Q3 | 2017
Santa Barbara | Santa Ynez Valley
Market Update
SANTA BARBARA
Casa Cielo | Offered at $9,950,000 sothebyshomes.com/0114240
Santa Barbara sothebyshomes.com/santabarbara
Santa Ynez Valley sothebyshomes.com/santaynez
Montecito, Santa Barbara, and Santa Ynez Valley Brokerages Dave Osman / Vice President & Brokerage Manager montecito coast village road
805.969.9993
montecito upper village
805.969.5005
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
SANTA BARBARA
Granada Bldg 7th Fl Penthouse | Offered at $4,850,000 sothebyshomes.com/0632615
MONTECITO
Offered at $45,000,000 sothebyshomes.com/0114121 MONTECITO
Offered at $19,500,000 sothebyshomes.com/0632569 MONTECITO
Offered at $9,995,000 sothebyshomes.com/0632568 MONTECITO
Offered at $3,600,000 sothebyshomes.com/0114156 *in order from left to right, top to bottom
sothebyshomes.com/santabarbara
5
/ Santa Barbara Featured Properties / Santa Barbara Q3 Market Update
Market Snapshot Santa Barbara | Q3 2017
Highlight: Total Units Sold Highlight -units vs ASP
Carpinteria & Summerland
Goleta
$1.6
600
$1.4
550
Carp-Summerland $1.2
Montecito
Montecito
$1.0
450
Hope Ranch
$0.8
400
Goleta $0.6
350
$0.4
300
$0.2
250
$0.0
200
Santa Barbara
Hope Ranch
Santa Barbara
*Price in Millions
Total Units Sold 60 66 234 6 128
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
500
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
/ Q3 Highlights / Santa Barbara Q3 Market Update
at a glance {Q3 | 2017}
carpinteria | summerland
6
%
Change in Average Selling Price {2017 v 2016}
5
%
Change in Units Sold {2017 v 2016}
60 Units Sold
971k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
80
$1,400,000
70
$1,200,000
60
$1,000,000
50
$800,000
40
$600,000
30
$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
4%
6%
-16%
5%
2017
$1,003,577
$970,914
54
60
2016
$968,323
$916,696
64
57
2015
$1,056,154
$997,622
46
71
2014
$1,456,130
$1,335,290
70
40
2013
$852,388
$814,348
60
71
Q3 {2017 v 2016}
Change
9
/ Carpinteria | Summerland / Santa Barbara Q3 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
23%
22%
18%
12%
2017
$3,868,496
$3,540,091
122
66
2016
$3,149,419
$2,904,790
103
59
2015
$4,070,193
$3,847,569
90
44
2014
$3,956,025
$3,608,418
73
77
2013
$2,755,085
$2,614,217
69
71
Q3 {2017 v 2016}
Change
Santa Barbara Q3 Market Update / Montecito / 10
at a glance {Q3 | 2017}
montecito
22
%
Change in Average Selling Price {2017 v 2016}
12
%
Change in Units Sold {2017 v 2016}
66 Units Sold
3.5m
$
Average Selling Price
at a glance {Q3 | 2017}
santa barbara
-2
%
Change in Average Selling Price {2017 v 2016}
6
%
Change in Units Sold {2017 v 2016}
234 Units Sold
1.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
240
$1,200,000
230
$1,000,000
220
$800,000 210 $600,000 200
$400,000 $200,000
190
$0
180
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
-2%
-2%
-8%
6%
2017
$1,272,724
$1,240,208
43
234
2016
$1,304,188
$1,267,215
47
220
2015
$1,111,829
$1,081,175
18
235
2014
$1,220,876
$1,192,633
38
203
2013
$1,014,380
$996,616
34
226
Q3 {2017 v 2016}
Change
13
/ Santa Barbara / Santa Barbara Q3 Market Update
|
Average Selling Price Total Units Sold $4,500,000
14
$4,000,000
12
$3,500,000
10
$3,000,000 $2,500,000
8
$2,000,000
6
$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
-1%
-4%
28%
-14%
2017
$3,148,000
$2,943,000
138
6
2016
$3,179,957
$3,051,429
108
7
2015
$4,450,000
$4,241,458
101
5
2014
$2,674,615
$2,516,615
143
13
2013
$2,029,271
$2,023,000
61
7
Q3 {2017 v 2016}
Change
Santa Barbara Q3 Market Update / Hope Ranch / 14
at a glance {Q3 | 2017}
hope ranch
-4
%
Change in Average Selling Price {2017 v 2016}
-14
%
Change in Units Sold {2017 v 2016}
6
Units Sold
2.9m
$
Average Selling Price
at a glance {Q3 | 2017}
goleta
0
%
Change in Average Selling Price {2017 v 2016}
-7
%
Change in Units Sold {2017 v 2016}
128 Units Sold
850k
$
Average Selling Price
|
Average Selling Price Total Units Sold $880,000
250
$860,000 200
$840,000 $820,000
150
$800,000 $780,000
100
$760,000 $740,000
50
$720,000 $700,000
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
0%
0%
21%
-7%
2017
$864,762
$849,940
41
128
2016
$867,525
$853,209
33
137
2015
$815,093
$809,491
26
195
2014
$760,395
$756,287
30
150
2013
$767,888
$757,098
26
154
Q3 {2017 v 2016}
Change
17
/ Goleta / Santa Barbara Q3 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
SOLVANG
Contemporary Artist Retreat | Offered at $1,850,000 sothebyshomes.com/0621809
SANTA YNEZ
Offered at $14,900,000 sothebyshomes.com/0621796 SANTA YNEZ
Offered at $8,950,000 sothebyshomes.com/0621810 SOLVANG
Offered at $2,475,000 sothebyshomes.com/0621784 SOLVANG
Offered at $1,275,000 sothebyshomes.com/0621806 *in order from left to right, top to bottom
sothebyshomes.com/santaynez
19
/ Featured Properties / Santa Ynez Valley Q3 Market Update
Market Snapshot
Highlight: Total Units Sold Santa Ynez Valley | Q3 2017
Highlight -units vs ASP
Buellton
Santa Ynez
$1.4
80
$1.2
70
Santa Ynez
$1.0
Ballard & Solvang
Los Olivos $0.8 Buellton
50 40
$0.6
Los Olivos
30
Ballard & Solvang $0.4
Total Units Sold
20
$0.2
10
$0.0
0
*Price in Millions
19 30 6 20
60
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
$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
/ Q3 Market Snapshot / Santa Ynez Valley Q3 Market Update
at a glance {Q3 | 2017}
santa ynez
31
%
Change in Average Selling Price {2017 v 2016}
36
%
Change in Units Sold {2017 v 2016}
19 Units Sold
1.6m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,500,000
20 18
$2,000,000
16 14
$1,500,000
12 10
$1,000,000
8 6 4
$500,000
2 $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
26%
31%
38%
36%
2017
$1,685,308
$1,601,232
160
19
2016
$1,335,000
$1,218,929
116
14
2015
$1,219,333
$1,176,611
164
9
2014
$1,661,172
$1,444,341
191
16
2013
$2,576,889
$2,347,333
103
18
Q3 {2017 v 2016}
Change
23
/ Santa Ynez / Santa Ynez Valley Q3 Market Update
|
Average Selling Price Total Units Sold $1,200,000
35
$1,000,000
30 25
$800,000
20 $600,000 15 $400,000
10
$200,000
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
-28%
-28%
-40%
25%
2017
$802,840
$764,571
76
30
2016
$1,111,408
$1,064,610
126
24
2015
$758,150
$718,883
62
16
2014
$780,074
$731,493
211
19
2013
$718,423
$688,962
98
13
Q3 {2017 v 2016}
Change
Santa Ynez Valley Q3 Market Update / Ballard | Solvang / 24
at a glance {Q3 | 2017}
ballard | solvang
-28
%
Change in Average Selling Price {2017 v 2016}
25
%
Change in Units Sold {2017 v 2016}
30 Units Sold
765k
$
Average Selling Price
at a glance {Q3 | 2017}
los olivos
64
%
Change in Average Selling Price {2017 v 2016}
100
%
Change in Units Sold {2017 v 2016}
6
Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
7
$1,200,000
6
$1,000,000
5
$800,000
4
$600,000
3
$400,000
2
$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
63%
64%
131%
100%
2017
$1,323,333
$1,257,500
111
6
2016
$814,333
$765,000
48
3
2015
$816,248
$801,125
35
4
2014
$1,089,750
$1,056,250
120
4
2013
$684,650
$670,333
38
3
Q3 {2017 v 2016}
Change
27
/ Los Olivos / Santa Ynez Valley Q3 Market Update
|
Average Selling Price Total Units Sold $900,000
25
$800,000 20
$700,000 $600,000
15
$500,000 $400,000
10
$300,000 $200,000
5
$100,000 $0
0
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
-28%
-28%
-44%
122%
2017
$625,096
$608,371
57
20
2016
$866,111
$842,667
102
9
2015
$499,229
$486,171
36
14
2014
$439,257
$432,829
121
7
2013
$540,750
$540,533
31
12
Q3 {2017 v 2016}
Change
Santa Ynez Valley Q3 Market Update / Buellton / 28
at a glance {Q3 | 2017}
buellton
-28
%
Change in Average Selling Price {2017 v 2016}
122
%
Change in Units Sold {2017 v 2016}
20 Units Sold
608k
$
Average Selling Price
Property from a Distinguished Private Collection ANDY WARHOL Dollar Sign, 1981 To be sold 16 November in New York Contemporary Art Evening Auction
November 2017 New York Auction Calendar
Impressionist & Modern Art Evening Sale Auction 14 November Impressionist & Modern Art Day Sale Auction 15 November Contemporary Art Evening Auction Auction 16 November Contemporary Art Day Auction Auction 17 November
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