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MARKET REPORT santa barbara real estate · through november 2020

780 RIVEN ROCK ROAD

locally owned globally connected

Lic #01206734


780 RIVEN ROCK ROAD 7 Bedrooms | 7 FullAllBathrooms | deemed 2 Half Bathrooms | Offered $12,500,000 information provided is reliable, but has not been verified & we do notat guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Nov 2020. View the property >


REVIEW IN NUMBERS november 2020 ytd · south santa barbara county

TOTAL SALES

1,887 SINGLE FAMILY RESIDENCE SALES

1,351

CONDOMINIUM SALES

536 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 Nov 2020.


Dear Clients, Friends and Family, As we move into the final days of 2020 it is a time to reflect on a year that has been far from normal. In the real estate industry we have seen unprecedented trends and changes. We have stayed up to the minute with continuously changing regulations, which has often been very challenging. At Village Properties, our top priority has been keeping our clients and agents safe and healthy, vigilantly following the very strict showing and safety guidelines that our Governor has required of our industry. After an almost dead real estate market in March, April and May, we saw an incredible surge in home sales and prices, and this trend does not appear to be slowing. People from all over our state, and in fact the USA, have ear-marked our beautiful area as a relatively safe and definitely very desirable location to live. The Year-to-Date Median Price is up 20% from last year. The shrinking inventory due to record sales, as well as the continued high demand indicates that our prices will continue to rise in certain markets. Our agents are skilled at helping their sellers price and prepare their homes, ensuring they receive the highest possible price in this type of market.


Continued low interest rates mean that it is a good time for buyers to invest in a new home. Navigating multiple offer situations (which are not uncommon at the moment) requires an agent with local market expertise, exceptional skills and the very best real estate tools. Our highly trained Village Properties agents definitely meet these criteria. Despite the challenges we have all faced, we are proud to have helped 794 homeowners either sell or buy this year, helping them make their dreams and desires come to fruition. As we close out 2020, we want to wish you a very Happy Holiday season and look forward to continuing to serve you in 2021. I leave you with this quote that is so relevant for the challenges of today. “Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.� ~ Thomas Edison 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 Nov 2020.


1049 TUNNEL ROAD 5 Bedrooms | 3 Bathrooms | Offered at $2,895,000 View the property >

4021 OTONO DRIVE B 3 Bedrooms | 2.5 Bathrooms | Offered at $930,000 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 Nov 2020.


SINGLE FAMILY south santa barbara county · november 2020 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$2,379,375

$1,506,500

+22% change from 2019

+20% change from 2019

CONDOMINIUM south santa barbara county · november 2020 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$886,352

$753,000

+12% change from 2019

+8% change from 2019

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 Nov 2020.


4455 CARPINTERIA AVENUE 3 Bedrooms | 2.5 All Bathrooms Offered athas$825,000 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 Nov 2020. View the property >


CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

78

62

average sales price · YTD

average sales price · YTD

$1,753,597

$689,105

median sales price · YTD

median sales price · YTD

$1,061,750

$565,000

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 Nov 2020.


SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

37

4

average sales price · YTD

average sales price · YTD

$2,781,473

$798,250

median sales price · YTD

median sales price · YTD

$2,180,000

$762,000

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 Nov 2020.


2173 2623 LILLIE CASPIA AVENUE LANE -4Bedrooms Bedrooms | 3.5 - Bathrooms Bathrooms | Offered Offeredatat$3,195,000 $---,000 villagesite.com/property/details/18-2445/------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 Nov 2020.


516 CROCKER SPERRY DRIVE 3 or 4 Bedrooms | All 5.5 Bathrooms | reliable, Offered $4,488,000 information provided is deemed but has notat been verified & we do not guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Nov 2020. View the property >


MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

297

45

average sales price · YTD

average sales price · YTD

$4,967,158

$1,7 18,456

median sales price · YTD

median sales price · YTD

$3,607,500

$1,600,000

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 Nov 2020.


SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

599

240

average sales price · YTD

average sales price · YTD

$1,597,488

$933,070

median sales price · YTD

median sales price · YTD

$1,395,000

$800,000

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 Nov 2020.


5560 CAMINO GALEANA 3 Bedrooms | 3 Full Bathrooms | Offered at $1,695,000 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 Nov 2020.


4002 CUERVO AVENUE 5 Bedrooms | 3.5 All Bathrooms Offered athas$3,975,000 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 Nov 2020. View the property >


HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

42 average sales price · YTD

$4,228,436 median sales price · YTD

$3,442,500

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 through Nov 2020.


GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

298

185

average sales price · YTD

average sales price · YTD

$1,225,185

$691,351

median sales price · YTD

median sales price · YTD

$1,050,000

$730,000

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 Nov 2020.


6188 STOW CANYON ROAD 3 Bedrooms | 2 Bathrooms | Offered at $949,000 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 Nov 2020.


4609 VIA GENNITA 4 Bedrooms | 3 Bathrooms | isOffered atbut$2,095,000 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 Nov 2020. View the property >


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 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 Nov 2020.

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