Real Estate Market Report | March 2018

MARCH real estate market report | 2018

1908 BOUNDARY DRIVE

1908 BOUNDARY DRIVE 4 Bedrooms | 4 Bathrooms | is3deemed Halfreliable, Bathrooms | Offered at $8,695,000 All information provided but has not been verified & we do not guarantee it.

We recommend that buyers make their own inquiries.

DRE #01206734.

Data taken from CORT March 2018. villagesite.com/property/details/18-1193/1908-boundary-dr-montecito

IN SUMMARY south santa barbara county

TOTAL SALES

140

(-1% change from 2017)

SINGLE FAMILY RESIDENCE SALES

100

(+1% change from 2017)

CONDOMINIUM SALES

40

(-9% 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 March 2018.

IN SUMMARY south santa barbara county

The end of the first quarter of 2018 finds the Santa Barbara South Coast real estate market on solid footing. There are 3.75 months of inventory which is indicative of a steady sellers’ market.

The number of single family home sales for the month of March 2018 is on par with the same month a year ago; 100 and 99 respectively. The average sales price, compared to 2017, is up 7.7% and the median sales price is up 2.2%.

The condominium market has a striking 47% surge in average sales price over March 2017, and the median is up a strong 31%, despite a drop of 9% in the number of condo sales. This is likely a result of the spike in higher end condominiums coming on the market in the downtown area as well as in beach neighborhoods. The community of Montecito had 13 sales in the month of March; ten single family homes and three condos. Since January, market data is showing a stabilizing of the Montecito real estate market, which is an encouraging trend and one to watch in the months to come.

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 March 2018.

3038 PASEO DEL REFUGIO 3 Bedrooms | 2 Bathrooms | Offered at $1,295,000 villagesite.com/property/details/18-1151/3038-paseo-del-refugio-santa-barbara

543 E MONTECITO STREET 3 Bedrooms | 2.5 Bathrooms | Offered at $950,000 villagesite.com/property/details/18-1047/543-e-montecito-st-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 March 2018.

SINGLE FAMILY south santa barbara county

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,973,445

$1,262,500

+7.7% change from 2017

+2.2% change from 2017

CONDOMINIUM south santa barbara county

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$959,063

$792,500

+47% change from 2017

+31% 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 March 2018.

1145 CALLE LAGUNITAS 3 Bedrooms | 2.5 All Bathrooms Offered athas$895,000 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 March 2018. villagesite.com/property/details/18-1004/1145-calle-lagunitas-carpinteria

CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

6

5

average sales price

average sales price

$1,634,167

$636,600

median sales price

median sales price

$990,000

$629,000

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 March 2018.

SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

1

2

average sales price

average sales price

$649,000

$677,500

median sales price

median sales price

$649,000

$677,500

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 March 2018.

2709 VISTA OCEANO LANE 5 Beds / 8 Bath Main House | Guest House Barn + Apartment Pool Cabana | $26,500,000 All information provided is deemed reliable, 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. DRE #01206734. Data taken from CORT March 2018.

537 PERIWINKLE LANE 3 Bedrooms | 2 Bathrooms | isOffered atbut$2,900,000 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 March 2018. villagesite.com/property/details/18-1049/537-periwinkle-ln-santa-barbara

MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

10

3

average sales price

average sales price

$6,521,150

$1,974,833

median sales price

median sales price

$3,902,500

$2,100,000

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 March 2018.

SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

47

24

average sales price

average sales price

$1,417,957

$954,917

median sales price

median sales price

$1,433,500

$830,000

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 March 2018.

2715 CLINTON TERRACE 2 Bedrooms | 2 Bathrooms | Offered at $1,200,000 villagesite.com/property/details/18-1153/27 15-clinton-ter-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 March 2018.

999 CAMINO MEDIO 3 Bedrooms | 3 Bathrooms | isOffered atbut$3,497,000 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 March 2018. villagesite.com/property/details/18-1125/999-camino-medio-santa-barbara

HOPE RANCH

SINGLE FAMILY RESIDENCES total sales

7 average sales price

$3,563,57 1 median sales price

$3,400,000

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 March 2018.

GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales

total sales

29

5

average sales price

average sales price

$1,037,586

$835,333

median sales price

median sales price

$840,000

$805,000

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 March 2018.

4644 CHILON WAY 5 Bedrooms | 3 Bathrooms | Offered at $1,049,000 villagesite.com/property/details/18-654/4644-chilon-way-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 March 2018.

924 GARDEN STREET 2 Bedrooms | 2 Bathrooms | isOffered atbut$2,495,000 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 March 2018. villagesite.com/property/details/18-1083/924-garden-st-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 from CORT and 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