Santa Barbara Area Real Estate Report through February 2024 | Village Properties Realtors

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Santa Barbara Area Market Report

SANTA BARBARA AREA REAL ESTATE THROUGH FEBRUARY 2024

featured property 1104 CHANNEL DRIVE DRE #01206734
Exclusive Member of
1104 CHANNEL DRIVE click to view

Review in Numbers

SOUTH SANTA BARBARA COUNTY FEBRUARY 2024 YTD

TOTAL SALES

174 (+23% over 2023)

SINGLE FAMILY RESIDENCE SALES

116 (+15% over 2023)

CONDOMINIUM SALES

58 (+41% over 2023)

S ingle Family

SOUTH SANTA BARBARA COUNTY

FEBRUARY 2024 YTD

AVERAGE SALES PRICE • YTD

$3,704,584 +16% change from 2023

MEDIAN SALES PRICE • YTD $2,300,000 +18% change from 2023

1104 CHANNEL DRIVE

SOUTH SANTA BARBARA COUNTY

FEBRUARY 2024 YTD

AVERAGE SALES PRICE • YTD

$990,621 -8% change from 2023

MEDIAN SALES PRICE • YTD

$902,500 -2% change from 2023

ondominium
C
DRIVE • click to view

Number of Sales v Median Price over the past 5 years

SOUTH SANTA BARBARA COUNTY · HOMES & CONDOS
Exclusive Member of
1104 CHANNEL DRIVE • click to view
Exclusive Member of Carpinteria
3599 PADARO LANE • click to view

TOTAL

TOTAL

2

TOTAL

Median Price v Sales over the
past 5 years
·
SALES
YEAR TO DATE
AVERAGE SALES PRICE · YTD $2,447,500
SALES PRICE · YTD $2,447,500
MEDIAN
15 AVERAGE SALES PRICE · YTD $816,633
SALES
·
$800,000 SINGLE FAMILY RESIDENCES • YTD CONDOMINIUMS • YTD
SALES · YEAR TO DATE
MEDIAN
PRICE
YTD
SALES 11 AVERAGE SALES PRICE $867,727 -60% change
SALES PRICE $825,000 -28%
FEBRUARY 2024
from 2023 MEDIAN
change from 2023
Exclusive Member of Summerland
LILLIE AVENUE • recently sold
2574

Median Price v Sales over the past 5 years

SALES · YEAR TO DATE 1 AVERAGE SALES PRICE · YTD $3,700,000 MEDIAN SALES PRICE · YTD $3,700,000
SALES · YEAR TO DATE 0 AVERAGE SALES PRICE · YTD n/a MEDIAN SALES PRICE · YTD n/a SINGLE FAMILY RESIDENCES • YTD CONDOMINIUMS • YTD TOTAL SALES 0 AVERAGE SALES PRICE n/a n/a change from 2023 MEDIAN SALES PRICE n/a n/a change from 2023 FEBRUARY 2024
TOTAL
TOTAL
Exclusive Member of Montecito
2815 E VALLEY ROAD • click to view

Median Price v Sales over the past 5 years

FEBRUARY 2024

TOTAL

MEDIAN SALES PRICE $5,950,000

change from 2023

TOTAL SALES · YEAR TO DATE 28 AVERAGE SALES PRICE · YTD $7,176,946

MEDIAN SALES PRICE · YTD $4,957,500

TOTAL SALES · YEAR TO DATE 0 AVERAGE SALES PRICE · YTD n/a MEDIAN SALES PRICE · YTD

SINGLE FAMILY RESIDENCES •
CONDOMINIUMS •
n/a
YTD
YTD
SALES 13 AVERAGE SALES PRICE $11,424,192 +19% change from 2023
+11%
Exclusive Member of
& 823 EAST PEDREGOSA STREET • click to view
Santa Barbara 821

Median Price v Sales over the past 5 years

FEBRUARY 2024

TOTAL SALES 41 AVERAGE SALES PRICE $1,961,387 +1% change from 2023

TOTAL SALES · YEAR TO DATE

57 AVERAGE SALES PRICE · YTD

$2,894,305

MEDIAN SALES PRICE · YTD $2,150,000

MEDIAN SALES PRICE $1,657,525 -3% change from 2023

TOTAL SALES · YEAR TO DATE 25 AVERAGE SALES PRICE · YTD $1,152,041

MEDIAN SALES PRICE · YTD $1,010,000

FAMILY RESIDENCES •
SINGLE
YTD CONDOMINIUMS • YTD
Exclusive Member of Hope Ranch 929 CANON ROAD • click to view

Median Price v Sales over the past 5 years

FEBRUARY 2024

TOTAL SALES 0

AVERAGE SALES PRICE

n/a change from 2023

TOTAL SALES · YEAR TO DATE

2 AVERAGE SALES PRICE · YTD

$5,935,350

MEDIAN SALES PRICE · YTD

$5,935,350

MEDIAN SALES PRICE

n/a change from 2023

TOTAL SALES · YEAR TO DATE n/a AVERAGE SALES PRICE · YTD

MEDIAN SALES PRICE · YTD

n/a
RESIDENCES
n/a SINGLE FAMILY
• YTD CONDOMINIUMS • YTD
n/a
n/a
Exclusive Member of Goleta 172 ORANGE AVENUE • click to view

Median Price v Sales over the past 5 years

FEBRUARY 2024

TOTAL SALES 24

AVERAGE SALES PRICE

$1,466,798 +13% change from 2023

TOTAL SALES · YEAR TO DATE

26

AVERAGE SALES PRICE · YTD

$1,666,775

MEDIAN SALES PRICE $1,358,000 +7% change from 2023

TOTAL SALES · YEAR TO DATE 18 AVERAGE SALES PRICE · YTD $911,417

MEDIAN SALES PRICE · YTD $878,000 SINGLE

MEDIAN SALES PRICE · YTD $2,270,000

FAMILY RESIDENCES •
YTD CONDOMINIUMS • YTD
Exclusive Member of
1270 POPPY VALLEY ROAD • click to view

Santa Ynez Valley Review in Numbers

SANTA YNEZ VALLEY

FEBRUARY 2024 YTD

TOTAL SALES

27

SINGLE FAMILY RESIDENCE SALES

19 (+26.7% over 2023)

CONDOMINIUM SALES

8 (+400% over 2023)

S ingle Family

SANTA YNEZ VALLEY

FEBRUARY 2024 YTD

AVERAGE SALES PRICE • YTD

$2,472,947 +5% change from 2023

MEDIAN SALES PRICE • YTD $1,550,000 +1.4% change from 2023

1270 POPPY VALLEY

C ondominium

SANTA YNEZ VALLEY

FEBRUARY 2024 YTD

AVERAGE SALES PRICE • YTD

$623,195 +11.4% change from 2023

MEDIAN SALES PRICE • YTD

$682,500 +22% change from 2023

VALLEY ROAD • click to view
Exclusive Member of Buellton, Solvang & Ballard 1540 LAUREL AVENUE • click to view

SINGLE FAMILY RESIDENCES

TOTAL SALES · YEAR TO DATE

4 AVERAGE SALES PRICE · YTD $1,330,250

MEDIAN SALES PRICE · YTD $1,064,500

Solvang

and Ballard

• YTD

SINGLE FAMILY RESIDENCES

TOTAL SALES · YEAR TO DATE

7 AVERAGE SALES PRICE · YTD

$1,813,571

CONDOMINIUMS • YTD

• YTD CONDOMINIUMS • YTD

MEDIAN SALES PRICE · YTD $1,550,000

Buellton

TOTAL SALES · YEAR TO DATE

3 AVERAGE SALES PRICE · YTD $775,000

MEDIAN SALES PRICE · YTD $830,000

TOTAL SALES · YEAR TO DATE

5 AVERAGE SALES PRICE · YTD $644,000

MEDIAN SALES PRICE · YTD $555,000

Exclusive Member of
Los Olivos & Santa Ynez
3595 WEST OAK TRAIL ROAD • click to view

Santa Ynez

SINGLE FAMILY RESIDENCES • YTD

TOTAL SALES · YEAR TO DATE

6 AVERAGE SALES PRICE · YTD $4,185,000

MEDIAN SALES PRICE · YTD $1,855,000

SINGLE FAMILY RESIDENCES • YTD

TOTAL SALES · YEAR TO DATE

2 AVERAGE SALES PRICE · YTD $1,930,000

MEDIAN SALES PRICE · YTD $1,930,000

Los Olivos
Exclusive Member of
• click to
847 DEERPATH ROAD, MONTECITO
view
“Our global partners ensure your home is seen by interested buyers across the world.”

RENEÉ GRUBB

Founder

We are fortunate to be in a place that people all over the world desire to be. We cultivate strategic global relationships that ultimately benefit you by putting your home in front of those people.

Data Source: Fidelity National Title & Chicago Title: INdata Market Reporting MONTECITO 1250 Coast Village Road, Montecito, CA 93108 | 805.969.8900 SANTA BARBARA 1436 State Street, Santa Barbara, CA 93101 | 805.681.8800 SANTA YNEZ 3615 Sagunto Street, Santa Ynez, CA 93460 | 805.688.1620 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 Source: Fidelity National Title & Chicago Title: INdata Market Reporting through February 2024. Global Connections Exclusive Member of

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