Santa Barbara/SYV Market Update | Q2 2017

Q2 | 2017

Santa Barbara | Santa Ynez Valley

Market Update

MONTECITO

Contemporary Balinease-Style Estate | Offered at$40,000,000 sothebyshomes.com/0114130

Santa Barbara sothebyshomes.com/santabarbara

Santa Ynez Valley sothebyshomes.com/santaynez

Montecito, Santa Barbara, and Santa Ynez Valley Brokerages montecito coast village road

805.969.9993

montecito upper village

805.969.5005

Dave Osman / Vice President / Brokerage Manager santa barbara

805.963.1391

santa ynez valley

805.688.4200

All data within this document is pulled from the Santa Barbara MLS and North Santa Barbara County MLS. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity.

Santa Barbara 04 06

Market Shapshot | All Areas

08 10

16

Carpinteria | Summerland Montecito

12 14

Featured Properties

Santa Barbara Hope Ranch Goleta

Santa Ynez Valley 18 20 22 24 26 28

Featured Properties Market Shapshot | All Areas Santa Ynez

Ballard | Solvang Los Olivos Buellton

SANTA BARBARA

Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/SANTABAR BARA

CARPINTERIA

Contemporary Masterpiece | Offered at $24,000,000 sothebyshomes.com/0632569

MONTECITO

Offered at $45,000,000 sothebyshomes.com/0114121 CARPINTERIA

Offered at $24,900,000 sothebyshomes.com/0632562 SANTA BARBARA

Offered at $7,995,000 sothebyshomes.com/0114157 SANTA BARBARA

Offered at $3,700,000 sothebyshomes.com/0593026 *in order from left to right, top to bottom

sothebyshomes.com/santabarbara

5

/ Santa Barbara Featured Properties / Santa Barbara Q2 Market Update

Market Snapshot Santa Barbara | Q2 2017

Highlight: Total Units Sold Highlight -units vs ASP Carpinteria & Summerland

Goleta

Montecito

$1.6

650

$1.4

600

$1.2 Carp-Summerland

550 500

Montecito $1.0 Santa Barbara

450

Hope Ranch

400

$0.6 Goleta

350

$0.8

Hope Ranch

Santa Barbara

$0.4 $0.2

250

$0.0

200

*Price in Millions

Total Units Sold 48 66 254 8 158

300

2013 2014 2015 2016 2017

Average Selling Price vs. Total Units Sold

Carpinteria | Summerland

Average Selling Price

Montecito

Total Units Sold

Santa Barbara Hope Ranch Goleta

Five Year Comparison

Carpinteria | Summerland, Montecito, Santa Barbara Hope Ranch, and Goleta

$4.5 $4.0 $3.5 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.0

2013

2014

2015

2016

2017

Average Selling Price Over Five Years by Area

Carpinteria | Summerland

Montecito

Santa Barbara

Hope Ranch

7

Goleta

/ Q2 Highlights / Santa Barbara Q2 Market Update

at a glance {Q2 | 2017}

carpinteria | summerland

22

%

Change in Average Selling Price {2017 v 2016}

-27

%

Change in Units Sold {2017 v 2016}

48 Units Sold

1.2m

$

Average Selling Price

|

Average Selling Price Total Units Sold $1,800,000

80

$1,600,000

70

$1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000

30

$600,000 $400,000

20

$200,000

10

$0

0

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Carpinteria & Summerland Carpinteria is graciously situated where the Pacific meets the idyllic beach town and foothills of the area. The hillside-lined homes of Summerland boast views of the coastline and the Channel Islands. sothebyshomes.com/santabarbara

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

24%

22%

30%

-27%

2017

$1,281,048

$1,217,516

61

48

2016

$1,037,006

$1,000,169

47

66

2015

$879,323

$859,219

51

72

2014

$1,631,904

$1,525,136

35

50

2013

$647,626

$639,227

45

73

{2017 v 2016}

Change

9

/ Carpinteria | Summerland / Santa Barbara Q2 Market Update

|

Average Selling Price Total Units Sold $4,500,000

90

$4,000,000

80

$3,500,000

70

$3,000,000

60

$2,500,000

50

$2,000,000

40

$1,500,000

30

$1,000,000

20

$500,000

10

$0

0

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Montecito One of the most world-renowned areas in which to live, Montecito emulates sophisticated elegance in every way. Bungalows, traditional homes, and estates stretch from the beach to the foothills and are surrounded by native eucalyptus tress and stunning views. sothebyshomes.com/santabarbara

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

3%

2%

0%

20%

2017

$3,744,344

$3,513,939

117

66

2016

$3,633,982

$3,448,892

117

55

2015

$3,963,701

$3,718,629

64

67

2014

$4,083,912

$3,742,004

83

68

2013

$2,995,087

$2,852,497

69

79

{2017 v 2016}

Change

Santa Barbara Q2 Market Update / Montecito / 10

at a glance {Q1 | 2017}

montecito

2

%

Change in Average Selling Price {2017 v 2016}

20

%

Change in Units Sold {2017 v 2016}

66 Units Sold

3.5m

$

Average Selling Price

at a glance {Q2 | 2017}

santa barbara

6

%

Change in Average Selling Price {2017 v 2016}

7

%

Change in Units Sold {2017 v 2016}

254 Units Sold

1.3m

$

Average Selling Price

|

Average Selling Price Total Units Sold $1,400,000

270

$1,200,000

260

$1,000,000

250

$800,000 240 $600,000 230

$400,000 $200,000

220

$0

210

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Santa Barbara Known as the American Riviera, Santa Barbara’s alluring landscape is the perfect culmination of mountains and ocean mixed with soaring palm trees, a storied Spanish heritage, and relaxed sophistication. sothebyshomes.com/santabarbara

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

6%

6%

19%

7%

2017

$1,326,589

$1,299,297

54

254

2016

$1,256,069

$1,222,900

45

237

2015

$1,209,249

$1,175,868

48

256

2014

$1,195,462

$1,171,269

40

229

2013

$999,346

$983,431

33

264

{2017 v 2016}

Change

13

/ Santa Barbara / Santa Barbara Q2 Market Update

|

Average Selling Price Total Units Sold $4,500,000

12

$4,000,000

10

$3,500,000 $3,000,000

8

$2,500,000

6

$2,000,000 $1,500,000

4

$1,000,000

2

$500,000 $0

0

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Hope Ranch Hope Ranch sits above a beautiful stretch of the Pacific coast with homes overlooking the ocean. A rare gem, with a wonderful blend of fine estates, incredible architecture, horseback riding trails, and private beach access makes this area exceptional. sothebyshomes.com/santabarbara

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

-11%

-10%

-29%

-11%

2017

$2,526,125

$2,374,275

79

8

2016

$2,836,444

$2,651,667

112

9

2015

$4,314,909

$4,016,500

82

11

2014

$2,698,667

$2,554,722

128

9

2013

$2,967,143

$2,869,030

59

7

{2017 v 2016}

Change

Santa Barbara Q2 Market Update / Hope Ranch / 14

at a glance {Q1 | 2017}

hope ranch

-10

%

Change in Average Selling Price {2017 v 2016}

-11

%

Change in Units Sold {2017 v 2016}

8

Units Sold

2.4m

$

Average Selling Price

at a glance {Q2 | 2017}

goleta

15

%

Change in Average Selling Price {2017 v 2016}

12

%

Change in Units Sold {2017 v 2016}

158 Units Sold

1

$ m Average Selling Price

|

Average Selling Price Total Units Sold $1,200,000

180 160

$1,000,000

140

$800,000

120 100

$600,000

80 60

$400,000

40

$200,000

20 0

$0

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Goleta Goleta, known as the “Goodland,� offers an incredible lifestyle with excellent beaches, schools, and outdoor living. Views abound throughout the area of the Santa Ynez Mountains and the Channel Islands. sothebyshomes.com/santabarbara

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

18%

15%

31%

12%

2017

$1,026,009

$983,032

33

158

2016

$869,250

$854,884

25

141

2015

$755,434

$753,350

27

169

2014

$766,436

$757,087

34

140

2013

$755,439

$749,917

24

166

{2017 v 2016}

Change

17

/ Goleta / Santa Barbara Q2 Market Update

SANTA YNEZ VALLEY

Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/SANTAYNE Z

SANTA YNEZ

College Ranch | Offered at $14,900,000 sothebyshomes.com/0621796

SANTA YNEZ

Offered at $6,600,000 sothebyshomes.com/0621756 SANTA YNEZ

Offered at $2,995,000 sothebyshomes.com/0621649 SANTA YNEZ

Offered at $2,595,000 sothebyshomes.com/0621783 SOLVANG

Offered at $2,475,000 sothebyshomes.com/0621784 *in order from left to right, top to bottom

sothebyshomes.com/santaynez

19

/ Featured Properties / Santa Ynez Valley Q2 Market Update

Market Snapshot

Highlight: Total Units Sold Santa Ynez Valley | Q2 2017

Highlight -units vs ASP $1.4

Buellton

$1.2

Santa Ynez $1.0

90 80

Santa Ynez Ballard & Solvang Los Olivos

Los Olivos

$0.8

Buellton

60 50 40

$0.6

Ballard & Solvang

70

30

$0.4

20 $0.2

10

$0.0 *Price in Millions

Total Units Sold 22 37 6 17

0

2013 2014 2015 2016 2017

Average Selling Price vs. Total Units Sold

Santa Ynez

Average Selling Price

Ballard | Solvang

Total Units Sold

Los Olivos Buellton

Five Year Comparison Santa Ynez Valley

$3.0

$2.5

$2.0

$1.5

$1.0

$0.5

$0.0

2013

2014

2015

2016

2017

Average Selling Price Over Five Years by Area

Santa Ynez

Ballard | Solvang

Los Olivos

21

Buellton

/ Q2 Market Snapshot / Santa Ynez Valley Q2 Market Update

at a glance {Q2 | 2017}

santa ynez

-43

%

Change in Average Selling Price {2017 v 2016}

0

%

Change in Units Sold {2017 v 2016}

22 Units Sold

1.5m

$

Average Selling Price

|

Average Selling Price Total Units Sold $3,000,000

30

$2,500,000

25

$2,000,000

20

$1,500,000

15

$1,000,000

10

$500,000

5

$0

0

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Santa Ynez Characterized by golden hills and iconic oak trees, Santa Ynez spans the Santa Ynez Valley including homes in the small township to ranches and ranchettes, vineyard and equestrian estates - each incredibly unique. sothebyshomes.com/santaynez

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

-42%

-43%

-40%

0%

2017

$1,590,409

$1,478,375

136

22

2016

$2,741,545

$2,611,182

227

22

2015

$1,617,925

$1,519,466

232

20

2014

$1,600,000

$1,549,375

103

8

2013

$1,512,596

$1,417,640

156

25

{2017 v 2016}

Change

23

/ Santa Ynez / Santa Ynez Valley Q2 Market Update

|

Average Selling Price Total Units Sold $1,000,000

45

$900,000

40

$800,000

35

$700,000

30

$600,000

25

$500,000

20

$400,000

15

$300,000 $200,000

10

$100,000

5

$0

0

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Ballard | Solvang The town of Solvang, known for its rich Danish heritage, is surrounded by homes ranging from ranch-style to estates with views for miles. Nestled in the heart of the Valley, the quaint town of Ballard is comprised of bungalows, ranches, and one of the most sought after school districts in the area. sothebyshomes.com/santaynez

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

-5%

-5%

24%

-10%

2017

$912,904

$872,203

136

37

2016

$964,918

$920,289

109

41

2015

$778,460

$743,136

136

25

2014

$624,729

$599,389

202

24

2013

$680,288

$640,894

179

32

{2017 v 2016}

Change

Santa Ynez Valley Q2 Market Update / Ballard | Solvang / 24

at a glance {Q2 | 2017}

ballard | solvang

-5

%

Change in Average Selling Price {2017 v 2016}

-10

%

Change in Units Sold {2017 v 2016}

37 Units Sold

900k

$

Average Selling Price

at a glance {Q2 | 2017}

los olivos

39

%

Change in Average Selling Price {2017 v 2016}

500

%

Change in Units Sold {2017 v 2016}

6

Units Sold

1.4m

$

Average Selling Price

|

Average Selling Price Total Units Sold $1,600,000

7

$1,400,000

6

$1,200,000

5

$1,000,000

4

$800,000 3

$600,000

2

$400,000 $200,000

1

$0

0

2013

2014

2015

2016

Average Selling Price

2017

Total Units Sold

About

Los Olivos The charming town of Los Olivos is made up of fine restaurants, local vineyards’ tasting rooms, and boutiques with bungalows close to town and ranches spread across the area’s rolling hills. sothebyshomes.com/santaynez

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

44%

39%

-64%

500%

2017

$1,415,833

$1,358,750

55

6

2016

$980,000

$980,000

153

1

2015

$1,056,333

$1,022,000

86

6

2014

$1,410,400

$1,330,400

132

5

2013

$721,500

$695,100

159

5

{2017 v 2016}

Change

27

/ Los Olivos / Santa Ynez Valley Q2 Market Update

|

Average Selling Price Total Units Sold $900,000

20.5

$800,000

20

$700,000

19.5 19

$600,000

18.5

$500,000

18

$400,000

17.5

$300,000

17

$200,000

16.5

$100,000

16

$0

15.5

2013

2014

2015

2016

Average Selling Price

2017 Total Units Sold

About

Buellton The west side of the Valley, Buellton is home to some of the most stunning vineyards in the area, beautiful riding trails, and a thriving community that is constantly evolving. sothebyshomes.com/santaynez

Average List Price

Average Selling Price

Average Days on Market

Total Units Sold

24%

25%

-39%

-6%

2017

$796,669

$771,235

64

17

2016

$642,056

$616,556

105

18

2015

$640,620

$591,710

100

20

2014

$695,885

$542,195

259

20

2013

$325,039

$330,309

98

17

{2017 v 2016}

Change

Santa Ynez Valley Q2 Market Update / Buellton / 28

at a glance {Q2 | 2017}

buellton

25

%

Change in Average Selling Price {2017 v 2016}

-6

%

Change in Units Sold {2017 v 2016}

17 Units Sold

800k

$

Average Selling Price

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