MARKET REPORT santa barbara real estate · through september 2020
110 SUMMIT LANE
Lic #01206734
110 SUMMIT LANE 5 Bedrooms | 4 FullAll Bathrooms 1 Half Bathroom Offered atguarantee $4,975,000 information provided is| deemed reliable, but has not been|verified & we do not it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Sept 2020. View the property >
REVIEW IN NUMBERS september 2020 ytd · south santa barbara county
TOTAL SALES
1,416 SINGLE FAMILY RESIDENCE SALES
1,020
CONDOMINIUM SALES
396 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 Sept 2020.
Dear Clients, Friends and Family, It is hard to believe it is mid October and we are headed toward the Holidays! On one hand it feels like yesterday when we were ordered to close our doors and not conduct real estate sales in the manner we had been doing for so many years. And on the other, looking back at all the changes we have had to adapt to, it has been all of those 7 months. We certainly could not have predicted the tremendous surge in home sales and median prices that we are now witnessing. As our Market Report shows the upward trend began in June and has climbed steadily with September showing by far the highest number of sales and prices in a long time. The median sales price is up 15% and the number of sales is up compared to the same time last year. Pending sales for September are also up 50% indicating that October will be another strong month with no sign of any imminent slow down in the market. The demand for Santa Barbara and Santa Ynez homes continues to climb. Buyers are making decisions to purchase a new home based on the fact that they are spending more time at home, and need more work space and amenities. Many businesses are making the decision not to reopen their offices, requiring employees to continue to work from home indefinitely. This means that homeowners can now live wherever they want because they no longer need to live near their place of work.
Santa Barbara and Santa Ynez are certainly very appealing locations and we are seeing many people relocate to the safety and lifestyle offered here. This should continue to drive our values up. A Huge Thank You to those who have helped with our Back to School Supplies Drive for our local teachers. As you know we are doing our best to help our teachers adapt to virtual and in-classroom teaching. If you are thinking about selling or buying a home in the near future, please reach out to one of our knowledgeable Village Properties agents. They understand the intricacies of our market, and have the tools and expertise to assist with all aspects of a real estate transaction in this fast moving market. We are proud to be local and support our beautiful communities through these constantly changing times, and thank you for choosing Village Properties. We are disappointed that our offices will not be open for Trick or Treaters this year but we will look forward to seeing them next year. Stay safe out there 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 Sept 2020.
1620 PAYERAS STREET 3 Bedrooms | 2 Bathrooms | Offered at $1,595,000 View the property >
3340 MCCAW AVENUE 206 2 Bedrooms | 2 Bathrooms | Offered at $695,000 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 Sept 2020.
SINGLE FAMILY south santa barbara county · september 2020 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$2,202,042
$1,467,250
+15% change from 2019
+17% change from 2019
CONDOMINIUM south santa barbara county · september 2020 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$872,201
$735,000
+12% change from 2019
+6% change from 2019
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 Sept 2020.
3375 FOOTHILL ROAD #122 2 Bedrooms | 2 Bathrooms | isOffered atbut$749,000 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 Sept 2020. View the property >
CARPINTERIA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
62
45
average sales price · YTD
average sales price · YTD
$1,873,202
$688,311
median sales price · YTD
median sales price · YTD
$1,077,000
$540,000
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 Sept 2020.
SUMMERLAND
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
22
3
average sales price · YTD
average sales price · YTD
$2,581,659
$697,667
median sales price · YTD
median sales price · YTD
$1,561,250
$700,000
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 Sept 2020.
25212173 WHITNEY LILLIE AVENUE - Bedrooms 4 Bedrooms | | -3Bathrooms Bathrooms | | Offered Offered atat $2,095,000 $---,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 Sept 2020.
735 FUERA LANE 5 Bedrooms | 6 Full Bathrooms | 1 reliable, HalfbutBathrooms | weOffered atit. $9,950,000 All information provided is deemed has not been verified & do not guarantee We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Sept 2020. View the property >
MONTECITO
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
214
33
average sales price · YTD
average sales price · YTD
$4,403,460
$1,741,000
median sales price · YTD
median sales price · YTD
$3,500,000
$1,7 12,500
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 Sept 2020.
SANTA BARBARA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
459
17 1
average sales price · YTD
average sales price · YTD
$1,537,277
$910,198
median sales price · YTD
median sales price · YTD
$1,350,000
$775,000
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 Sept 2020.
18 WEST VICTORIA STREET 310 1 Bedroom | 1.5 Bathrooms | Offered at $1,725,000 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 Sept 2020.
4655 VIA HUERTO 2 Bedrooms | 2 Bathrooms | isOffered atbut$3,250,000 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 Sept 2020. View the property >
HOPE RANCH
SINGLE FAMILY RESIDENCES total sales · YTD
35 average sales price · YTD
$4,260,552 median sales price · YTD
$3,485,000
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 Sept 2020.
GOLETA
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
228
144
average sales price · YTD
average sales price · YTD
$1,210,867
$689,080
median sales price · YTD
median sales price · YTD
$1,047,750
$7 17,500
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 Sept 2020.
383 CANNON GREEN DRIVE D 3 Bedrooms | 1.5 Bathrooms | Offered at $675,000 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 Sept 2020.
900 CHELHAM WAY 4 Bedrooms | 3.5 All Bathrooms Offered athas$1,850,000 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 Sept 2020. 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 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 Sept 2020.