MARKET REPORT santa ynez valley real estate · through february 2019
7735 Happy Canyon Road
7735 HAPPY CANYON ROAD 5 Bedrooms | 5 Bathrooms | Offered at $6,600,000 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/19-523/7735-happy-canyon-rd-santa-ynez
REVIEW IN NUMBERS february 2019 ytd · santa ynez valley
TOTAL SALES
32
(+3% change from 2018)
SINGLE FAMILY RESIDENCE SALES
26
(-10% change from 2018)
CONDOMINIUM SALES
6
(+200% 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.
2101 DERMANAK DRIVE 4 Bedrooms | 4 Bathrooms | Offered at $2,795,000 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/18-3936/2101-dermanak-dr-solvang
SINGLE FAMILY santa ynez valley · february 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,288,019
$887,000
-7% change from 2018
-1% change from 2018
CONDOMINIUM santa ynez valley · februady 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$483,729
$502,188
+11% change from 2018
+15% 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.
213 TERI SUE LANE 4 Bedrooms | 2 Bathrooms | Offered at but $619,000 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 through Feb 2019. villagesite.com/property/details/19-591/213-teri-sue-ln-buellton
BUELLTON
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
3
4
average sales price · YTD
average sales price · YTD
$557,167
$519,344
median sales price · YTD
median sales price · YTD
$565,000
$550,188
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.
SOLVANG / BALLARD SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
9
2
average sales price · YTD
average sales price · YTD
$1,046,333
$412,500
median sales price · YTD
median sales price · YTD
$875,000
$412,500
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 Feb 2019.
2096 STILL MEADOW ROAD 4 Bedrooms | 3 Bathrooms | Offered at $1,495,000 villagesite.com/property/details/19-87/2096-still-meadow-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 through Feb 2019.
6903 FOXEN CANYON ROAD 5 Bedrooms | 7 Bathrooms | Offered at $16,500,000 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/18-522/6903-foxen-canyon-rd-los-olivos
LOS OLIVOS
SINGLE FAMILY RESIDENCES total sales · YTD
7 average sales price · YTD
$1,373,57 1 median sales price · YTD
$1,170,000
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 YNEZ
SINGLE FAMILY RESIDENCES total sales · YTD
7 average sales price · YTD
$1,826,429 median sales price · YTD
$1,355,800
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.
2881 BASELINE AVENUE 4 Bedrooms | 3 Bathrooms | Offered at $2,200,000 villagesite.com/property/details/19-15/2881-baseline-ave-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 through Feb 2019.
3200-3201 CABALLO ROAD 5 Bedrooms | 5 Bathrooms | Offered at $2,995,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it. villagesite.com/property/details/17-3891/3200-3201-caballo-rd-santa-ynez We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Feb 2019.
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