MARKET REPORT santa ynez valley real estate · through september 2020
6903 FOXEN CANYON ROAD
Lic #01206734
6903 FOXEN CANYON ROAD
Rancho La Zaca | 5AllBedrooms | is5deemed Bathrooms |2 Bathrooms | Offered at $16,50 information provided reliable, but has notHalf been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Sept View the property >
00,000
REVIEW IN NUMBERS september 2020 ytd · santa ynez valley
TOTAL SALES
223
SINGLE FAMILY RESIDENCE SALES
197
CONDOMINIUM SALES
26 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
5200 ARMOUR RANCH ROAD Seven Oaks | An authentic English on abut100+ in &coveted Happy All information provided is Manor deemed reliable, has not acres been verified we do not guarantee it. Canyon We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Sept Offered at $11,900,000 | View the property >
SINGLE FAMILY santa ynez valley · september 2020 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$1,472,903
$959,700
+36% change from 2019
+17% change from 2019
CONDOMINIUM santa ynez valley · september 2020 ytd
AVERAGE SALES PRICE
MEDIAN SALES PRICE
$476,219
$450,250
-7% change from 2019
-8% 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
330 W HWY 246 SPC 202 2 Bedrooms | 2 Bathrooms | Offered at $182,000 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 View the property >
BUELLTON
SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
42
14
average sales price · YTD
average sales price · YTD
$785,819
$502,228
median sales price · YTD
median sales price · YTD
$7 10,000
$508,450
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
SOLVANG / BALLARD SINGLE FAMILY RESIDENCES
CONDOMINIUM HOMES
total sales · YTD
total sales · YTD
76
12
average sales price · YTD
average sales price · YTD
$1,124,417
$445,875
median sales price · YTD
median sales price · YTD
$968,500
$401,000
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
687 HILLSIDE DRIVE 3 Bedrooms | 2 Full 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
2703 SAN MARCOS AVE 3 Bedrooms | 2 Bathrooms | Offered at $999,000 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 View the property >
LOS OLIVOS
SINGLE FAMILY RESIDENCES total sales · YTD
12 average sales price · YTD
$1,070,417 median sales price · YTD
$968,500
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
SANTA YNEZ
SINGLE FAMILY RESIDENCES total sales · YTD
67 average sales price · YTD
$2,370,997 median sales price · YTD
$1,550,000
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
1833 FLETCHER WAY 106+/- Acre Luxury Ranch Olive Orchard, Residence, and Guest House All information provided is deemedwith reliable, but has not been verified &2nd we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Sept
Offered at $12,250,000 | View the property >
1105 FREDENSBORG CANYON ROAD 4 Bedrooms | 3 Full Bathrooms | 3 Half Bathrooms | &Offered at $3,999,000 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 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.