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MARKET REPORT santa barbara real estate · 2019 year end report

THE VILLAS at OLIVE MILL

Lic #01206734


103 - 109 OLIVE MILL 2+ Bedrooms | 2.5+AllBathrooms | deemed Offered $3,100,000 information provided is reliable, from 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 December 2019. View the property >


REVIEW IN NUMBERS december 2019 ytd · south santa barbara county

TOTAL SALES

1,938

(+8% change from 2018)

SINGLE FAMILY RESIDENCE SALES

1,305

(+6% change from 2018)

CONDOMINIUM SALES

634

(+11% change from 2018)

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 Dec 2019.


Dear Friends and Clients, In our world of Real Estate, 2019 ended on a very positive note with an increase in both the median price and the number of sales. The month of December was a very busy month for real estate sales and we already see this trend continuing into January. The days on the market were shorter too. This is usually attributed to sellers pricing their properties competitively and buyers feeling good about the value. As we check in with our Economists and those who follow our local Real Estate market their reporting continues to be positive for 2020. At Village Properties, we strive to go above and beyond for our clients. This is why in September we introduced VP Assist - Staging and Home Improvement Services, offering professional staging, high-impact cosmetic renovations, and repairs that are designed to maximize our clients home’s value with no cash out-of-pocket or up-front fees to the client. As of January 1st, 2020, we have now introduced a new unique service that grants peace of mind during our clients real estate transactions. As a part of our VP Assist Program, we now offer Legal Services to our Buyers and Sellers. We give them access to a team of legal professionals throughout the entire escrow process—and even up to a year afterwards, and at no cost to the client. Some of the services offered are legal advice and document review for all non-dis-


pute questions, as well as dispute resolution and lifetime mediation services to resolve any disputes after the close of escrow. This service is offered exclusively to Village Properties clients through Real Estate Risk Management, Inc. and allows them to feel more comfortable during and after the closing of escrow. We are so proud to bring this 30 year old service to Village Properties clients. Please ask your Village agent for more details. https://www.villagesite.com/vp-assist The most important message as we say goodbye to 2019 and welcome 2020 is how grateful we all are to be of service to you and your family. We love what we do and we appreciate your loyalty. “It is not happiness that makes us grateful” but “gratefulness that makes us happy”. - David Steindl-Rast Wishing you a New Year filled with new Hope, new Joy and New Beginnings! 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 December 2019.


2621 MONTROSE PLACE 4 Bedrooms | 3 Bathrooms | Offered at $1,950,000 View the property >

2641 STATE STREET 4 3 Bedrooms | 2 Bathrooms | Offered at $730,000 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 December 2019.


SINGLE FAMILY south santa barbara county · december 2019 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,949,237

$1,258,000

+12% change from 2018

+5% change from 2018

CONDOMINIUM south santa barbara county · december 2019 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$788,910

$702,250

+0.8% change from 2018

+3% change from 2018

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 December 2019.


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 December 2019. View the property >


CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

88

79

average sales price · YTD

average sales price · YTD

$2,733,722

$563,361

median sales price · YTD

median sales price · YTD

$1,042,500

$545,000

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 December 2019.


SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

20

3

average sales price · YTD

average sales price · YTD

$1,872,000

$894,667

median sales price · YTD

median sales price · YTD

$1,465,000

$799,000

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 December 2019.


25212173 WHITNEY LILLIE AVENUE 4 Bedrooms - Bedrooms | 3| Bathrooms - Bathrooms| Offered | Offered at at $1,730,000 $---,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 December 2019.


854 PARK LANE 6 Bedrooms | 8 Bathrooms | isOffered atbut$6,995,000 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 December 2019. View the property >


MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

197

24

average sales price · YTD

average sales price · YTD

$4,102,345

$1,821,542

median sales price · YTD

median sales price · YTD

$2,999,000

$1,411,250

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 through December 2019.


SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

603

256

average sales price · YTD

average sales price · YTD

$1,446,655

$865,931

median sales price · YTD

$1,240,000

median sales price · YTD

$760,000

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 December 2019.


3732 STATE STREET 117 3 Bedrooms | 3 Bathrooms | Offered at $1,295,000 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 December 2019.


1037 ESTRELLA DRIVE 4 Bedrooms | 4 Bathrooms | isOffered atbut$4,795,000 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 December 2019. View the property >


HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

35 average sales price · YTD

$4,628,800 median sales price · YTD

$3,000,000

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 December 2019.


GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

362

272

average sales price · YTD

average sales price · YTD

$1,169,183

$689,647

median sales price · YTD

median sales price · YTD

$995,000

$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 December 2019.


227 ELDERBERRY DRIVE 3 Bedrooms | 3.5 Bathrooms | Offered at $1,900,000 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 December 2019.


904 SKYVIEW DRIVE, MONTECITO 4 Bedrooms | 3.5 All Bathrooms Offered athas$5,000,000 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 December 2019. 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 Dec 2019.

Profile for Village Properties

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