MARKET REPORT santa barbara real estate · through may 2019
36 Canon View Road
Lic #01206734
36 CANON VIEW ROAD 2 Bedrooms | 2.5 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 May 2019. View the property >
REVIEW IN NUMBERS may 2019 ytd · south santa barbara county
TOTAL SALES
770
(+16% change from 2018)
SINGLE FAMILY RESIDENCE SALES
511
(+1% change from 2018)
CONDOMINIUM SALES
259
(+29% 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 May 2019.
Dear Friends, I am pleased to bring you the Real Estate Market Report for May, 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. School is out and it is time to celebrate summer fun and holidays. Traditionally this is a time of year when people move, homes are listed, and lifestyle changes ensue. Our experienced, well-trained agents understand our local market and are among the best to help bring these exciting life changes into reality for our clients. I recently attended a local economic forecast presentation where the speaker confirmed the homesales trends we are seeing in our local market. Locally the number of sales are up, even though sales statewide are not. Inventory is increasing, giving buyers more choice. We are enjoying activity in all price ranges and there is no indication of an imminent recession in our area. We have a vibrant market in Santa Barbara and the Santa Ynez Valley. Interestingly, 80% of buyers in our area are purchasing homes as their primary residence. Out-of-area buyers make up 32% of all buyers.
Village Properties ensures that our agents understand our local market, making them the best choice for both sellers and buyers. We work with Affiliates from all over the state, across the country, and the globe, marketing our listings to those specific areas we know buyers are coming from for that particular property. Understanding the current market trends in our neighborhoods means that we know how to help buyers find the home that is right for them in today’s market. ** Fun Fact: From 1908-1940 Sears, Roebuck & Co. sold about 70,000-75,000 mail order houses. They arrived as a kit & came with most modern conveniences. 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 May 2019.
570 RONDA DRIVE 6 Bedrooms | 5 Bathrooms | Offered at $1,395,000 View the property >
1121 SAN ANDRES STREET C 2 Bedrooms | 2 Bathrooms | Offered at $630,000 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 May 2019.
SINGLE FAMILY south santa barbara county · may 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,933,925
$1,285,000
+8.6% change from 2018
+5% change from 2018
CONDOMINIUM south santa barbara county · may 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$783,555
$700,000
-6% change from 2018
+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 May 2019.
5405 SHEMARA STREET 4 Bedrooms | 2 Bathrooms | isOffered atbut$835,000 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 May 2019. View the property >
CARPINTERIA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
39
30
average sales price · YTD
average sales price · YTD
$1,889,282
$530,733
median sales price · YTD
median sales price · YTD
$1,100,000
$615,000
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 May 2019.
SUMMERLAND
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
5
1
average sales price · YTD
average sales price · YTD
$1,689,000
$799,000
median sales price · YTD
median sales price · YTD
$1,745,000
$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 May 2019.
22742173 WHITNEY LILLIE AVENUE 5 Bedrooms - Bedrooms | 3| Bathrooms - Bathrooms | Offered | Offered at at $1,495,000 $---,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 May 2019.
811 CAMINO VIEJO 5 Bedrooms | 5 Bathrooms | isOffered atbut$7,995,000 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 May 2019. View the property >
MONTECITO
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
68
9
average sales price · YTD
average sales price · YTD
$4,258,493
$2,072,278
median sales price · YTD
median sales price · YTD
$2,901,750
$1,525,000
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 May 2019.
SANTA BARBARA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
250
95
average sales price · YTD
average sales price · YTD
$1,496,535
$873,065
median sales price · YTD
median sales price · YTD
$1,286,000
$779,000
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 May 2019.
2412 CHAPALA STREET 3 Bedrooms | 2 Bathrooms | Offered at $1,295,000 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 May 2019.
465 VIA DICHOSA 4 Bedrooms | 4 Bathrooms | isOffered atbut$4,700,000 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 May 2019. View the property >
HOPE RANCH
SINGLE FAMILY RESIDENCES total sales · YTD
15 average sales price · YTD
$6,055,800 median sales price · YTD
$4,350,000
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 May 2019.
GOLETA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
134
124
average sales price · YTD
average sales price · YTD
$1,131,046
$682,484
median sales price · YTD
median sales price · YTD
$997,500
$678,500
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 May 2019.
5323 ORCHARD PARK LANE 4 Bedrooms | 3 Bathrooms | Offered at $1,330,000 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 May 2019.
1008 SAN ANTONIO CREEK 5 Bedrooms | 4 Bathrooms | isOffered atbut$2,395,000 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 May 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