Hope ranch market update 4thQ 2012

MARKET UPDATE Santa Barbara Real Estate Insider December 2012 Vol. 1

HOPE RANCH

SERGIO GONZALEZ /////BROKER-ASSOCIATE 3868 State Street, Santa Barbara 1170 Coast Village Road Montecito

A Realtor For All Reasons

4th Quarter Analysis Hope Ranch real estate has proved to be fairly consistent with last year’s performance in the number of closed sales and new listings. However, a few of the market indicators that I monitor closely such as the Average Days On Market (down 20%), Median List Price (up 15%) and Median Sales Price (up 7%) all favor current Hope Ranch homeowners who may be thinking of selling.

A few highlights from the 4th Quarter were four of the six closed sales sold at 90% of their original list price and two at 100% of their original list price, which is well above the current average of 80%. According to Fiserv Case-Shiller data, the Santa Barbara metro area will be one of the top 15 housing markets in the United States for the next five years. Annualized growth from 2012 – 2017 is expected to exceed 8%. As a reference point, home prices nationwide are only expected to increase by 3.3% over the next five years. In fact, only five metro areas ranked higher than Santa Barbara in projected annualized growth. Have you had any thoughts of selling?

Let’s do lunch..

SERGIO GONZALEZ 805.283.7003 santabarbararealestateinsider.com

4th Quarter New Listings

New Listings (6) Location

Current List Price

Original List Price

List Date

Bed/Bath

Comments

4111 Creciente Dr 4,500,000 4,500,000 12/12 4/4

900 Monte Drive 3,750,000 3,750,000 11/12 6/5.5

4452 Via Esperanza 2,795,000 2,795,000 12/12 4/3

4691 Via Roblada 2,495,000 2,495,000 10/12 3/3.5

4340 Via Glorieta 2,195,000 2,195,000 10/12 4/4

1124 Estrella Dr 1,775,000 1,775,000 11/12 4/3

New Closed Escrows (7)

A Stunning Santa Barbara Spanish home built in 2000 providing ocean views.

Originally designed by Lutah Maria Riggs and expanded and remodeled by Ketzel and Goodman, this home boasts stunning mountain views and overlooks Laguna Blanca Lake. This was listed in 2010 for $4,395,000 Ideally located on an exceptionally private 2.3 acres.

This beautifully remodeled home offers an open floor plan w/vaulted ceilings, 2 fire places and a lap pool.

Designed by architect Chester Carjola with exquisite custom details & warmth, this home is situated on 1.5 flat acres. Last Sold in 2006 for $2,550,000 Charming home with sweeping mountain views on 1.6 acres.

A single level home situated on 1.14 acres and a view filled knoll. Features include hardwood floors, vaulted ceilings & an updated kitchen

3215 Campanil Dr 4,235,000 4,275,000 10/12 4/4.5 4125 Creciente Dr 4,000,000 4,500,000 12/20 4/5

4115 Cresta Ave 2,600,000 2,895,000 11/12 4/6.5 755 Via Hierba 2,595,000 2,595,000 10/12 4/5

1326 Estrella Dr 2,550,000 2,700,000 10/16 5/5

948 Las Palmas Dr 2,100,000 2,100,000 10/12 3/3

985 Monte Dr 1,839,000 1,895,000 12/31 3/3

New Escrows Pending (5)

On the market for 60 days, this sold at 99% of list price Sold off the market also known as a pocket listing, this sold at 88% of list price On the Market 229 Days, this sold at 89% of list price Only 3 days on the market, this also sold at 100% of list price.

Only 30 Days on the market, this sold at 94% of list price Only 5 days on the market, this property sold at 100% of list price On the market 64 Days, This property sold within 97% of its list price.

4254 Cresta Ave 6,100,000 8,650,000 10/12 4/9

4452 Via Esperanza 2,795,000 2,795,000 12/12 4/3 4655 Via Vistosa 2,100,000 2,550,000 11/12 3/3

4135 Lago Dr 1,860,000 2,095,000 12/11 4/3

4602 Via Carretas 1,680,000 1,680,000 11/12 4/4

After being on the market almost 2 years, this expansive Mediterranean estate on 3.38 acres went into escrow. Offering panoramic ocean and mountain views from every room.

Only on the Market 5 Days before going into escrow.

Custom cabinetry and custom interior finishes fill this Mediterranean home. This home last sold in 1994 for $480,500 A Classic California Ranch Style Home designed by Cliff May providing stunning views of Laguna Blanca Lake and Mountains. Situated on 1.3 acres.

This was a short sale and a fixer.

Location

Location

Price Adjustments Withdrawn (2) Location

Final Sales Price

Current List Price

Original List Price

Original List Price

Sale Date

List Date

Bed/Bath

Bed/Bath

Comments

Comments

No Price Adjustments during the 4th Quarter Current List Price

Original List Price

List Date

Bed/Bath

Comments

647 Sea Ranch Dr 2,995,000 2,995,000 11/12 4/4

949 Via Rosita 2,500,000 2,500,00 12/12 4/3

Recently Expired (4)

Remodeled home offering ocean & island views situated on 2.6 acres. Solar powered After being on the market for 167 days, this ranch style home was taken off the market. Features include an updated kitchen, entertaining patios on 1.74 acres

4693 Via Bendita 4,700,000 4,700,000 11/12 5/7

4200 Marina Dr 3,950,000 3,950,000 5/3

4005 Lago Dr 3,679,000 3,679,000 11/12 5/5.5

4163 Marina Dr 3,480,000 4,400,000 11/12 4/3.5

A Spanish style home with ocean views on 2 acres.

Rebuilt in 2007. Was listed for 212 days.

This Spanish Mediterranean home is ready to be transformed into an amazing estate. Situated on 3.77 acres with ocean and mountain views. It was listed for 225 days at the current price. This home was listed in 2009 for $5,595,000 A classic 1920’s Plunkett design. Featuring a gourmet kitchen, amazing pool area with waterfalls. Was listed for 183 Days Ranch style home offering ocean and island views.

The backyard features tropical style landscaping filled with a pool, waterfall and outdoor kitchen.

Location

Current List Price

Original List Price

List Date

Bed/Bath

Comments

SERGIO GONZALEZ /////BROKER-ASSOCIATE & REALTOR

805.283.7003 sergiomyrealtor@gmail.com santabarbararealestateinsider.com License #01360748

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4. A proven record of success, guarantees your satisfaction along side our past clients.

5. Prudential California Realty & Sergio Gonzalez are two names you can trust.

SERGIO GONZALEZ /////BROKER-ASSOCIATE

A Realtor For All Reasons

3868 State Street, Santa Barbara 1170 Coast Village Road Montecito

Let me help you with everything you need to know about selling your home in today’s market. As the preeminent real estate professional in the local community, I am dedicated to providing the finest service available while breaking new ground.

Note: this is not in any way an official advertisement or publication of these properties. data from the mls for october 1, 2012 through december 31, 2012 and represents properties listed or sold by various brokers. the mls and sergio gonzalez do not guarantee and are not in any way responsible for its accuracy, and data maintained may not reflect all real estate activity in the market. if your home is currently listed, this is not intended to be a solicitation.