Santa Barbara, CA | web: 0113783
Santa Barbara Market Update First Quarter 2014 Santa Barbara Brokerages Montecito Coast Village Road Brokerage | t. 805.969.9993 Montecito Upper Village Brokerage | t. 805.969.5005 Santa Barbara Brokerage | t. 805.963.1391 Santa Ynez Valley Brokerage | t. 805.688.4200
sothebyshomes.com All data within this document is pulled from the Santa Barbara MLS. Areas include from Carpinteria - Goleta North.
five years of Average selling Prices | q1 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 2010
2011
Montecito
Santa Barbara
2012
2013
Carpinteria | Summerland
2014
Hope Ranch
Goleta
AVerage Sale Price | Total SFH Sold | q1 $1,200,000
180 160
$1,000,000
SANTA BARBARA
$800,000
Known as the American Riviera, Santa Barbara is
$600,000
truly one of California’s most vibrant and beautiful cities. The alluring landscape is enhanced by the red-tiled roofs of homes, the foliage of its Spanish heritage, the striking backdrop of the Santa Ynez Mountains and the majestic palm trees.
140 120 100 80
$400,000
60 40
$200,000
20
$0
0 2010
2011
2012
Average Sale Price
2013
2014
Total SFH Sold
2010
2011
2012
2013
2014
% Change (2014 v 2013)
Average List Price
$869,305
$937,309
$802,263
$847,943
$1,108,148
31%
Average Sold Price
$823,629
$885,468
$768,205
$831,966
$1,080,725
30%
Total SFH Sold
122
110
156
154
148
-4%
Discount Ratio
95%
94%
96%
98%
98%
single family homes | Q1
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AVerage Sale Price | Total SFH Sold | q1
carpinteria / Summerland
$1,400,000
60
$1,200,000
50
$1,000,000
40
$800,000
30
$600,000
The oceanside city of Carpinteria has its own
$400,000
special character and is known as a residential
$200,000
and agricultural gem with gorgeous bluffs
20 10
$0
0 2010
overlooking the ocean and beautiful beaches.
2011
2012
Average Sale Price
2013
2014
Total SFH Sold
2010
2011
2012
2013
2014
% Change (2014 v 2013)
Average List Price
$703,844
$608,305
$726,689
$989,706
$1,291,032
30%
Average Sold Price
$672,974
$578,235
$665,382
$954,764
$1,252,959
31%
Total SFH Sold
39
31
38
53
25
-53%
Discount Ratio
96%
95%
92%
96%
97%
single family homes | Q1
AVerage Sale Price | Total SFH Sold | q1 $4,500,000
14
$4,000,000
12
$3,500,000
HOPE RANCH
10
$3,000,000
The palm-lined community of Hope Ranch is a world of its own. Hope Ranch properties have
$2,500,000
8
$2,000,000
6
spectacular views of both the mountains and the
$1,500,000
ocean. A wonderful blend of fine estates, Hope
$1,000,000
Ranch remains one of the great gems of gracious
4 2
$500,000
living in the Santa Barbara area.
$0
0 2010
2011
2012
Average Sale Price
2013
2014
Total SFH Sold
2010
2011
2012
2013
2014
% Change (2014 v 2013)
Average List Price
$3,782,333
$3,235,000
$2,013,417
$2,504,538
$4,161,000
66%
Average Sold Price
$3,489,875
$2,737,500
$1,875,854
$2,389,251
$3,967,688
66%
Total SFH Sold
6
4
6
13
8
-38%
Discount Ratio
92%
85%
93%
95%
95%
single family homes | Q1
montecito | santa barbara | carpinteria - Summerland | hope ranch | Goleta
AVerage Sale Price | Total SFH Sold | q1 $4,000,000
70
$3,500,000
60
$3,000,000
montecito
$2,500,000
The community of Montecito offers a serene
$2,000,000
retreat and boasts tree-lined streets with lavish
$1,500,000
estates, many of which are architecturally
50 40 30 20
$1,000,000
significant, including English-style manor houses and elegant contemporary homes that stretch from the beach up into the foothills.
10
$500,000 $0
0 2010
Elegance is exuded in every detail of its stunning
2011
2012
Average Sale Price
surroundings and relaxed atmosphere.
2013
2014
Total SFH Sold
2010
2011
2012
2013
2014
% Change (2014 v 2013)
Average List Price
$4,215,930
$3,016,758
$4,248,511
$3,300,473
$3,079,123
-7%
Average Sold Price
$3,179,604
$2,724,060
$3,531,520
$3,137,099
$2,855,618
-9%
Total SFH Sold
30
33
52
59
42
-29%
Discount Ratio
75%
90%
83%
95%
93%
single family homes | Q1
AVerage Sale Price | Total SFH Sold | q1
GOLETA
$900,000
160
$800,000
140
$700,000
120
$600,000
Goleta lies approximately 15 miles west of
100
$500,000
80
$400,000
Santa Barbara. Formerly home to acres of
$300,000
avocados, lemons and oranges, Goleta real
$200,000
40
estate is built among the few remaining
$100,000
20
productive groves. Goleta enjoys fabulous
60
$0
0 2010
communities, beaches, schools, and outdoor
2011
2012
Average Sale Price
living. Views abound throughout the area of
2013
2014
Total SFH Sold
the Santa Ynez Mountains and the Channel Islands. 2010
2011
2012
2013
2014
% Change (2014 v 2013)
Average List Price
$578,625
$861,952
$496,935
$698,801
$701,424
0%
Average Sold Price
$557,718
$817,945
$474,934
$695,202
$687,837
-1%
Total SFH Sold
56
93
71
135
95
-30%
Discount Ratio
96%
95%
96%
99%
98%
single family homes | Q1
sothebyshomes.com/santabarbara
On the market around the globe
left to right from top to bottom:
in metropolitan markets San Francisco, CA | Web: 0086643 | $2,995,000 Houston, TX | Web: 1230207 | $3,295,000 New York, NY | Web: 0137101 | $2,500,000 in resort markets East Hampton, NY | Web: 0056005 | $2,750,000 Pebble BEACH, FL | Web: 0473601 | $2,690,000 East Falmouth, MA | Web: 0840564 | $2,595,000 in foreign markets Thailand | Web: V7QZ6W | $3,859,216 Greece | Web: SMZVGF | Price Upon Request France | Web: PJ7HYY | Price Upon Request sothebysrealty.com
santa barbara area SIGNIFICANT SALES | Q1 2014
Santa Barbara | 4172 Cresta Avenue | Offered at $5,950,000 Santa Barbara Brokerage | Tiffany DorÊ | 805.689.1052 Santa Barbara Brokerage | Cathy O’Neill | 805.886.7760 Tiffany and Cathy represented the buyer.
Montecito | 1821 Fernald Point Lane | Offered at $4,125,000 Montecito - Coast Village Road | Suzanne Perkins | 805.895.2138 Suzanne represented the seller.
Ojai | 2196 Grand Avenue | Offered at $3,600,000 Santa Barbara Brokerage | Jay Krautmann | 805.451.4527 Montecito - Coast Village Road | Darcie McKnight | 805.637.7772 Jay and Darcie represented the seller.
Montecito | 1075 Cold Springs Road | Offered at $3,400,000 Montecito - Coast Village Road | Vivienne Leebosh | 805.689.5613 Vivienne represented the seller.
Montecito | 1558 Miramar Beach Drive | Offered at $3,350,000 Montecito - Coast Village Road | Nick Svensson | 805.895.2957 Nick represented the buyer.
Santa Barbara | 2232 Santa Barbara Street | Offered at $3,295,000 Santa Barbara Brokerage | William & Rose Marie Reed | 805.896.3002 Santa Barbara Brokerage | Jay Krautmann & Darcie McKnight Bill & Rose Marie represented the seller. Jay & Darcie represented the buyer.
santa barbara area SIGNIFICANT SALES | Q1 2014
Santa Barbara | 4687 Via Roblada | Offered at $2,995,000 Santa Ynez Valley Brokerage | Patty Murphy | 805.680.8571 Patty represented the buyer.
Montecito | 526 Las Fuentes Drive | Offered at $2,975,000 Montecito - Upper Village Brokerage | Dave Kent | 805.969.2149 Montecito - Upper Village Brokerage | Sally Bromfield | 805.448.0875 Dave & Sally represented the seller.
Montecito | 482 Woodley Road | Offered at $2,850,000 Montecito - Coast Village Road | Janet Caminite | 805.896.7767 Janet represented the buyer.
Santa Barbara | 1220 Cima Linda Lane |Offered at$2,395,000 Montecito - Upper Village Brokerage | Karen Strickland | 805.455.3226 Karen represented the buyer.
Santa Barbara | 30 Alston Place | Offered at $2,165,000 Montecito - Coast Village Road | Dan Johnson | 805.895.5150 Dan represented the seller and the buyer.
Santa Barbara | 10 West Mountain Drive | Offered at $2,150,000 Montecito - Upper Village Brokerage | Marie Larkin | 805.680.2525 Marie represented the seller.
Auction & Exhibition Calendar 2014
16 29
NEW YORK APRIL A Modern Library: The Gordon Waldorf Collection John James Audubon: The Birds of America, The Viviparous Quadrupeds of North America The Inventive Eye: Photographs from a Private Collection Photographs Important Russian Works of Art, European Silver, and Vertu American Paintings, Drawings & Sculpture Magnificent Jewels
1 8 9 16 29 29 30
LONDON APRIL Made in Britain The Orientalist Sale Arts of the Islamic World Finest and Rarest Wines Furniture Collections Travel, Atlases, Maps & Natural History Old Master & British Paintings
1 1
2 8
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PARIS APRIL Picasso and the Nude: Fifty Drawings from the Marina Picasso Collection
Shown Above Left: WILLARD LEROY METCALF (1858 – 1925) A SEASIDE PASTURE SIGNED W L METCALF (LOWER LEFT) OIL ON CANVAS PAINTED IN 1910. 26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014
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