MARKET REPORT santa ynez valley real estate · august year to date 2018
1051 Croft Lane
1051 CROFT LANE 4 Bedrooms | 5 Bathrooms | Offered at but $3,950,000 All information provided is 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/18-2238/1051-croft-ln-solvang
REVIEW IN NUMBERS august 2018 · santa ynez valley · year to date
TOTAL SALES
200 SINGLE FAMILY RESIDENCE SALES
182
(0% change from 2017)
CONDOMINIUM SALES
18
(+5.9% 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.DatatakenfromCORTJan-Aug2018.
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.
1632 EUCALYPTUS DRIVE A 2 Bedrooms | 2 Bathrooms | Offered at $419,000 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. villagesite.com/property/details/18-3230/1682-eucalyptus-dr-a-solvang
SINGLE FAMILY santa ynez valley · year to date
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,168,858
$852,500
+8.5% change from 2017
+5.6% change from 2017
CONDOMINIUM santa ynez valley · year to date
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$468,583
$432,500
-0.3% change from 2017
+6.8% 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.
541 LEHIGH LANE 2 Bedrooms | 3 Bathrooms | Offered at $450,000 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. villagesite.com/property/details/18-2954/541-lehigh-ln-buellton
BUELLTON
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
29
9
average sales price · YTD
average sales price · YTD
$838,141
$430,222
median sales price · YTD
median sales price · YTD
$640,000
$420,000
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.
SOLVANG / BALLARD SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
93
9
average sales price · YTD
average sales price · YTD
$954,903
$506,944
median sales price · YTD
median sales price · YTD
$840,000
$435,000
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.
687 ALISAL ROAD 3 Bedrooms | 3 Bathrooms | Offered at $949,000 villagesite.com/property/details/18-2702/687-alisal-rd-solvang
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.
2678 SANTA BARBARA AVENUE 3 Bedrooms | 3 Bathrooms | Offered at $1,695,000 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. villagesite.com/property/details/18-1354/2678-santa-barbara-ave-los-olivos
LOS OLIVOS
SINGLE FAMILY RESIDENCES total sales · YTD
6 average sales price · YTD
$1,354,583 median sales price · YTD
$1,003,750
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 YNEZ
SINGLE FAMILY RESIDENCES total sales · YTD
54 average sales price · YTD
$1,667,346 median sales price · YTD
$1,470,000
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.
3791 LIVE OAK ROAD 3 Bedrooms | 3 Bathrooms | Offered at $1,995,000 villagesite.com/property/details/18-1943/3791-live-oak-rd-santa-ynez
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.
545 PINE STREET 3 Bedrooms | 3 Bathrooms | Offered at $849,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it. villagesite.com/property/details/18-3166/545-pine-st-solvang We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT Jan-Aug 2018.
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