MARKET REPORT santa ynez valley real estate · through may 2019
3930 Indian Way
Lic #01206734
3930 INDIAN WAY 4 Bedrooms | 5 Bathrooms | Offered at but $5,400,000 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 May 2019. View the property >
REVIEW IN NUMBERS may 2019 ytd · santa ynez valley
TOTAL SALES
100
SINGLE FAMILY RESIDENCE SALES
84
(-17% change from 2018)
CONDOMINIUM SALES
16
(+78% 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.
475 PHEASANT CANYON COURT 4 Bedrooms | 3.5 All Bathrooms | Offered at $789,000 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. View the property >
SINGLE FAMILY santa ynez valley · may 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,096,635
$792,500
-3% change from 2018
-5.5% change from 2018
CONDOMINIUM santa ynez valley · may 2019 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$496,617
$490,000
-0.1% change from 2018
+9% 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.
466 HAWK CANYON COURT 4 Bedrooms | 4 Bathrooms | Offered at but $780,000 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 May 2019. View the property >
BUELLTON
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
14
9
average sales price · YTD
average sales price · YTD
$586,635
$503,819
median sales price · YTD
median sales price · YTD
$589,093
$504,000
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.
SOLVANG / BALLARD SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
38
7
average sales price · YTD
average sales price · YTD
$1,143,263
$487,357
median sales price · YTD
median sales price · YTD
$867,000
$460,000
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.
596 RANCH LANE 4 Bedrooms | 3 Bathrooms | Offered at $749,000 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.
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 May 2019. View the property >
LOS OLIVOS
SINGLE FAMILY RESIDENCES total sales · YTD
9 average sales price · YTD
$1,269,028 median sales price · YTD
$1,121,250
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 May 2019.
SANTA YNEZ
SINGLE FAMILY RESIDENCES total sales · YTD
23 average sales price · YTD
$1,262,573 median sales price · YTD
$890,000
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.
3421 NUMANCIA STREET 2 Bedrooms | 1.5 Bathrooms | Offered at $575,000 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.
1105 FREDENSBORG CANYON ROAD 3 Bedrooms | 5 Bathrooms | Offered at $3,695,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it. View the property > We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through May 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