Santa Barbara Real Estate Report March 2019 | Village Properties Realtors

MARKET REPORT santa barbara real estate · through march 2019

705 Riven Rock Road

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705 RIVEN ROCK ROAD 5 Bedrooms | 8 Bathrooms | Offered at but $17,300,000 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 through Mar 2019. villagesite.com/property/details/19-731/705-riven-rock-rd-montecito

REVIEW IN NUMBERS march 2019 ytd · south santa barbara county

TOTAL SALES

411

(+21% change from 2018)

SINGLE FAMILY RESIDENCE SALES

267

(+8.5% change from 2018)

CONDOMINIUM SALES

144

(+53% 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 Mar 2019.

Dear Friends, I am pleased to bring you the Real Estate Market Report for March, 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, Santa Ynez Valley, and beyond.

Homes sales for the first quarter of 2019 are off to a strong start, 21% above last year. The inventory of homes available remains steady. Interest rates for 15 and 30 year fixed rates are staying low, between 3.75% and 4.125%, making it easier for buyers to qualify for home purchasing. The median home price in our area is inching up. It is a good time for buyers to take advantage of the slowly rising market.

This month Village Properties celebrated the opening of our fifth office in the beautiful new mixeduse building at 1296 Coast Village Road in Montecito. Nestled between Heather James Fine Art and Folded Hills Tasting Room, we are in another great location for our agents to meet with clients, old and new.

As we continue to grow, we never forget the founding values of our company. We are dedicated to being the highest quality full-service real estate company in our community, comprised of agents who

are dedicated, highly trained and competent real estate professionals. We put our buyers and sellers at the center of our services, making them feel welcome and valued, providing them a world-class experience, using our portfolio of local and global brands.

Thank you for trusting Village Properties as your local real estate company of choice. We feel honored to serve you. We offer up-to-the-minute real estate market data for our local area, and have the very best tools to assist our buyers and sellers with their real estate needs throughout 2019. ** Fun Fact: There’s a building in Japan with a highway going through its fifth, sixth and seventh floors. The highway is listed as the tenant on all three floors. ** 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 Mar 2019.

1427 TUNNEL ROAD 3 Bedrooms | 2 Bathrooms | Offered at $1,425,000 villagesite.com/property/details/18-2069/1427-tunnel-rd-santa-barbara

7064 MARYMOUNT WAY 2 Bedrooms | 1.5 Bathrooms | Offered at $599,000 villagesite.com/property/details/19-917/7064-marymount-way-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 through Mar 2019.

SINGLE FAMILY south santa barbara county · march 2019 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,967,424

$1,250,000

+6% change from 2018

-1.2% change from 2018

CONDOMINIUM south santa barbara county · march 2019 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$783,319

$702,500

-5.7% 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 Mar 2019.

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1256 CRAVENS LANE 1 3 Bedrooms | 3 Bathrooms | isOffered atbut$859,000 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 Mar 2019. villagesite.com/property/details/19-964/1256-cravens-ln-1-carpinteria

CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

28

15

average sales price · YTD

average sales price · YTD

$2,184,500

$541,833

median sales price · YTD

median sales price · YTD

$1,043,250

$540,000

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 Mar 2019.

SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

3

1

average sales price · YTD

average sales price · YTD

$1,848,333

$799,000

median sales price · YTD

median sales price · YTD

$1,900,000

$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 Mar 2019.

2173 LILLIE AVENUE 3 Bedrooms - Bedrooms| 2 | Bathrooms - Bathrooms| |Offered Offered atat $1,195,000 $---,000 villagesite.com/property/details/19-522/2173-lillie-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 through Mar 2019.

2220 E VALLEY ROAD 4 Bedrooms | 4 Bathrooms | isOffered atbut$3,495,000 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 through Mar 2019. villagesite.com/property/details/19-885/2220-e-valley-rd-montecito

MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

28

5

average sales price · YTD

average sales price · YTD

$4,505,786

$1,908,300

median sales price · YTD

median sales price · YTD

$2,850,500

$1,525,000

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 Mar 2019.

SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

125

56

average sales price · YTD

average sales price · YTD

$1,529,011

$890,973

median sales price · YTD

median sales price · YTD

$1,258,000

$815,250

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 Mar 2019.

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869 CLARK ROAD 3 Bedrooms | 2 Bathrooms | Offered at $1,595,000 villagesite.com/property/details/19-1109/869-clark-rd-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 through Mar 2019.

4178 CRESTA AVENUE 5 Bedrooms | 5.5 All Bathrooms Offered athas$6,995,000 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 Mar 2019. villagesite.com/property/details/18-1547/4178-cresta-ave-santa-barbara

HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

9 average sales price · YTD

$6,424,667 median sales price · YTD

$4,350,000

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 Mar 2019.

GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

74

67

average sales price · YTD

average sales price · YTD

$1,128,122

$663,216

median sales price · YTD

median sales price · YTD

$987,500

$650,000

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 Mar 2019.

72 TOURAN LANE 4 Bedrooms | 2.5 Bathrooms | Offered at $1,139,000 villagesite.com/property/details/19-1121/72-touran-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. DRE #01206734. Data taken from CORT through Mar 2019.

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1363 VIA VENETO 4 Bedrooms | 6 Bathrooms | isOffered atbut$3,195,000 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 Mar 2019. villagesite.com/property/details/19-848/1363-via-veneto-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