Santa Barbara Real Estate Report January 2019 | Village Properties Realtors

MARKET REPORT santa barbara real estate · january 2019

860 Picacho Lane

860 PICACHO LANE 7 Bedrooms | 11 Bathrooms | Offered at but $11,300,000 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 2019. villagesite.com/property/details/18-3737/860-picacho-ln-montecito

REVIEW IN NUMBERS january 2019 · south santa barbara county

TOTAL SALES

121

(+36% change from 2018)

SINGLE FAMILY RESIDENCE SALES

84

(+35% change from 2018)

CONDOMINIUM SALES

37

(+37% 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 Jan 2019.

Dear Friends, I am pleased to bring you the Real Estate Market Report for January, 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 and beyond.

As we enjoy our active weather, it is nice to know that home sales are off to a great start for 2019.

Inventory continues to be a bit low making it more difficult for buyers to find their dream home. This tells us that it is a good time to list a home for sale, especially if it is priced correctly.

Although there are many on-line sources that predict what a home is worth, it is always best to contact one of our well-trained and educated agents from Village Properties. They have a deep knowledge about the different areas in our community and have the latest technology to determine the current value of a home.

Please don’t hesitate to reach out to any of us at Village Properties if you are curious about the value of your home or looking to purchase in today’s market. We are happy to work with you on your time line.

Being locally owned we care deeply about our community and take great pride in giving back. In January we sponsored The Santa Barbara Chamber of Commerce Business Awards, and proudly awarded

the Non-profit Award to Women’s Economic Ventures (WEV). In addition to sponsoring our local teachers through our non-profit Teacher’s Fund, we also sponsored the American Heart Association, and the Santa Barbara Athletic Roundtable, supporting high school athletes. ** Fun Fact: ** Tired of looking for the right home on this planet? You can purchase an acre of land on the moon or on Mars for as little as $30. Apparently, over 250 celebrities have already bought land on the moon, including William Shatner, Tom Cruise, Mick Jagger, Harrison Ford, John Travolta and Clint Eastwood.

Thank you to those of you who use Village Properties for your Real Estate needs. We feel honored to serve you. We warmly welcome new clients and look forward to helping you buy or sell a home in 2019.

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 2019.

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2728 MACADAMIA LANE 5 Bedrooms | 5 Bathrooms | Offered at $2,275,000 villagesite.com/property/details/18-4048/2728-macadamia-ln-santa-barbara

728 CALLE DE LOS AMIGOS 2 Bedrooms | 2.5 Bathrooms | Offered at $829,000 villagesite.com/property/details/19-270/728-calle-de-los-amigos-santa-barbaAll information provided is deemed reliable, but has not been verified & we do not guarantee it. ra We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT Jan 2019.

SINGLE FAMILY south santa barbara county · january 2019

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$2,265,486

$1,307,000

+36% change from 2018

+9% change from 2018

CONDOMINIUM south santa barbara county · january 2019

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$767,959

$749,000

+8% change from 2018

+30% 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 Jan 2019.

4946 SAWYER AVENUE 2 Bedrooms | 1 Bathrooms | Offered atbut589,000 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 2019. villagesite.com/property/details/19-221/4946-sawyer-ave-carpinteria

CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

12

1

average sales price · YTD

average sales price · YTD

$1,014,917

$728,000

median sales price · YTD

median sales price · YTD

$947,500

$728,000

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 2019.

SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

1

0

average sales price · YTD

average sales price · YTD

$1,745,000

n/a

median sales price · YTD

median sales price · YTD

$1,745,000

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. DRE #01206734. Data taken from CORT Jan 2019.

2567 2173 BANNER LILLIE AVENUE 5 Bedrooms - Bedrooms | 4 | Bathrooms - Bathrooms | Offered | Offered at $2,495,000 at $---,000 villagesite.com/property/details/18-2445/2567-banner-ave-summerland villagesite.com/property/details/18-2445/------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 2019.

6 SEAVIEW DRIVE |

Montecito Oceanfront Condominium

3 Bedrooms | 2.5 All Bathrooms Offered athas$6,150,000 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 Jan 2019. villagesite.com/property/details/19-215/6-seaview-dr-montecito

MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

11

0

average sales price · YTD

average sales price · YTD

$4,817,136

n/a

median sales price · YTD

median sales price · YTD

$2,400,000

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. DRE #01206734. Data taken from CORT Jan 2019.

SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

40

22

average sales price · YTD

average sales price · YTD

$1,669,758

$844,523

median sales price · YTD

median sales price · YTD

$1,491,250

$796,000

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 2019.

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1781 CALLE PONIENTE 3 Bedrooms | 2 Bathrooms | Offered at $1,325,000 villagesite.com/property/details/19-302/1781-calle-poniente-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 2019.

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 2019. villagesite.com/property/details/18-3521/4280-via-esperanza-santa-barbara

HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

4 average sales price · YTD

$9,697,000 median sales price · YTD

$9,575,000

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 2019.

GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

16

14

average sales price · YTD

average sales price · YTD

$1,113,125

$650,000

median sales price · YTD

median sales price · YTD

$944,000

$632,500

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 2019.

224 PALO ALTO DRIVE 4 Bedrooms | 2 Bathrooms | Offered at $859,000 villagesite.com/property/details/19-313/224-palo-alto-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 2019.

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2415 STANWOOD DRIVE 4 Bedrooms | 5 Bathrooms | isOffered atbut$2,595,000 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 2019. villagesite.com/property/details/19-357/2415-stanwood-dr-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