MARKET REPORT santa barbara real estate ¡ august year to date 2018
1155 Hill Road, Montecito
1155 HILL ROAD, MONTECITO 4 Bedrooms | 4 Bathrooms | isOffered atbut$9,500,000 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 Jan - Aug 2018. villagesite.com/property/details/18-2125/1155-hill-rd-montecito
REVIEW IN NUMBERS august 2018 ytd · south santa barbara county
TOTAL SALES
1,219
(-1% change from 2017)
SINGLE FAMILY RESIDENCE SALES
827
(-6% change from 2017)
CONDOMINIUM SALES
392
(+14% 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 Jan - Aug 2018.
Dear Friends, I am pleased to bring you the Real Estate Market Report for August, keeping you in the know and up to date on the latest activity and trends in the communities we serve in South Santa Barbara County and Santa Ynez Valley. I am happy to report that August sales have taken a jump. The number of closed sales in August was the highest of the year, and also the highest for August sales in the last 6 years. Inventory is up and there are more choices for buyers. The median price is slowly increasing, showing the strength of the cycle and that there is potential for this strong trend to continue. The median home price has increased about 50% from the low point in 2008. Village Properties agents are strongly committed to giving our clients the highest quality service. We know how much this is appreciated, and it was no surprise to us that this August we were once again voted the #1 Real Estate Company in the Newspress Reader’s Choice Awards.
Not only do we take our work very seriously, but at Village Properties we also know how to support our local community while having fun at the same time. We hope you will join us for the Back-to-School Client Appreciation Ice-Cream Social on September 28th from 4-6pm at our Santa Barbara office. McConnell’s Big Blue ice-cream truck will be serving us mouth-watering treats. At this event we will also be raising funds for our local Santa Barbara County teachers through our non-profit Teachers Fund. We love celebrating all the wins we have, and we love giving back to our wonderful community. Warm Regards,
Renee Grubb Owner of Village Properties
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 Jan - Aug 2018.
707 JUANITA AVENUE On the Mesa | 4 Bedrooms | 2 Bathrooms | Offered at $1,445,000 villagesite.com/property/details/18-3179/707-juanita-ave-santa-barbara
56 BARRANCA AVENUE 10 2 Bedrooms | 2.5 Bathrooms | Offered at $849,000 villagesite.com/property/details/18-2988/56-barranca-ave-10-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 Jan - Aug 2018.
SINGLE FAMILY south santa barbara county · year to date
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,765,310
$1,200,000
+4% change from 2017
-2% change from 2017
CONDOMINIUM south santa barbara county · year to date
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$789,621
$679,000
+11% change from 2017
+11% 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 Jan - Aug 2018.
1220 FRANCISCAN COURT 5 3 Bedrooms | 2 Bathrooms | isOffered atbut$556,000 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 Jan - Aug 2018. villagesite.com/property/details/18-3127/1220-franciscan-ct-5-carpinteria
CARPINTERIA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
40
51
average sales price · YTD
average sales price · YTD
$1,204,788
$643,882
median sales price · YTD
median sales price · YTD
$972,000
$580,000
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 Jan - Aug 2018.
SUMMERLAND
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
8
4
average sales price · YTD
average sales price · YTD
$2,057,313
$762,750
median sales price · YTD
median sales price · YTD
$1,658,750
$780,000
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 Jan - Aug 2018.
170 OLIVE STREET 3 Bedrooms | 3 Bathrooms | Offered at $1,695,000 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 Jan - Aug 2018.
2220 EAST VALLEY ROAD 4 Bedrooms | 4 Bathrooms | isOffered atbut$3,750,000 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 Jan - Aug 2018. villagesite.com/property/details/18-3096/2220-e-valley-rd-santa-barbara
MONTECITO
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
91
16
average sales price · YTD
average sales price · YTD
$4,443,330
$1,945,97 1
median sales price · YTD
median sales price · YTD
$2,875,000
$1,440,000
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 Jan - Aug 2018.
SANTA BARBARA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
448
183
average sales price · YTD
average sales price · YTD
$1,390,602
$818,962
median sales price · YTD
median sales price · YTD
$1,250,000
$700,000
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 Jan - Aug 2018.
2470 CALLE ALMONTE 4 Bedrooms | 3 Bathrooms | Offered at $1,675,000 villagesite.com/property/details/18-3196/2470-calle-almonte-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 Jan - Aug 2018.
4178 CRESTA AVENUE 5 Bedrooms | 5.5 All Bathrooms Offered athas$7,300,000 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 Jan - Aug 2018. villagesite.com/property/details/18-1547/4178-cresta-ave-santa-barbara
HOPE RANCH
SINGLE FAMILY RESIDENCES total sales · YTD
30 average sales price · YTD
$5,056,250 median sales price · YTD
$3,722,500
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 Jan - Aug 2018.
GOLETA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
210
137
average sales price · YTD
average sales price · YTD
$1,029,7 19
$661,977
median sales price · YTD
median sales price · YTD
$909,500
$638,500
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 Jan - Aug 2018.
4677 SIERRA MADRE ROAD 3 Bedrooms + Office | not2.5 | Offered at $1,599,900 All information provided is 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 Jan - Aug 2018. villagesite.com/property/details/18-3274/4677-sierra-madre-rd-santa-barbara
525 EL SUENO ROAD 5 Bedrooms | 3 Bathrooms | isOffered atbut$1,595,000 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 Jan - Aug 2018. villagesite.com/property/details/18-3264/525-el-sueno-rd-santa-barbara
LOOKING FORWARD Village Properties offers unparalleled real estate services in Santa Barbara, California and the surrounding communities. Our knowledgeable, connected agents are committed to providing you with the finest professional real estate services available. For over 20 years Village Properties has earned a reputation for doing what is right and are proud to have grown a team of agents who are courteous, fair, loyal and trustworthy. Take advantage of today’s market. Contact your Village Properties agent today. The numbers included in this report are courtesy of Fidelity National Title.
SANTA YNEZ 3615 Sagunto Street, Santa Ynez, CA 93460 | 805.688.1620 MONTECITO 1250 Coast Village Road, Montecito, CA 93108 | 805.969.8900 SANTA BARBARA 1436 State Street, Santa Barbara, CA 93101 | 805.681.8800