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
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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
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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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