Santa Barbara Market Update | Q1 2014

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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Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. 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.

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

SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. AN EQUAL OPPORTUNITY COMPANY. EQUAL HOUSING OPPORTUNITY. EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.

© MMXIV SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. ALL RIGHTS RESERVED. SOTHEBY’S INTERNATIONAL REALTY® IS A REGISTERED TRADEMARK LICENSED TO

1

1

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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