Montecito, CA | web: 0592884
Santa Barbara Market Update Fourth 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 | Q4
$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 Montecito
2011 Santa Barbara
2012
2013
Carpinteria | Summerland
2014
Hope Ranch
Goleta
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
SANTA BARBARA
$1,200,000 $1,400,000
350 250
$1,000,000 $1,200,000
300
200 250
$800,000 $1,000,000
Known as the American Riviera, Santa Barbara is
$600,000 $800,000
truly one of California’s most vibrant and beautiful
$600,000 $400,000
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.
200 150 150
100 100
$400,000 $200,000
5050
$200,000 $0 $0
0 2010
2011
2010
2012
2011 2012 Average Sale Price Average Sale Price
2013
2013 Total SFH Sold
2014
0
2014
Total SFH Sold
2010
2011
2012
2013
2014
% Change (2014 v 2013)
AVERAGE LIST PRICE
$963,936
$832,840
$754,325
$1,030,376
$1,107,787
8%
AVERAGE SOLD PRICE
$908,473
$783,318
$735,734
$1,006,316
$1,078,309
7%
TOTAL SFH SOLD
149
172
323
193
193
0%
DISCOUNT RATIO
94%
94%
98%
98%
97%
SINGLE FAMILY HOMES | Q4
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AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4
250 55
$1,400,000 $1,400,000
54
$1,200,000 $1,200,000
CARPINTERIA / SUMMERLAND
200 53
$1,000,000 $1,000,000
52
$800,000 $800,000 $600,000
51 150 50
The oceanside city of Carpinteria has its own
$600,000 $400,000
special character and is known as a residential
49 100 48
$200,000 $400,000
and agricultural gem with gorgeous bluffs
$0 $200,000
overlooking the ocean and beautiful beaches.
47 50 46 2010
2011
$0 2010
2012
2013
2014
Average Sale Price 2011 2012
Total SFH Sold 2013
2014
Average Sale Price
0
Total SFH Sold
2010
2011
2012
2013
2014
% Change (2014 v 2013)
AVERAGE LIST PRICE
$1,554,763
$546,066
$1,127,145
$1,196,879
$1,153,215
-4%
AVERAGE SOLD PRICE
$1,305,883
$513,499
$1,069,271
$1,106,443
$1,094,373
-1%
TOTAL SFH SOLD
54
50
53
49
52
6%
DISCOUNT RATIO
84%
94%
95%
92%
95%
SINGLE FAMILY HOMES | Q4
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $5,000,000
9
$4,500,000
8
$4,000,000
7
$3,500,000
HOPE RANCH
6
$3,000,000
The palm-lined community of Hope Ranch is a
$2,500,000
world of its own. Hope Ranch properties have
$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 living in the Santa Barbara area.
5 4 3 2 1
$500,000 $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
$5,391,429
$4,463,250
$3,051,250
$3,505,000
$2,589,125
-26%
AVERAGE SOLD PRICE
$4,452,143
$3,791,025
$2,946,125
$3,285,833
$2,364,750
-28%
TOTAL SFH SOLD
7
6
8
6
8
33%
DISCOUNT RATIO
83%
85%
97%
94%
91%
SINGLE FAMILY HOMES | Q4
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $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 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
$2,961,498
$2,054,312
$3,096,977
$3,798,987
$3,057,238
-20%
AVERAGE SOLD PRICE
$2,612,919
$1,905,244
$2,828,281
$3,422,400
$2,867,950
-16%
TOTAL SFH SOLD
57
41
87
52
40
-23%
DISCOUNT RATIO
88%
93%
91%
90%
94%
SINGLE FAMILY HOMES | Q4
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4 $1,000,000
160
$900,000
140
$800,000
120
GOLETA
$700,000 $600,000
100
Goleta lies approximately 15 miles west of
$500,000
80
$400,000
60
Santa Barbara. Formerly home to acres of avocados, lemons and oranges, Goleta real estate is built among the few remaining
$300,000
40
$200,000
20
$100,000
productive groves. Goleta enjoys fabulous
$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
$730,119
$599,208
$640,489
$950,738
$667,482
-30%
AVERAGE SOLD PRICE
$696,106
$566,522
$630,294
$905,158
$656,692
-27.5%
TOTAL SFH SOLD
98
103
133
135
113
-16%
DISCOUNT RATIO
95%
95%
98%
95%
98%
SINGLE FAMILY HOMES | Q4
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ON THE MARKET
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METROPOLITAN MARKETS NEW YORK, NY | Web: 0137477 | $3,350,000 HOUSTON, TX | Web: 1231893 | $3,150,000 SAN FRANCISCO, CA | Web: 0086812 | $3,195,000 RESORT MARKETS MALIBU, CA | Web: 1290076 | $3,295,000 PALM BEACH, FL | Web: 0076514 | $3,400,000 SANTA BARBARA, CA | Web: 0632314 | $3,200,000 FOREIGN MARKETS ISRAEL | Web: FZMR3K | $3,838,575 ENGLAND | Web: MQYOM4 | $3,505,219 MEXICO | Web: ZPWPDR | $3,250,000 sothebyshomes.com | sothebysrealty.com
SANTA BARBARA AREA SIGNIFICANT SALES | Q4 2014
MONTECITO | Montecito Valley Views | Offered at $5,900,000 | Montecito - Coast Village Road | Bob Lamborn 805.689.6800 | Bob represented the buyer.
SANTA BARBARA | Artful Architecture | Offered at $4,990,000
SANTA BARBARA | Ocean View | Offered at $4,285,000
MONTECITO | California Living | Offered at $3,995,000
Montecito - Coast Village Road | Suzanne Perkins 805.895.2138 Suzanne represented the seller.
Montecito - Coast Village Road | Maureen McDermut 805.570.5545 Maureen McDermut represented the seller.
Montecito - Upper Village Brokerage | Wade Hansen 805.689.9682 Wade represented the buyer.
SANTA BARBARA | On the Riviera | Offered at $3,950,000
MONTECITO | Sought-after Location | Offered at $3,495,000
SANTA YNEZ | Double J Ranch | Offered at $3,495,000
Santa Barbara | M. Calcagno 805.896.0876, N. Hamilton 805.451.4442 Michael & Nancy represented the seller.
Montecito - Coast Village Road | Kathleen St. James 805.705.0898 Kathleen St James represented the seller.
Santa Ynez Valley | Patty Murphy 805.680.8571 Patty represented the seller.
SANTA BARBARA | La Vista Views | Offered at $3,375,000
VENTURA | Cape Cod-Style | Offered at $3,200,000
MONTECITO | Luxury Residences | Offered at $3,050,000
Montecito - Coast Village Road | Nick Svensson 805.895.2957 Nick represented the buyer.
Montecito - Coast Village Road | Janet Caminite 805.896.7767 Janet represented the seller.
Santa Barbara | M. Calcagno 805.896.0876, N. Hamilton 805.451.4442 Michael & Nancy represented the seller.
SANTA BARBARA AREA SIGNIFICANT SALES | Q4 2014
MONTECITO | Montecito Farmhouse | Offered at $2,995,000
CARPINTERIA | Equestrian Retreat | Offered at $2,950,000
Montecito - Upper Village Brokerage | Cristal Clarke 805.886.9378 Cristal represented the seller.
Montecito - Coast Village Road | Suzanne Perkins 805.895.2138 Santa Barbara | Adam McKaig 805.452.6884 Suzanne represented the seller. Adam represented the buyer.
SANTA BARBARA | Tropical Retreat | Offered at $2,950,000 Montecito - Coast Village Road | Michelle Cook 805.570.3183, Bob Lamborn 805.689.6800, Maureen McDermut 805.570.5545 Michelle & Bob represented the seller. Maureen represented the buyer.
SANTA BARBARA | Neo Classical-style | Offered at $2,895,000
SANTA BARBARA | Classic Estate | Offered at $2,849,000
MONTECITO | Upper Village | Offered at $2,825,000
Montecito - Coast Village Road | Marilyn Rickard 805.452.8284 Marilyn represented the buyer.
Montecito - Coast Village Road | Janet Caminite 805.896.7767 Janet Caminite represented the seller.
Montecito - Coast Village Road | Nick Svensson 805.895.2957 Nick represented the seller.
MONTECITO | Luxury Residences | Offered at $2,600,000
MONTECITO | Montecito View Home | Offered at $2,575,000
Santa Barbara | M. Calcagno 805.896.0876, N. Hamilton 805.451.4442 Michael & Nancy represented the seller.
Montecito - Upper Village Brokerage | Cristal Clarke 805.886.9378 Cristal represented the seller.
SANTA BARBARA | Botanical Gardens Retreat | Offered at $2,495,000 Montecito - Coast Village Road | Jennifer Berger 805.451.5484 Santa Barbara Brokerage | Frank Hotchkiss 805.403.0668 Jennifer represented the seller. Frank represented the buyer.
SANTA BARBARA | Stunning Las Alturas | Offered at $2,350,000
SANTA BARBARA | Mediterranean-Style | Offered at $2,220,000
SANTA BARBARA | Hope Ranch Opportunity | Offered at $2,120,000
Montecito - Coast Village Road | Bob Lamborn 805.689.6800 Bob represented the seller.
Montecito - Upper Village Brokerage | Diane Randall 805.705.5252 Diane represented the buyer.
Santa Barbara | J. Krautmann 805.451.4527, D. McKnight 805.637.7772 Jay & Darcie represented the buyer.
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