MARKET REPORT santa barbara real estate · through august 2019
5162 Foothill Road
Lic #01206734
5162 FOOTHILL ROAD 2 Bedrooms | 2 Full/2 Half Baths | 11Âąreliable, acrebutAvocado Grove All information provided is deemed has not been verified & we do| notOffered guarantee it. at $5,750,000 We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through August 2019. View the property >
REVIEW IN NUMBERS august 2019 ytd · south santa barbara county
TOTAL SALES
1,326
(+9% change from 2018)
SINGLE FAMILY RESIDENCE SALES
883
(+7% change from 2018)
CONDOMINIUM SALES
443
(+13% change from 2018)
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 through August 2019.
Dear Friends, The 2019 school year is already well underway as we take a moment to review the August market statistics for South Santa Barbara County and the Santa Ynez Valley, and look ahead to the fourth quarter of 2019. August saw an increase in the number of listings in our county, however we still have a shortage of homes for sale, especially in the lower price points. The number of sales is still ahead of last year, although the gap is lessening. The median price is above last year by about 3.2%. This gradual increase has continued for the last five years and is projected to continue. The Santa Barbara market is a safe place to invest your money and an opportunity for buyers to act with confidence. Giving back to our local communities in Santa Barbara and the Santa Ynez Valley is very important to us at Village Properties. In 2002 we founded Teacher’s Fund, a non-profit that provides funding for our local teachers to purchase much needed basic supplies for their classrooms. Since then, the Teacher’s Fund has donated over $1.6 million to our local schools. 100% of the all funds raised go directly to local teachers for their classrooms.
On October 4th we will be hosting our annual fundraiser at our State Street office courtyard, a Back to School Supplies Drive Celebration to honor our local teachers! Taking it back to elementary school days we’ll be having a pizza party with Woodstock’s Pizza and an Ice Cream Social with Rori’s Artisanal Creamery. We’ll also have some fun lawn games, face painting, live music, a photo-booth, and, of course, adult beverages. We hope you will join us for the party and help supply a local classroom with the items they still need for the new school year www.tfsuppliesdrive.com. Fun Fact: There’s a company that specializes in building secret rooms and hidden passageways (one requires a chess board played in a certain combination to unlock). Thank you to our clients who continue to choose Village Properties as their company of choice. We are proud to serve you with excellence and care. 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 through August 2019.
18 LA FLETCHA 3 Bedrooms | 2 Bathrooms | Offered at $1,299,000 View the property >
2745 MIRADERO DRIVE 3 Bedrooms | 2 Bathrooms | Offered at $1,150,000 View the property >
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 through August 2019.
SINGLE FAMILY south santa barbara county · august 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,900,164
$1,250,000
+8% change from 2018
+4% change from 2018
CONDOMINIUM south santa barbara county · august 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$783,308
$695,000
-1% change from 2018
+2% change from 2018
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 through August 2019.
1485 MANZANITA STREET 3 Bedrooms | 2 Bathrooms | isOffered atbut$865,000 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 through August 2019. View the property >
CARPINTERIA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
62
55
average sales price · YTD
average sales price · YTD
$2,560,766
$552,618
median sales price · YTD
median sales price · YTD
$1,050,000
$545,000
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 through August 2019.
SUMMERLAND
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
12
2
average sales price · YTD
average sales price · YTD
$1,472,500
$949,500
median sales price · YTD
median sales price · YTD
$1,450,000
$949,500
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 through August 2019.
2567 2173 BANNER LILLIE AVENUE 5 Bedrooms - Bedrooms | 4| Bathrooms - Bathrooms | Offered | Offered at at $1,950,000 $---,000 villagesite.com/property/details/18-2445/------View the property >
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 through August 2019.
956 MARIPOSA LANE 5 Bedrooms | 7 Bathrooms | isOffered atbut$14,500,000 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 through August 2019. View the property >
MONTECITO
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
116
18
average sales price · YTD
average sales price · YTD
$4,130,134
$1,835,806
median sales price · YTD
median sales price · YTD
$2,855,500
$1,411,250
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 through August 2019.
SANTA BARBARA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
421
172
average sales price · YTD
average sales price · YTD
$1,460,084
$853,601
median sales price · YTD
median sales price · YTD
$1,267,500
$755,000
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 through August 2019.
3005 PASEO TRANQUILLO 2 Bedrooms | 1 Bathrooms | Detached Studio | Offered at $1,139,000 View the property >
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 through August 2019.
4161 CRECIENTE DRIVE 4 Bedrooms | 4.5 AllBathrooms | deemed Offered athas$7,850,000 information provided is reliable, but not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through August 2019. View the property >
HOPE RANCH
SINGLE FAMILY RESIDENCES total sales · YTD
26 average sales price · YTD
$4,621,846 median sales price · YTD
$2,924,000
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 through August 2019.
GOLETA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
246
196
average sales price · YTD
average sales price · YTD
$1,168,488
$688,003
median sales price · YTD
median sales price · YTD
$995,250
$693,250
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 through August 2019.
7906 WINCHESTER CIRCLE 4 Bedrooms | 3 Bathrooms | Offered at $1,250,000 View the property >
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 through August 2019.
4506 CREEK LANE 4 Bedrooms | 3.5 All Bathrooms Offered athas$2,975,000 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 through August 2019. View the property >
OUR MISSION Forging lasting personal relationships with customers is at the core of our success and we pride ourselves on keeping clients for life. We credit our devoted team of agents for keeping our clients satisfied and we’re firm believers in developing and sustaining these long-term relationships. We’re committed to developing agents into passionate professionals that offer unparalleled service on the job and are dedicated to community involvement off the clock. 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 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 through August 2019.