Santa Barbara Real Estate Report | April 2018

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APRIL real estate market report | 2018

4178 CRESTA AVE


4178 CRESTA AVENUE 5 Bedrooms | 5.5 All Bathrooms Guest House | Offered atnot$7,300,000 information provided |is deemed reliable, but has not been verified & we do guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018. villagesite.com/property/details/18-1547/4178-cresta-ave-santa-barbara


IN SUMMARY south santa barbara county

TOTAL SALES

153

(+3% change from 2017)

SINGLE FAMILY RESIDENCE SALES

105

(-5% change from 2017)

CONDOMINIUM SALES

48

(+26% change from 2017)

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


IN SUMMARY south santa barbara county

The Santa Barbara South Coast real estate market remains vibrant! The median price for houses and PUDs, year to date, through the end of April 2018, compared to the same period last year, is up 7.5% and up 12.8% for condominiums. Inventory numbers for available houses and PUDs is down from last year--368 for April 2017 and 339 for April 2018. Looking deeper into the market data, we


see where months of inventory numbers remain stable for Santa Barbara and Goleta, 2.6 and 2.2 respectively, firmly in sellers’ market territory, whereas Montecito, still in recovery from the recent events, has 10 months of inventory for April 2018, compared to 4.8 last year. Contact your Realtor for an update on opportunities for buyers and sellers in our local dynamic real estate market!

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


3 CARRIZO DRIVE 4 Bedrooms | 3.5 Bathrooms | Offered at $2,450,000 villagesite.com/property/details/18-1511/3-carrizo-dr-santa-barbara

401 CHAPALA STREET 215 1 Bedroom | 1.5 Bathrooms | Offered at $1,180,000 villagesite.com/property/details/18-1058/401-chapala-st-215-santa-barbara All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


SINGLE FAMILY south santa barbara county

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,434,567

$1,185,000

-6% change from 2016

-1% change from 2016

CONDOMINIUM south santa barbara county

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$780,729

$621,000

+6% change from 2016

+3% change from 2016

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


4759 DORRANCE WAY 3 Bedrooms | 3 Bathrooms | isOffered atbut$1,175,000 All information provided deemed reliable, has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018. villagesite.com/property/details/18-1551/4759-dorrance-way-carpinteria


CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

6

7

average sales price

average sales price

$842,167

$782,929

median sales price

median sales price

$842,500

$542,000

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

1

0

average sales price

average sales price

$1,517,500

N/A

median sales price

median sales price

$1,517,500

N/A

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


170 OLIVE STREET 3 Bedrooms | 3 Bathrooms | Offered at $1,795,000 villagesite.com/property/details/18-1290/170-olive-st-summerland

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


1360 EAST VALLEY ROAD 5 Bedrooms | 4.5 All Bathrooms Offered athas$3,450,000 information provided |is deemed reliable, but not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018. villagesite.com/property/details/18-1063/1360-e-valley-rd-santa-barbara


MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

4

2

average sales price

average sales price

$3,423,500

$2,492,500

median sales price

median sales price

$1,725,000

$2,492,500

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

57

29

average sales price

average sales price

$1,436,474

$743,914

median sales price

median sales price

$1,262,000

$690,000

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


1600 SHORELINE DRIVE 4 Bedrooms | 3.5 Bathrooms | Offered at $2,600,000 villagesite.com/property/details/18-1518/1600-shoreline-dr-santa-barbara All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


4191 MARIPOSA DRIVE 6 Bedrooms | 9 Bathrooms | isGuest House | been Offered atdo $9,350,000 All information provided deemed reliable, but has not verified & we not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018. villagesite.com/property/details/18-1553/4191-mariposa-dr-santa-barbara


HOPE RANCH

SINGLE FAMILY RESIDENCES total sales

4 average sales price

$3,283,750 median sales price

$3,262,500

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

33

10

average sales price

average sales price

$1,07 1,242

$543,600

median sales price

median sales price

$923,000

$575,000

All information provided is deemed reliable, but has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018.


4663 VINTAGE RANCH LANE Bedrooms | not3.5 | Offered at $2,150,000 All information provided4is deemed reliable, but has beenBathrooms verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018. villagesite.com/property/details/18-907/4663-vintage-ranch-ln-santa-barbara


729 MISSION CANYON ROAD 4 Bedrooms | 3 Bathrooms | isOffered atbut$2,375,000 All information provided deemed reliable, has not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT April 2018. villagesite.com/property/details/17-2589/729-mission-canyon-rd-santa-barbara


WRAPPING UP south santa barbara county

Are you ready to take advantage of this market? The Santa Barbara real estate market has opportunities for both buyers and sellers. Contact your Village Properties agent today! The numbers included in this report are from CORT and courtesy of Fidelity National Title.

MONTECITO 1250 Coast Village Road, Montecito, CA 93108 | 805.969.8900 SANTA BARBARA 1436 State Street, Santa Barbara, CA 93101 | 805.681.8800 SANTA YNEZ 3615 Sagunto Street, Santa Ynez, CA 93460 | 805.688.1620


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