Santa Barbara Market Update | Q2 2014

Montecito, CA | web: 0113818

Santa Barbara Market Update Second 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 | q2 $5,000,000 $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 | q2

SANTA BARBARA

$1,400,000

300

$1,200,000

250

$1,000,000

Known as the American Riviera, Santa Barbara is

150

truly one of California’s most vibrant and beautiful

$600,000

cities. The alluring landscape is enhanced by the

$400,000

red-tiled roofs of homes, the foliage of its Spanish heritage, the striking backdrop of the Santa Ynez

200

$800,000

100 50

$200,000

Mountains and the majestic palm trees.

$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

$1,110,270

$921,719

$850,393

$999,346

$1,195,462

20%

Average Sold Price

$1,044,798

$870,662

$821,714

$983,431

$1,171,269

19%

Total SFH Sold

175

157

238

264

229

-13%

Discount Ratio

94%

94%

97%

98%

98%

single family homes | Q2

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. 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 | q2

carpinteria / Summerland

$1,800,000

80

$1,600,000

70

$1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000

30

The oceanside city of Carpinteria has its own

$600,000

special character and is known as a residential

$400,000

20

$200,000

10

and agricultural gem with gorgeous bluffs

$0

overlooking the ocean and beautiful beaches.

0 2010

2011

2012

Average Sale Price

2013

2014

Total SFH Sold

2010

2011

2012

2013

2014

% Change (2014 v 2013)

Average List Price

$1,057,744

$872,648

$1,256,377

$647,626

$1,631,904

152%

Average Sold Price

$892,658

$790,411

$1,114,040

$639,227

$1,525,136

139%

Total SFH Sold

43

57

47

73

50

-32%

Discount Ratio

84%

91%

89%

99%

93%

single family homes | Q2

AVerage Sale Price | Total SFH Sold | Q2 $5,000,000

10

$4,500,000

9

$4,000,000

8

$3,500,000

7

$3,000,000

6

The palm-lined community of Hope Ranch is a

$2,500,000

5

world of its own. Hope Ranch properties have

$2,000,000

4

$1,500,000

3

$1,000,000

2

$500,000

1

HOPE RANCH spectacular views of both the mountains and the ocean. A wonderful blend of fine estates, Hope Ranch remains one of the great gems of gracious 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

$4,778,750

$3,090,111

$2,338,000

$2,967,143

$2,698,667

-9%

Average Sold Price

$4,347,500

$2,839,444

$2,113,150

$2,869,030

$2,554,722

-11%

Total SFH Sold

4

9

5

7

9

29%

Discount Ratio

91%

92%

90%

97%

95%

single family homes | Q2

montecito | santa barbara | carpinteria - Summerland | hope ranch | Goleta

AVerage Sale Price | Total SFH Sold | Q2 $4,000,000

100

$3,500,000

90 80

$3,000,000

montecito

70

$2,500,000

60

The community of Montecito offers a serene

$2,000,000

50

retreat and boasts tree-lined streets with lavish

$1,500,000

40

estates, many of which are architecturally

$1,000,000

significant, including English-style manor houses and elegant contemporary homes that

30 20

$500,000

10

$0

stretch from the beach up into the foothills.

0 2010

2011

Elegance is exuded in every detail of its stunning

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

$4,174,731

$2,951,821

$3,356,208

$2,995,087

$4,083,912

36%

Average Sold Price

$3,740,524

$2,708,644

$3,078,335

$2,852,497

$3,742,004

31%

Total SFH Sold

45

56

88

79

68

-14%

Discount Ratio

90%

92%

92%

95%

92%

single family homes | Q2

AVerage Sale Price | Total SFH Sold | Q2

GOLETA Goleta lies approximately 15 miles west of Santa Barbara. Formerly home to acres of avocados, lemons and oranges, Goleta real estate is built among the few remaining productive groves. Goleta enjoys fabulous communities, beaches, schools, and outdoor

$800,000

180

$700,000

160

$600,000

140 120

$500,000

100

$400,000

80

$300,000

60

$200,000

40

$100,000

20 0

$0 2010

2011

living. Views abound throughout the area of

2012

Average Sale Price

the Santa Ynez Mountains and the Channel

2013

2014

Total SFH Sold

Islands.

2010

2011

2012

2013

2014

% Change (2014 v 2013)

Average List Price

$676,231

$620,833

$618,823

$755,439

$766,440

1%

Average Sold Price

$650,053

$592,892

$596,954

$749,917

$756,908

1%

Total SFH Sold

134

86

164

166

140

-16%

Discount Ratio

96%

95%

96%

99%

99%

single family homes | Q2

sothebyshomes.com/santabarbara

On the market around the globe

left to right from top to bottom:

metropolitan markets Houston, TX | Web: 1240193 | $3,349,000 New York, NY | Web: 0137209 | $3,300,000 Los Angeles, CA | Web: 0355159 | $3,695,000 resort markets East Hampton, NY | Web: 0046319 | $3,185,000 Osterville, MA | Web: 0402843 | $2,395,000 Santa Fe, NM | Web: 0574992 | $3,995,000 foreign markets Turks & Caicos | Web: RH2HZL | $3,850,000 SPAIN | Web: VWMSEG | $3,651,914 CANADA | Web: KJPXGZ | $2,947,737 sothebysrealty.com

santa barbara area SIGNIFICANT SALES | Q2 2014

Montecito | Fernald Point Showcase | Offered at $28,000,000 Montecito Coast Village Road | Suzanne Perkins 805.895.2138 Suzanne Perkins represented the buyer.

Summerland | Jewel on the Pacific | Offered at $8,950,000 Santa Barbara Brokerage | Adam McKaig 805.452.6884 Adam McKaig represented the seller.

Carpinteria | Oceanfront Luxury | Offered at $8,650,000 Santa Barbara Brokerage | C. O’Neill 805.886.7760, T. Doré 805.689.1052 Cathy O’Neill and Tiffany Doré represented the buyer.

Carpinteria | Beach Cottage Retreat | Offered at $7,500,000 Montecito Upper Village | C. Clarke 805.886.9378, N. Copley 805.455.4419 Cristal Clarke represented the seller. Nigel Copley represented the buyer.

Santa Barbara | Marina Drive | Offered at $5,750,000 Montecito Coast Village Road | Suzanne Perkins 805.895.2138 Suzanne Perkins represented the seller.

Carpinteria | Modernist-style Retreat | Offered at $5,390,000 Montecito Coast Village Road | Harry Kolb 805.452.2500 Harry Kolb represented the seller.

Carpinteria | Elegant Ocean-View Home | Offered at $4,550,000 Montecito Coast Village Road | B. Lamborn 805.689.6800, M. Cook 805.570.3183 Bob Lamborn and Michelle Cook represented the seller.

Montecito | Relaxed Sophistication | Offered at $4,395,000 Montecito Upper Village | Cristal Clarke 805.886.9378 Cristal Clarke represented the seller.

Montecito | A Montecito Gem | Offered at $3,875,000 Montecito Upper Village | Dave Kent 805.969.2149 Dave Kent represented the seller.

Santa Barbara | Riviera Spanish-style | Offered at $3,650,000 Santa Barbara Brokerage | M. Calcagno 805.896.0876, N. Hamilton 805.451.4442, Santa Barbara Brokerage | Alex Rouffaer 805.963.1391 Michael, Nancy and Alex represented the seller.

Ojai | Majestic Ojai Villa | Offered at $3,595,000 Montecito Upper Village | Lisa Clark 805.698.5986 Sunset Strip Brokerage | Cameron Clark 818.606.4048 Lisa Clark and Cameron Clark represented the seller.

Gaviota | 117 Hollister Ranch Road | Offered at $2,795,000 Montecito Coast Village Road | Dan Johnson 805.895.5150 Dan Johnson represented the seller and the buyer.

santa barbara area SIGNIFICANT SALES | Q2 2014

Montecito | Montecito Beach Cottages | Offered at $2,750,000 Santa Barbara Brokerage | N. Hamilton 805.451.4442, M. Calcagno 805.896.0876 Nancy Hamilton and Michael Calcagno represented the seller.

Santa Barbara | Romantic Riviera Estate | Offered at $2,695,000 Santa Barbara Brokerage | Justin Corrado 805.451.9969 Justin Corrado represented the seller.

Santa Barbara | Campanil View Home | Offered at $2,595,000 Montecito Coast Village Road | Dan Johnson 805.895.5150 Dan Johnson represented the seller.

Santa Barbara | Spacious Luxury Residence | Offered at $2,500,000 Santa Barbara Brokerage | M.Calcagno 805.896.0876 & N. Hamilton 805.451.4442 Santa Barbara Brokerage | Diane Waterhouse 805.886.2988 Michael & Nancy represented the seller. Diane represented the buyer.

Santa Barbara | Santa Barbara Views | Offered at $2,495,000 Santa Barbara Brokerage | Larry Martin 805.895.6872 Larry Martin represented the buyer.

Santa Barbara | 524 Via Sinuosa | Offered at $2,450,000 Montecito Coast Village Road | Dan Johnson 805.895.5150 Dan Johnson represented the buyer.

Santa Barbara | Eucalyptus Hill Retreat | Offered at $2,395,000 Montecito Coast Village Road | Harry Kolb 805.452.2500 Harry Kolb represented the seller.

Santa Barbara | Endless Riviera | Offered at $2,370,000 Montecito Coast Village Road | Nick Svensson 805.895.2957 Nick Svensson represented the buyer.

Montecito | Montecito Privacy | Offered at $2,400,000 Montecito Coast Village Road | Maureen McDermut 805.570.5545 Maureen McDermut represented the buyer.

Santa Barbara | Country in the City | Offered at $2,295,000 Santa Barbara Brokerage | Paula Goodwin 805.451.5699 Montecito Upper Village | Sandy Stahl 805.689.1602 Paula Goodwin represented the seller. Sandy Stahl represented the buyer.

montecito | Classic Colonial-style | Offered at $2,129,000 Santa Barbara Brokerage | B. Green 805.452.9003, P. Goodwin 805.451.5699 Barbara Green and Paula Goodwin represented the buyer.

Santa Barbara | Vintage Montecito | Offered at $2,080,000 Santa Barbara Brokerage | T. Doré 805.689.1052, C. O’Neill 805.886.7760 Tiffany Doré and Cathy O’Neill represented the buyer.

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