MARKET REPORT santa ynez valley real estate · through march 2019
1880 Mora Avenue
1880 MORA AVENUE 4 Bedrooms | 5 Bathrooms | Offered at but $5,900,000 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 Mar 2019. villagesite.com/property/details/19-1092/1880-mora-ave-santa-ynez
REVIEW IN NUMBERS march 2019 ytd · santa ynez valley
TOTAL SALES
51
SINGLE FAMILY RESIDENCE SALES
42
(-29% change from 2018)
CONDOMINIUM SALES
9
(+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 Mar 2019.
Dear Friends, I am pleased to bring you the Real Estate Market Report for March, 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. Homes sales for the first quarter of 2019 are off to a strong start, 21% above last year. The inventory of homes available remains steady. Interest rates for 15 and 30 year fixed rates are staying low, between 3.75% and 4.125%, making it easier for buyers to qualify for home purchasing. The median home price in our area is inching up. It is a good time for buyers to take advantage of the slowly rising market. This month Village Properties celebrated the opening of our fifth office in the beautiful new mixeduse building at 1296 Coast Village Road in Montecito. Nestled between Heather James Fine Art and Folded Hills Tasting Room, we are in another great location for our agents to meet with clients, old and new. As we continue to grow, we never forget the founding values of our company. We are dedicated to being the highest quality full-service real estate company in our community, comprised of agents who
are dedicated, highly trained and competent real estate professionals. We put our buyers and sellers at the center of our services, making them feel welcome and valued, providing them a world-class experience, using our portfolio of local and global brands. Thank you for trusting Village Properties as your local real estate company of choice. We feel honored to serve you. We offer up-to-the-minute real estate market data for our local area, and have the very best tools to assist our buyers and sellers with their real estate needs throughout 2019. ** Fun Fact: There’s a building in Japan with a highway going through its fifth, sixth and seventh floors. The highway is listed as the tenant on all three floors. ** 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 Mar 2019.
547 AEBELTOFT WAY, SOLVANG 3 Bedrooms | 3 Bathrooms | Offered at $995,000 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 Mar 2019. villagesite.com/property/details/19-868/547-aebeltoft-way-solvang
SINGLE FAMILY santa ynez valley · march 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,286,051
$867,500
+18% change from 2018
+5.2% change from 2018
CONDOMINIUM santa ynez valley · march 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$486,597
$492,000
-12% change from 2018
+9.3% 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 Mar 2019.
420 DOGWOOD DRIVE 4 Bedrooms | 4 Bathrooms | Offered at but $785,000 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 Mar 2019. villagesite.com/property/details/19-820/420-dogwood-dr-buellton
BUELLTON
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
9
5
average sales price · YTD
average sales price · YTD
$552,078
$513,875
median sales price · YTD
median sales price · YTD
$563,000
$544,375
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 Mar 2019.
SOLVANG / BALLARD SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
16
4
average sales price · YTD
average sales price · YTD
$1,386,988
$452,500
median sales price · YTD
median sales price · YTD
$915,300
$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 through Mar 2019.
1777 COTTONWOOD STREET 2 Bedrooms + Den | 2 Bathrooms | Offered at $699,000 villagesite.com/property/details/19-1180/1777-cottonwood-st-ballard
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 Mar 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 Mar 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 Mar 2019.
SANTA YNEZ
SINGLE FAMILY RESIDENCES total sales · YTD
10 average sales price · YTD
$1,597,944 median sales price · YTD
$1,294,500
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 Mar 2019.
1062 HIGHLAND ROAD 5 Bedrooms | 5 Bathrooms | Offered at $1,450,000 villagesite.com/property/details/19-963/1062-highland-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 through Mar 2019.
993 FREDENSBORG CANYON ROAD 3 Bedrooms | 3 Bathrooms | Offered at $1,195,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it. villagesite.com/property/details/19-1048/993-fredensborg-canyon-rd-solvang We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Mar 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