January 2018 Market Report

JANUARY real estate market report | 2018

3219 CLIFF DRIVE

3219 CLIFF DRIVE 5 Bedrooms | 6.5 All Bathrooms | is Offered information provided deemed reliable,at but$11,200,000 has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018. villagesite.com/property/details/18-231/3219-cliff-dr-santa-barbara

IN SUMMARY south santa barbara county

TOTAL SALES

89

(-26% change from 2017)

SINGLE FAMILY RESIDENCE SALES

62

(-25% change from 2017)

CONDOMINIUM SALES

27

(-29% 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. Data taken from CORT statistics January 2018.

IN SUMMARY south santa barbara county

The owners, staff and agents at Village Properties continue to hold those impacted by the recent disasters in their hearts.

Here is the real estate market update for the Santa Barbara South Coast - Carpinteria to Goleta - for the month of January 2018.

The number of sales for single-family residences and condominiums is down, compared to the same period a year ago.

This is to be expected, due to recent events, however, lack of inventory plays a role and has been a constant factor in our beautiful community for many years. Median and average prices are up, market-wide, from one year ago, for both property types. Demand remains steady, with as many as fifty percent of sales involving multiple offers. For sales data by neighborhood look ahead in the pages that follow.

Owning a home in Santa Barbara continues to be a dream for so many. Contact your Village Properties agent if you need help selling or buying a home. Our skilled agents will help you navigate to a successful close!

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

1810 LOMA STREET 3 Bedrooms | 2 Bathrooms | Offered at $1,479,000 villagesite.com/property/details/17-3405/1810-loma-st-santa-barbara

2631 STATE STREET #1 1 Bedroom | 1 Bathroom | Offered at $575,000 villagesite.com/property/details/18-176/2631-state-st-1-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. Data taken from CORT statistics January 2018.

SINGLE FAMILY south santa barbara county

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,659,7 18

$1,204,000

+8.7% change from 2016

+16% change from 2016

CONDOMINIUM south santa barbara county

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$7 11,278

$578,000

+11% change from 2016

+2% change from 2016

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

3375 FOOTHILL ROAD #911 3 Bedrooms | 2 Bathrooms | Offered at $1,150,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018. villagesite.com/property/details/17-3494/3375-foothill-rd-911-carpinteria

CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

2

4

average sales price

average sales price

$772,500

$602,875

median sales price

median sales price

$772,500

$552,750

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

SUMMERLAND

SINGLE FAMILY RESIDENCES total sales

1 average sales price

$1,225,000 median sales price

$1,225,000

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

2709 VISTA OCEANO LANE 5 Bedrooms | 8 Bathrooms | Guest Barn + Apartment | Offered at $26,500,000 All information provided is deemed reliable, House but has not|been verified & we do not guarantee it.

We villagesite.com/property/details/17-2889/2709-vista-oceano-ln-summerland recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

710 PICACHO LANE 5 Bedrooms | 8 Bathrooms | Offered at $17,900,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018. villagesite.com/property/details/17-3414/710-picacho-ln-montecito

MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

9

0

average sales price

average sales price

$3,038,611

n/a

median sales price

median sales price

$3,000,000

n/a

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

35

18

average sales price

average sales price

$1,429,429

$760,694

median sales price

median sales price

$1,336,250

$603,750

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

1227 DE LA VINA C 2 Bedrooms | 2 Bathrooms | Offered at $1,688,000 villagesite.com/property/details/18-173/1227-de-la-vina-st-c-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. Data taken from CORT statistics January 2018.

4182 CRESTA AVENUE 5 Bedrooms | 6 Bathrooms | Offered at but $5,495,000 All information provided is deemed reliable, has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018. villagesite.com/property/details/17-2361/4182-cresta-ave-santa-barbara

HOPE RANCH

SINGLE FAMILY RESIDENCES total sales

2 average sales price

$4,245,000 median sales price

$4,245,000

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

13

5

average sales price

average sales price

$1,097,308

$620,100

median sales price

median sales price

$975,000

$578,000

All information provided is deemed reliable, but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018.

7805 WHIMBREL LANE 3 Bedrooms | 2.5 Bathrooms | Offered at $949,000 villagesite.com/property/details/18-200/7805-whimbrel-ln-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. Data taken from CORT statistics January 2018.

3018 PASEO TRANQUILLO 3 Bedrooms | 4 Bathrooms | Offered at but $2,475,000 All information provided is deemed reliable, has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries. Data taken from CORT statistics January 2018. villagesite.com/property/details/18-335/3018-paseo-tranquillo-santa-barbara

WRAPPING UP south santa barbara county

Are you ready to take advantage of this market?

The Santa Barbara real estate market has opportunities for both buyers and sellers.

Contact your Village Properties agent today!

The numbers included in this report are courtesy of Fidelity National Title.

MONTECITO 1250 Coast Village Road, Montecito, CA 93108 | 805.969.8900 SANTA BARBARA 1436 State Street, Santa Barbara, CA 93101 | 805.681.8800 SANTA YNEZ 3615 Sagunto Street, Santa Ynez, CA 93460 | 805.688.1620