Q2 | 2017
Santa Barbara | Santa Ynez Valley
Market Update
MONTECITO
Contemporary Balinease-Style Estate | Offered at$40,000,000 sothebyshomes.com/0114130
Santa Barbara sothebyshomes.com/santabarbara
Santa Ynez Valley sothebyshomes.com/santaynez
Montecito, Santa Barbara, and Santa Ynez Valley Brokerages montecito coast village road
805.969.9993
montecito upper village
805.969.5005
Dave Osman / Vice President / Brokerage Manager santa barbara
805.963.1391
santa ynez valley
805.688.4200
All data within this document is pulled from the Santa Barbara MLS and North Santa Barbara County MLS. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity.
Santa Barbara 04 06
Market Shapshot | All Areas
08 10
16
Carpinteria | Summerland Montecito
12 14
Featured Properties
Santa Barbara Hope Ranch Goleta
Santa Ynez Valley 18 20 22 24 26 28
Featured Properties Market Shapshot | All Areas Santa Ynez
Ballard | Solvang Los Olivos Buellton
SANTA BARBARA
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/SANTABAR BARA
CARPINTERIA
Contemporary Masterpiece | Offered at $24,000,000 sothebyshomes.com/0632569
MONTECITO
Offered at $45,000,000 sothebyshomes.com/0114121 CARPINTERIA
Offered at $24,900,000 sothebyshomes.com/0632562 SANTA BARBARA
Offered at $7,995,000 sothebyshomes.com/0114157 SANTA BARBARA
Offered at $3,700,000 sothebyshomes.com/0593026 *in order from left to right, top to bottom
sothebyshomes.com/santabarbara
5
/ Santa Barbara Featured Properties / Santa Barbara Q2 Market Update
Market Snapshot Santa Barbara | Q2 2017
Highlight: Total Units Sold Highlight -units vs ASP Carpinteria & Summerland
Goleta
Montecito
$1.6
650
$1.4
600
$1.2 Carp-Summerland
550 500
Montecito $1.0 Santa Barbara
450
Hope Ranch
400
$0.6 Goleta
350
$0.8
Hope Ranch
Santa Barbara
$0.4 $0.2
250
$0.0
200
*Price in Millions
Total Units Sold 48 66 254 8 158
300
2013 2014 2015 2016 2017
Average Selling Price vs. Total Units Sold
Carpinteria | Summerland
Average Selling Price
Montecito
Total Units Sold
Santa Barbara Hope Ranch Goleta
Five Year Comparison
Carpinteria | Summerland, Montecito, Santa Barbara Hope Ranch, and Goleta
$4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0
2013
2014
2015
2016
2017
Average Selling Price Over Five Years by Area
Carpinteria | Summerland
Montecito
Santa Barbara
Hope Ranch
7
Goleta
/ Q2 Highlights / Santa Barbara Q2 Market Update
at a glance {Q2 | 2017}
carpinteria | summerland
22
%
Change in Average Selling Price {2017 v 2016}
-27
%
Change in Units Sold {2017 v 2016}
48 Units Sold
1.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
80
$1,600,000
70
$1,400,000
60
$1,200,000
50
$1,000,000
40
$800,000
30
$600,000 $400,000
20
$200,000
10
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Carpinteria & Summerland Carpinteria is graciously situated where the Pacific meets the idyllic beach town and foothills of the area. The hillside-lined homes of Summerland boast views of the coastline and the Channel Islands. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
24%
22%
30%
-27%
2017
$1,281,048
$1,217,516
61
48
2016
$1,037,006
$1,000,169
47
66
2015
$879,323
$859,219
51
72
2014
$1,631,904
$1,525,136
35
50
2013
$647,626
$639,227
45
73
{2017 v 2016}
Change
9
/ Carpinteria | Summerland / Santa Barbara Q2 Market Update
|
Average Selling Price Total Units Sold $4,500,000
90
$4,000,000
80
$3,500,000
70
$3,000,000
60
$2,500,000
50
$2,000,000
40
$1,500,000
30
$1,000,000
20
$500,000
10
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Montecito One of the most world-renowned areas in which to live, Montecito emulates sophisticated elegance in every way. Bungalows, traditional homes, and estates stretch from the beach to the foothills and are surrounded by native eucalyptus tress and stunning views. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
3%
2%
0%
20%
2017
$3,744,344
$3,513,939
117
66
2016
$3,633,982
$3,448,892
117
55
2015
$3,963,701
$3,718,629
64
67
2014
$4,083,912
$3,742,004
83
68
2013
$2,995,087
$2,852,497
69
79
{2017 v 2016}
Change
Santa Barbara Q2 Market Update / Montecito / 10
at a glance {Q1 | 2017}
montecito
2
%
Change in Average Selling Price {2017 v 2016}
20
%
Change in Units Sold {2017 v 2016}
66 Units Sold
3.5m
$
Average Selling Price
at a glance {Q2 | 2017}
santa barbara
6
%
Change in Average Selling Price {2017 v 2016}
7
%
Change in Units Sold {2017 v 2016}
254 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
270
$1,200,000
260
$1,000,000
250
$800,000 240 $600,000 230
$400,000 $200,000
220
$0
210
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Santa Barbara Known as the American Riviera, Santa Barbara’s alluring landscape is the perfect culmination of mountains and ocean mixed with soaring palm trees, a storied Spanish heritage, and relaxed sophistication. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
6%
6%
19%
7%
2017
$1,326,589
$1,299,297
54
254
2016
$1,256,069
$1,222,900
45
237
2015
$1,209,249
$1,175,868
48
256
2014
$1,195,462
$1,171,269
40
229
2013
$999,346
$983,431
33
264
{2017 v 2016}
Change
13
/ Santa Barbara / Santa Barbara Q2 Market Update
|
Average Selling Price Total Units Sold $4,500,000
12
$4,000,000
10
$3,500,000 $3,000,000
8
$2,500,000
6
$2,000,000 $1,500,000
4
$1,000,000
2
$500,000 $0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Hope Ranch Hope Ranch sits above a beautiful stretch of the Pacific coast with homes overlooking the ocean. A rare gem, with a wonderful blend of fine estates, incredible architecture, horseback riding trails, and private beach access makes this area exceptional. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-11%
-10%
-29%
-11%
2017
$2,526,125
$2,374,275
79
8
2016
$2,836,444
$2,651,667
112
9
2015
$4,314,909
$4,016,500
82
11
2014
$2,698,667
$2,554,722
128
9
2013
$2,967,143
$2,869,030
59
7
{2017 v 2016}
Change
Santa Barbara Q2 Market Update / Hope Ranch / 14
at a glance {Q1 | 2017}
hope ranch
-10
%
Change in Average Selling Price {2017 v 2016}
-11
%
Change in Units Sold {2017 v 2016}
8
Units Sold
2.4m
$
Average Selling Price
at a glance {Q2 | 2017}
goleta
15
%
Change in Average Selling Price {2017 v 2016}
12
%
Change in Units Sold {2017 v 2016}
158 Units Sold
1
$ m Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
180 160
$1,000,000
140
$800,000
120 100
$600,000
80 60
$400,000
40
$200,000
20 0
$0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Goleta Goleta, known as the “Goodland,� offers an incredible lifestyle with excellent beaches, schools, and outdoor living. Views abound throughout the area of the Santa Ynez Mountains and the Channel Islands. sothebyshomes.com/santabarbara
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
18%
15%
31%
12%
2017
$1,026,009
$983,032
33
158
2016
$869,250
$854,884
25
141
2015
$755,434
$753,350
27
169
2014
$766,436
$757,087
34
140
2013
$755,439
$749,917
24
166
{2017 v 2016}
Change
17
/ Goleta / Santa Barbara Q2 Market Update
SANTA YNEZ VALLEY
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/SANTAYNE Z
SANTA YNEZ
College Ranch | Offered at $14,900,000 sothebyshomes.com/0621796
SANTA YNEZ
Offered at $6,600,000 sothebyshomes.com/0621756 SANTA YNEZ
Offered at $2,995,000 sothebyshomes.com/0621649 SANTA YNEZ
Offered at $2,595,000 sothebyshomes.com/0621783 SOLVANG
Offered at $2,475,000 sothebyshomes.com/0621784 *in order from left to right, top to bottom
sothebyshomes.com/santaynez
19
/ Featured Properties / Santa Ynez Valley Q2 Market Update
Market Snapshot
Highlight: Total Units Sold Santa Ynez Valley | Q2 2017
Highlight -units vs ASP $1.4
Buellton
$1.2
Santa Ynez $1.0
90 80
Santa Ynez Ballard & Solvang Los Olivos
Los Olivos
$0.8
Buellton
60 50 40
$0.6
Ballard & Solvang
70
30
$0.4
20 $0.2
10
$0.0 *Price in Millions
Total Units Sold 22 37 6 17
0
2013 2014 2015 2016 2017
Average Selling Price vs. Total Units Sold
Santa Ynez
Average Selling Price
Ballard | Solvang
Total Units Sold
Los Olivos Buellton
Five Year Comparison Santa Ynez Valley
$3.0
$2.5
$2.0
$1.5
$1.0
$0.5
$0.0
2013
2014
2015
2016
2017
Average Selling Price Over Five Years by Area
Santa Ynez
Ballard | Solvang
Los Olivos
21
Buellton
/ Q2 Market Snapshot / Santa Ynez Valley Q2 Market Update
at a glance {Q2 | 2017}
santa ynez
-43
%
Change in Average Selling Price {2017 v 2016}
0
%
Change in Units Sold {2017 v 2016}
22 Units Sold
1.5m
$
Average Selling Price
|
Average Selling Price Total Units Sold $3,000,000
30
$2,500,000
25
$2,000,000
20
$1,500,000
15
$1,000,000
10
$500,000
5
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Santa Ynez Characterized by golden hills and iconic oak trees, Santa Ynez spans the Santa Ynez Valley including homes in the small township to ranches and ranchettes, vineyard and equestrian estates - each incredibly unique. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-42%
-43%
-40%
0%
2017
$1,590,409
$1,478,375
136
22
2016
$2,741,545
$2,611,182
227
22
2015
$1,617,925
$1,519,466
232
20
2014
$1,600,000
$1,549,375
103
8
2013
$1,512,596
$1,417,640
156
25
{2017 v 2016}
Change
23
/ Santa Ynez / Santa Ynez Valley Q2 Market Update
|
Average Selling Price Total Units Sold $1,000,000
45
$900,000
40
$800,000
35
$700,000
30
$600,000
25
$500,000
20
$400,000
15
$300,000 $200,000
10
$100,000
5
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Ballard | Solvang The town of Solvang, known for its rich Danish heritage, is surrounded by homes ranging from ranch-style to estates with views for miles. Nestled in the heart of the Valley, the quaint town of Ballard is comprised of bungalows, ranches, and one of the most sought after school districts in the area. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
-5%
-5%
24%
-10%
2017
$912,904
$872,203
136
37
2016
$964,918
$920,289
109
41
2015
$778,460
$743,136
136
25
2014
$624,729
$599,389
202
24
2013
$680,288
$640,894
179
32
{2017 v 2016}
Change
Santa Ynez Valley Q2 Market Update / Ballard | Solvang / 24
at a glance {Q2 | 2017}
ballard | solvang
-5
%
Change in Average Selling Price {2017 v 2016}
-10
%
Change in Units Sold {2017 v 2016}
37 Units Sold
900k
$
Average Selling Price
at a glance {Q2 | 2017}
los olivos
39
%
Change in Average Selling Price {2017 v 2016}
500
%
Change in Units Sold {2017 v 2016}
6
Units Sold
1.4m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
7
$1,400,000
6
$1,200,000
5
$1,000,000
4
$800,000 3
$600,000
2
$400,000 $200,000
1
$0
0
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Los Olivos The charming town of Los Olivos is made up of fine restaurants, local vineyards’ tasting rooms, and boutiques with bungalows close to town and ranches spread across the area’s rolling hills. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
44%
39%
-64%
500%
2017
$1,415,833
$1,358,750
55
6
2016
$980,000
$980,000
153
1
2015
$1,056,333
$1,022,000
86
6
2014
$1,410,400
$1,330,400
132
5
2013
$721,500
$695,100
159
5
{2017 v 2016}
Change
27
/ Los Olivos / Santa Ynez Valley Q2 Market Update
|
Average Selling Price Total Units Sold $900,000
20.5
$800,000
20
$700,000
19.5 19
$600,000
18.5
$500,000
18
$400,000
17.5
$300,000
17
$200,000
16.5
$100,000
16
$0
15.5
2013
2014
2015
2016
Average Selling Price
2017 Total Units Sold
About
Buellton The west side of the Valley, Buellton is home to some of the most stunning vineyards in the area, beautiful riding trails, and a thriving community that is constantly evolving. sothebyshomes.com/santaynez
Average List Price
Average Selling Price
Average Days on Market
Total Units Sold
24%
25%
-39%
-6%
2017
$796,669
$771,235
64
17
2016
$642,056
$616,556
105
18
2015
$640,620
$591,710
100
20
2014
$695,885
$542,195
259
20
2013
$325,039
$330,309
98
17
{2017 v 2016}
Change
Santa Ynez Valley Q2 Market Update / Buellton / 28
at a glance {Q2 | 2017}
buellton
25
%
Change in Average Selling Price {2017 v 2016}
-6
%
Change in Units Sold {2017 v 2016}
17 Units Sold
800k
$
Average Selling Price
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