Santa Barbara Real Estate Report 2018 | Village Properties Realtors

MARKET REPORT santa barbara real estate · year end 2018

2029 Las Tunas Road, Santa Barbara

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2029 LAS TUNAS ROAD 5 Bedrooms | 9 Bathrooms | Offered at but $7,995,000 All information provided is 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 Jan - Dec 2018. villagesite.com/property/details/18-4216/2029-las-tunas-rd-santa-barbara

REVIEW IN NUMBERS year end 2018 · south santa barbara county

TOTAL SALES

1,801

(-0.5% change from 2017)

SINGLE FAMILY RESIDENCE SALES

1,230

(-7% change from 2017)

CONDOMINIUM SALES

570

(+14% change from 2017)

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 Jan - Dec 2018.

Dear Friends, I am pleased to bring you the Real Estate Market Report for December, keeping you in the know and up to date on the latest activity and trends in the communities we serve in South Santa Barbara County and Santa Ynez Valley.

We are pleased to report that our fourth quarter home sales ended with a very strong finish, despite the tragedies of the Thomas Fire and Debris Flow that had such a devastating effect on our community and the real estate market at the beginning of the year. We are so proud of our agents who have worked so hard for their clients, ensuring that their transactions went as smoothly as possible. Their commitment and diligence led to our strongest fourth quarter since we began Village Properties almost 23 years ago.

In early December, two of our Village Properties agents were honored with awards from the Santa Barbara Association of Realtors. Outgoing President of the SBAOR, David Kim, deservedly won the Realtor of the Year Award for 2018. David was recognized, in part, for his “extraordinary willingness and personal example of consistent support to the real estate industry.” In accepting his award, Kim commented “I thank my lucky stars every day that I am able to serve this community.”

In a very moving tribute, the inaugural Realtor Award of Excellence was awarded to Rebecca Riskin posthumously. Inscribed on the plaque, which was received by her son Robert of Riskin Partners, were

the words, “in recognition of her most distinguished career, history of excellence and collaboration, willingness to share knowledge with others, and her well-earned reputation for demonstrating the highest standards of ethics and professionalism. Rebecca’s legacy cannot be understated and her contribu-tions to our professional community will continue to elevate the industry for years to come.”

Indeed, Rebecca left a tremendous legacy behind, and would have been so honored that her team, Riskin Partners, were the #1 selling team in Santa Barbara for 2018.

As we begin a new year I want to thank all of our clients who have bought or sold homes with Village Properties in 2018. We are thankful for your trust in us as your local Real Estate company. We are committed to excellence and are here for our clients not only through the processes of the real estate transaction, but also after the close of escrow. Service to our community is very important to us, and we love giving back to this wonderful community we are so thankful to call home.

Wishing you a prosperous and happy new year.

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 Jan - Dec 2018.

2818 VALENCIA DRIVE 3 Bedrooms | 3 Bathrooms | Offered at $1,549,000 villagesite.com/property/details/18-3583/2818-valencia-dr-santa-barbara

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105 W DE LA GUERRA ST P 2 Bedrooms | 3 Bathrooms | Offered at $1,299,000 villagesite.com/property/details/19-49/105-w-de-la-guerra-st-p-santa-barbara 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 Jan - Dec 2018.

SINGLE FAMILY south santa barbara county · year end 2018

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,742,749

$1,200,000

+3% change from 2017

-2% change from 2017

CONDOMINIUM south santa barbara county · year end 2018

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$782,685

$680,000

+4% change from 2017

+7% change from 2017

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 Jan - Dec 2018.

3525 PADARO LANE 2 Bedrooms | 2 Bathrooms | isOffered atbut$7,775,000 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 Jan - Dec 2018. villagesite.com/property/details/18-2186/3525-padaro-ln-carpinteria

CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

72

77

average sales price · YTD

average sales price · YTD

$1,458,212

$692,552

median sales price · YTD

median sales price · YTD

$1,068,000

$580,000

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 Jan - Dec 2018.

SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

11

7

average sales price · YTD

average sales price · YTD

$1,805,773

$1,041,57 1

median sales price · YTD

median sales price · YTD

$1,475,000

$786,000

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 Jan - Dec 2018.

2567 BANNER AVENUE 5 Bedrooms | 4 Bathrooms | Offered at $2,495,000 villagesite.com/property/details/18-2445/2567-banner-ave-summerland

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 Jan - Dec 2018.

720 EL BOSQUE ROAD 5 Bedrooms | 6 Bathrooms | isOffered atbut$4,999,000 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 Jan - Dec 2018. villagesite.com/property/details/19-10/720-el-bosque-rd-santa-barbara

MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

142

22

average sales price · YTD

average sales price · YTD

$4,131,070

$1,790,068

median sales price · YTD

median sales price · YTD

$2,819,000

$1,367,250

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 Jan - Dec 2018.

SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

627

242

average sales price · YTD

average sales price · YTD

$1,412,686

$814,479

median sales price · YTD

median sales price · YTD

$1,227,000

$7 15,500

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 Jan - Dec 2018.

1630 PATERNA ROAD 5 Bedrooms | 4.25 Bathrooms | Offered at $3,380,000 villagesite.com/property/details/18-4323/1630-paterna-rd-santa-barbara

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 Jan - Dec 2018.

4280 VIA ESPERANZA 5 Bedrooms | 7 Bathrooms | isOffered atbut$9,450,000 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 Jan - Dec 2018. villagesite.com/property/details/18-3521/4280-via-esperanza-santa-barbara

HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

38 average sales price · YTD

$4,910,737 median sales price · YTD

$3,722,500

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 Jan - Dec 2018.

GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

339

222

average sales price · YTD

average sales price · YTD

$1,049,032

$67 1,294

median sales price · YTD

median sales price · YTD

$923,000

$676,250

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 Jan - Dec 2018.

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227 ELDERBERRY DRIVE 3 Bedrooms | 3.5 Bathrooms | Offered at $2,199,000 villagesite.com/property/details/18-4033/227-elderberry-dr-goleta

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 Jan - Dec 2018.

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1335 BATH STREET Triplex | Studio | All1information Bed /provided 1 Bath | reliable, 4 Bed / not 1 Bath | &Offered at $1,697,000 is deemed but has been verified we do not guarantee it.

We recommend that buyers make their own inquiries.

DRE #01206734.

Data taken from CORT Jan - Dec 2018. villagesite.com/property/details/18-3301/1335-bath-st-santa-barbara

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