Santa Ynez Valley Real Estate Report through May 2019 | Village Properties Realtors

MARKET REPORT santa ynez valley real estate · through may 2019

3930 Indian Way

Lic #01206734

3930 INDIAN WAY 4 Bedrooms | 5 Bathrooms | Offered at but $5,400,000 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 May 2019.

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REVIEW IN NUMBERS may 2019 ytd · santa ynez valley

TOTAL SALES

100

SINGLE FAMILY RESIDENCE SALES

84

(-17% change from 2018)

CONDOMINIUM SALES

16

(+78% 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 May 2019.

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

School is out and it is time to celebrate summer fun and holidays. Traditionally this is a time of year when people move, homes are listed, and lifestyle changes ensue. Our experienced, well-trained agents understand our local market and are among the best to help bring these exciting life changes into reality for our clients.

I recently attended a local economic forecast presentation where the speaker confirmed the homesales trends we are seeing in our local market. Locally the number of sales are up, even though sales statewide are not. Inventory is increasing, giving buyers more choice. We are enjoying activity in all price ranges and there is no indication of an imminent recession in our area. We have a vibrant market in Santa Barbara and the Santa Ynez Valley. Interestingly, 80% of buyers in our area are purchasing homes as their primary residence. Out-of-area buyers make up 32% of all buyers.

Village Properties ensures that our agents understand our local market, making them the best choice for both sellers and buyers. We work with Affiliates from all over the state, across the country, and the globe, marketing our listings to those specific areas we know buyers are coming from for that particular property. Understanding the current market trends in our neighborhoods means that we know how to help buyers find the home that is right for them in today’s market. ** Fun Fact: From 1908-1940 Sears, Roebuck & Co. sold about 70,000-75,000 mail order houses.

They arrived as a kit & came with most modern conveniences.

Thank you to our clients who continue to choose Village Properties as their company of choice. We are proud to serve you with excellence and care.

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 May 2019.

475 PHEASANT CANYON COURT 4 Bedrooms | 3.5 All Bathrooms | Offered at $789,000 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 May 2019.

View the property >

SINGLE FAMILY santa ynez valley · may 2019 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,096,635

$792,500

-3% change from 2018

-5.5% change from 2018

CONDOMINIUM santa ynez valley · may 2019 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$496,617

$490,000

-0.1% change from 2018

+9% 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 May 2019.

466 HAWK CANYON COURT 4 Bedrooms | 4 Bathrooms | Offered at but $780,000 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 May 2019.

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BUELLTON

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

14

9

average sales price · YTD

average sales price · YTD

$586,635

$503,819

median sales price · YTD

median sales price · YTD

$589,093

$504,000

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 May 2019.

SOLVANG / BALLARD SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

38

7

average sales price · YTD

average sales price · YTD

$1,143,263

$487,357

median sales price · YTD

median sales price · YTD

$867,000

$460,000

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 May 2019.

596 RANCH LANE 4 Bedrooms | 3 Bathrooms | Offered at $749,000 View the property >

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 May 2019.

6903 FOXEN CANYON ROAD 5 Bedrooms | 7 Bathrooms | Offered at $16,500,000 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 May 2019.

View the property >

LOS OLIVOS

SINGLE FAMILY RESIDENCES total sales · YTD

9 average sales price · YTD

$1,269,028 median sales price · YTD

$1,121,250

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 May 2019.

SANTA YNEZ

SINGLE FAMILY RESIDENCES total sales · YTD

23 average sales price · YTD

$1,262,573 median sales price · YTD

$890,000

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 May 2019.

3421 NUMANCIA STREET 2 Bedrooms | 1.5 Bathrooms | Offered at $575,000 View the property >

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 May 2019.

1105 FREDENSBORG CANYON ROAD 3 Bedrooms | 5 Bathrooms | Offered at $3,695,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it.

View the property > We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through May 2019.

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