MARKET REPORT santa barbara real estate · through february 2019
808 San Ysidro Lane
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808 SAN YSIDRO LANE 6 Bedrooms | 7 Bathrooms | Offered at $6,725,000 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 Feb 2019. villagesite.com/property/details/18-4151/808-san-ysidro-ln-montecito
REVIEW IN NUMBERS february 2019 ytd · south santa barbara county
TOTAL SALES
239
(+19% change from 2018)
SINGLE FAMILY RESIDENCE SALES
164
(+12% change from 2018)
CONDOMINIUM SALES
75
(+36% 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 Feb 2019.
Dear Friends, I am pleased to bring you the Real Estate Market Report for February, 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, Santa Ynez Valley, and beyond. As we step into the beauty of Spring we are thankful for all the rains that came to Santa Barbara over the past few months, filling up our vastly depleted water reservoirs. Our previously blackened mountains are now vibrantly green and bursting with life, a reminder of how everything runs in cycles. The Real Estate market definitely runs in cycles and I am happy to report an uptick in the market for February. Home sales were the highest of the last six years, with more high priced sales as well. The number of homes listed in the MLS also increased to the highest level in the last six years. This is great news for buyers, giving them more choices than they have seen for a while. At the annual Santa Barbara Association of Realtors Real Estate Market Update Conference this February, the California Association of Realtors Economist, Jordan Levine was the keynote speaker. When asked when is the best time to buy real estate, he answered “20 years ago, or right now. Twenty years ago was right before the big run-up and now you are buying at the prices of 12 years ago.�
If you are thinking about buying or selling, now is clearly a great time to do so. Let one of Village Properties highly knowledgeable real estate professionals assist you, and make the most of this strengthening market. **Fun Fact: The world’s largest treehouse has over 80 rooms, 10 floors and took the builder over 14 years to build.** While Village Properties does not currently have any tree-houses for sale, we do have some pretty awesome homes for sale. Thank you to those of you who use Village Properties for your Real Estate needs. We feel honored to serve you. We warmly welcome new clients and look forward to helping you buy or sell a home in 2019. 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 Feb 2019.
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5 RINCON VISTA 4 Bedrooms | 3 Bathrooms | Offered at $1,995,000 villagesite.com/property/details/19-399/5-rincon-vista-rd-santa-barbara
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2030 STATE STREET #14 1 Bedroom | 1 Bathroom | Offered at $695,000 villagesite.com/property/details/19-765/2030-state-st-14-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 through Feb 2019.
SINGLE FAMILY south santa barbara county · february 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$2,229,276
$1,307,000
+25% change from 2018
+3.3% change from 2018
CONDOMINIUM south santa barbara county · february 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$763,827
$681,000
+2.3% change from 2018
+11% 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 Feb 2019.
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3330 FOOTHILL ROAD 3 Bedrooms | 3 Bathrooms | isOffered atbut4,800,000 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 Feb 2019. villagesite.com/property/details/19-534/3330-foothill-rd-carpinteria
CARPINTERIA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
21
6
average sales price · YTD
average sales price · YTD
$1,7 17,667
$543,167
median sales price · YTD
median sales price · YTD
$1,000,000
$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 Feb 2019.
SUMMERLAND
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
3
1
average sales price · YTD
average sales price · YTD
$1,848,333
$799,000
median sales price · YTD
median sales price · YTD
$1,900,000
$799,000
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 Feb 2019.
2173 LILLIE AVENUE 3 Bedrooms - Bedrooms| 2 | Bathrooms - Bathrooms| |Offered Offered atat $1,195,000 $---,000 villagesite.com/property/details/19-522/2173-lillie-ave-summerland villagesite.com/property/details/18-2445/-------
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 Feb 2019.
2180 ALISOS DRIVE 4 Bedrooms | 4 Bathrooms | isOffered atbut$2,695,000 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 Feb 2019. villagesite.com/property/details/19-766/2180-alisos-dr-santa-barbara
MONTECITO
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
20
1
average sales price · YTD
average sales price · YTD
$4,824,300
$1,568,000
median sales price · YTD
median sales price · YTD
$2,500,000
$1,568,000
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 Feb 2019.
SANTA BARBARA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
73
35
average sales price · YTD
average sales price · YTD
$1,57 1,381
$917,37 1
median sales price · YTD
median sales price · YTD
$1,300,000
$835,000
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 Feb 2019.
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3647 ROCKCREEK ROAD 4 Bedrooms | 3 Bathrooms | Offered at $1,695,000 villagesite.com/property/details/19-759/3647-rockcreek-rd-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 through Feb 2019.
4280 VIA ESPERANZA 5 Bedrooms | 7 Bathrooms | isOffered atbut$9,450,000 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 Feb 2019. villagesite.com/property/details/18-3521/4280-via-esperanza-santa-barbara
HOPE RANCH
SINGLE FAMILY RESIDENCES total sales · YTD
6 average sales price · YTD
$7,983,167 median sales price · YTD
$5,425,000
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 Feb 2019.
GOLETA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
40
32
average sales price · YTD
average sales price · YTD
$1,169,113
$611,031
median sales price · YTD
median sales price · YTD
$1,002,500
$590,000
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 Feb 2019.
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100 SANDERLING LANE Bedrooms Bathrooms | Offered at $1,195,000 All information provided 4 is deemed reliable, but has| not3.5 been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Feb 2019. villagesite.com/property/details/19-464/100-sanderling-lane-santa-barbara
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2480 FOOTHILL ROAD 4 Bedrooms | 3.5 All Bathrooms Offered athas$2,295,000 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 Feb 2019. villagesite.com/property/details/19-568/2480-foothill-rd-santa-barbara
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