Montecito, CA | web: 0113923
Santa Barbara Market Update Second Quarter 2015 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
$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 2011
2012
Montecito
2013
Santa Barbara
2014
Carpinteria | Summerland
2015
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
30
$1,000,000
significant, including English-style manor houses and elegant contemporary homes that stretch from the beach up into the foothills.
20
$500,000
10
$0
0 2011
Elegance is exuded in every detail of its stunning
2012
2013
Average Sale Price
surroundings and relaxed atmosphere.
2014
2015
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$2,951,821
$3,356,208
$2,995,087
$4,083,912
$3,963,701
-3%
AVERAGE SOLD PRICE
$2,708,644
$3,078,335
$2,852,497
$3,742,004
$3,718,629
-1%
TOTAL SFH SOLD
56
88
79
68
67
-1%
DISCOUNT RATIO
92%
92%
95%
92%
94%
SINGLE FAMILY HOMES | Q2
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
CARPINTERIA / SUMMERLAND
$1,400,000 $1,800,000
250 80
$1,600,000 $1,200,000 $1,400,000 $1,000,000 $1,200,000
70 200 60 50 150 40
$1,000,000 $800,000 $800,000
30 100 20
$600,000
The oceanside city of Carpinteria has its own special character and is known as a residential and agricultural gem with gorgeous bluffs
$400,000 $400,000 $200,000 $0 $200,000
overlooking the ocean and beautiful beaches.
10 50 0 2011
2012
$0 2010
2013
2014
2015
Average Sale Price 2011 2012
Total SFH Sold 2013
2014
Average Sale Price
0
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$872,648
$1,256,377
$647,626
$1,631,904
$886,370
-46%
AVERAGE SOLD PRICE
$790,411
$1,114,040
$639,227
$1,525,136
$865,616
-43%
TOTAL SFH SOLD
57
47
73
50
71
42%
DISCOUNT RATIO
91%
89%
99%
93%
98%
SINGLE FAMILY HOMES | Q2
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2 $4,500,000
12
$4,000,000 10 $3,500,000 $3,000,000
HOPE RANCH
8
$2,500,000
The palm-lined community of Hope Ranch is a world of its own. Hope Ranch properties have
6 $2,000,000
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 2011
2012
2013
Average Sale Price
2014
2015
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$3,090,111
$2,338,000
$2,967,143
$2,698,667
$4,314,909
60%
AVERAGE SOLD PRICE
$2,839,444
$2,113,150
$2,869,030
$2,554,722
$4,016,500
57%
TOTAL SFH SOLD
9
5
7
9
11
22%
DISCOUNT RATIO
92%
90%
97%
95%
93%
SINGLE FAMILY HOMES | Q2
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2 300
$1,400,000 $1,400,000 $1,200,000
250 250
$1,200,000 $1,000,000
SANTA BARBARA
200 200
$1,000,000 $800,000
150 150
Known as the American Riviera, Santa Barbara is
$800,000 $600,000
truly one of California’s most vibrant and beautiful
$600,000 $400,000
100 100
red-tiled roofs of homes, the foliage of its Spanish
$400,000 $200,000
heritage, the striking backdrop of the Santa Ynez
$200,000 $0
50 50
cities. The alluring landscape is enhanced by the
Mountains and the majestic palm trees.
$0
0 2011
2012
2010
2013
2011 Sale Price 2012 Average Average Sale Price
2014
2015
Total SFH2013 Sold
0
2014
Total SFH Sold
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$921,719
$850,393
$999,346
$1,195,462
$1,208,630
1%
AVERAGE SOLD PRICE
$870,662
$821,714
$983,431
$1,171,269
$1,175,359
0%
TOTAL SFH SOLD
157
238
264
229
257
12%
DISCOUNT RATIO
94%
97%
98%
98%
97%
SINGLE FAMILY HOMES | Q2
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
GOLETA
$800,000
180
$700,000
160
$600,000
140 120
$500,000
100
Goleta lies approximately 15 miles west of
$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
80 60
0
$0 2011
communities, beaches, schools, and outdoor
2012
2013
Average Sale Price
living. Views abound throughout the area of
2014
2015
Total SFH Sold
the Santa Ynez Mountains and the Channel Islands. 2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$620,833
$618,823
$755,439
$766,440
$756,003
-1%
AVERAGE SOLD PRICE
$592,892
$596,954
$749,917
$757,087
$753,995
-0.4%
TOTAL SFH SOLD
86
164
166
140
168
20%
DISCOUNT RATIO
95%
96%
99%
99%
100%
SINGLE FAMILY HOMES | Q2
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