Santa Barbara Real Estate Report through August 2020 | Village Properties Realtors

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MARKET REPORT santa barbara real estate · through august 2020

1130 E MOUNTAIN DRIVE

Lic #01206734


1130 E MOUNTAIN DRIVE 4 Bedrooms | 4 FullAll Bathrooms 2 Half Bathrooms | Offered $8,750,000 information provided is| deemed reliable, but has not been verified & we do not at guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Aug 2020. View the property >


REVIEW IN NUMBERS august 2020 ytd · south santa barbara county

TOTAL SALES

1,144 SINGLE FAMILY RESIDENCE SALES

818

CONDOMINIUM SALES

326 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 Aug 2020.


Dear Clients, Friends and Family, Last month we reported that the number of sales and prices in our area were extremely strong, reaching the highest numbers for many years. The month of August continued this upward trend fueled by the high end market, where the number of sales has almost doubled. The forecast is for another very strong month for September. The more than usual number of sales in Montecito is driving up the median price, and the overall increase in sales throughout Santa Barbara County is creating a very active market with limited supply. We are often asked where the buyers are coming from: Many buyers are coming from out of town, (Los Angeles, San Francisco area, and out of state areas such as New York, Chicago, Washington State and Texas) mainly fueled by people trying to get out of the big cities. Our kids are now back in school, but this year it has started very differently from other years, with most classes being taught remotely via Zoom. We launched our Teacher’s Fund “Back to School Supplies Drive” fundraiser this week, but


this too will be online this year. The requests from our teachers have transitioned from basic classroom supplies of years past, to desperately needed supplies for running a virtual classroom. If you would like to help a teacher purchase these vital supplies to help their students, please look at the funding opportunities available TFSuppliesDrive.com. Once again we thank our clients and friends for choosing to work with our dedicated Village Properties agents. We are committed to our local community and to giving the very best service to our clients. 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 Aug 2020.


1129 CRESTLINE DRIVE 3 Bedrooms + Office | 2 Bathrooms | Offered at $1,349,000 View the property >

56 BARRANCA AVENUE 1 2 Bedrooms | 2 Bathrooms | Offered at $985,000 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 Aug 2020.


SINGLE FAMILY south santa barbara county · august 2020 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$2,042,053

$1,400,000

+7% change from 2019

+12% change from 2019

CONDOMINIUM south santa barbara county · august 2020 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$862,887

$800,000

+10% change from 2019

+15% 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 Aug 2020.


3375 FOOTHILL ROAD #122 2 Bedrooms | 2 Bathrooms | isOffered atbut$749,000 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 through Aug 2020. View the property >


CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

51

41

average sales price · YTD

average sales price · YTD

$1,469,329

$706,476

median sales price · YTD

median sales price · YTD

$1,037,500

$565,000

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 Aug 2020.


SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

17

3

average sales price · YTD

average sales price · YTD

$2,702,147

$697,667

median sales price · YTD

median sales price · YTD

$1,522,500

$700,000

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 Aug 2020.


23602173 WHITNEY LILLIE AVENUE - Bedrooms 3 Bedrooms| | - 3Bathrooms Bathrooms | Offered Offeredatat$2,195,000 $---,000 villagesite.com/property/details/18-2445/------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 Aug 2020.


109 OLIVE MILL ROAD 3 Bedrooms | 3 Full Bathrooms | 2 reliable, HalfbutBathrooms atit. $5,495,000 All information provided is deemed has not been verified &|weOffered do not guarantee We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Aug 2020. View the property >


MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

166

25

average sales price · YTD

average sales price · YTD

$3,940,334

$1,782,840

median sales price · YTD

median sales price · YTD

$3,272,500

$1,7 12,500

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 Aug 2020.


SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

372

136

average sales price · YTD

average sales price · YTD

$1,493,519

$898,588

median sales price · YTD

median sales price · YTD

$1,312,500

$741,000

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 Aug 2020.


125 EUCALYPTUS HILL CIRCLE 3 Bedrooms | 3 Bathrooms | Offered at $1,850,000 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 Aug 2020.


4002 CUERVO AVENUE 5 Bedrooms | 3.5 All Bathrooms Offered athas$3,975,000 information provided |is deemed reliable, but not been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Aug 2020. View the property >


HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

26 average sales price · YTD

$4,385,128 median sales price · YTD

$3,642,500

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 Aug 2020.


GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

186

121

average sales price · YTD

average sales price · YTD

$1,214,135

$689,781

median sales price · YTD

median sales price · YTD

$1,052,500

$720,000

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 Aug 2020.


7540 CATHEDRAL OAKS ROAD 5 1 Bedroom | 1 Bathroom | Offered at $399,000 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 Aug 2020.


1930 EMERSON AVENUE 3 Bedrooms | 3 Bathrooms | isOffered atbut$2,695,000 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 through Aug 2020. 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 Aug 2020.