Santa Ynez Valley Real Estate Market Report | Mar 2018 TYD

MARCH real estate market report | 2018

3200 - 3201 CABALLO ROAD

3200 - 3201 CABALLO ROAD 5 Bedrooms | 5 Bathrooms | Offered at $3,290,000 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. villagesite.com/property/details/17-3891/3200-3201-caballo-rd-santa-ynez

IN SUMMARY santa ynez valley · year to date

TOTAL SALES

62

(+3.3% change from 2017)

SINGLE FAMILY RESIDENCE SALES

59

(+7.2% change from 2017)

CONDOMINIUM SALES

3

(-40% 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 santa ynez valley ¡ year to date

The end of the first quarter of 2018 finds the Santa Ynez Valley real estate market looking up. The year to date numbers indicate a 3.3% increase in number of sales over this time last year. The majority of sales have occured in the Solvang area with 25 single family residences and 1 condominium sold year to date.

The number of single family home sales for the first quarter is up from 55 in 2017 to 59 in 2018. The average sales price, compared to 2017, is up 11.5%

and the median sales price is up 4%. The condominium market is down from 5 sales in 2017 to 3 this year. The average sales price over 2017, and the median are both up, despite a drop of 40% in the number of condo sales. Overall, the real estate market is looking strong in the Valley as we wrap up the first quarter sales numbers.

Continue through the following pages to view the numbers in-depth by area.

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.

1994 WINDMILL LANE 4 Bedrooms | 3 Bathrooms | Offered at $895,000 villagesite.com/property/details/18-1061/1994-windmill-ln-solvang

673 HILLSIDE DRIVE 2 Bedrooms | 2.5 Bathrooms | Offered at $575,000 villagesite.com/property/details/17-2402/673-hillside-dr-solvang

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 santa ynez valley · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,088,674

$825,000

+11.5% change from 2016

+4% change from 2016

CONDOMINIUM santa ynez valley · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$552,667

$450,000

+6.3% change from 2016

+14% 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. DRE #01206734. Data taken from CORT March 2018.

552 TAMARIND LANE 4 Bedrooms | 3 Bathrooms | Offered at but $740,000 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 March 2018. villagesite.com/property/details/18-726/552-tamarind-ln-buellton

BUELLTON

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

11

2

average sales price · YTD

average sales price · YTD

$618,218

$435,000

median sales price · YTD

median sales price · YTD

$579,500

$435,000

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.

BALLARD

SINGLE FAMILY RESIDENCES total sales · YTD

1 average sales price · YTD

$1,275,000 median sales price · YTD

$1,275,000

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.

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.

2930 BRAMADERO ROAD 4 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. DRE #01206734. Data taken from CORT March 2018. villagesite.com/property/details/18-302/2930-bramadero-rd-los-olivos

LOS OLIVOS

SINGLE FAMILY RESIDENCES total sales · YTD

1 average sales price · YTD

$633,000 median sales price · YTD

$633,000

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.

SOLVANG

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

25

1

average sales price · YTD

average sales price · YTD

$1,021,919

$785,000

median sales price · YTD

median sales price · YTD

$897,500

$785,000

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.

856 ADOBE CREEK ROAD 3 Bedrooms | 2 Bathrooms | Offered at $1,675,000 villagesite.com/property/details/17-3893/856-adobe-creek-rd-solvang

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.

2701 PEPPER TREE RANCH ROAD 2 Bedrooms | 2 Bathrooms | Offered at $1,295,000 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. villagesite.com/property/details/18-830/2701-pepper-tree-ranch-rd-santa-ynez

SANTA YNEZ

SINGLE FAMILY RESIDENCES total sales · YTD

20 average sales price · YTD

$1,447,675 median sales price · YTD

$859,000

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.

3060 CALLE BONITA 4 Bedrooms | 6 Bathrooms | Offered at $3,995,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it. villagesite.com/property/details/18-1175/3060-calle-bonita-santa-ynez We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT March 2018.

WRAPPING UP santa ynez valley

Are you ready to take advantage of this market?

The Santa Ynez Valley 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.

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