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MARKET REPORT santa barbara real estate · through october 2020

545 TORO CANYON ROAD

locally owned globally connected

Lic #01206734


545 TORO CANYON ROAD Valley Heart Ranch All | information Offered at $14,900,000 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 Oct 2020. View the property >


REVIEW IN NUMBERS october 2020 ytd · south santa barbara county

TOTAL SALES

1,683 SINGLE FAMILY RESIDENCE SALES

1,203

CONDOMINIUM SALES

480 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 Oct 2020.


Dear Clients, Friends and Family, Another month has flown by and we continue to see exceptionally strong Santa Barbara and Santa Ynez Valley real estate markets, with October sales way up from last year. The median price of homes in our area continues to rise and is now up 17% from 2019. This has partly been fueled by the strong demand for higher priced homes in Montecito and Hope Ranch, but even without the very high end market sales, the median home price for the rest of the areas is up 12% from last year. October pending home sales soared and were 25% above those of October 2019, so we should expect to seen strong November sales as well, reflecting these numbers. This robust demand for homes in Santa Barbara and Santa Ynez means that we are very low on inventory. Despite the fact that we are heading into the holidays, it is still an excellent time to sell your home. If you are thinking about maybe selling your home or are even a little bit curious about its value in this ever strengthening market, please contact one of our Village Properties agents for an in-depth market analysis of your home. Our agents know our local market intricacies extremely well and provide excellent service for our clients in this current fast-paced market.


As we head towards Thanksgiving I am truly grateful to all our clients, friends, and local community who we have shared this year with. It has been a year of many challenges for so many, yet together we have learned to pivot, help each other, and overcome difficulty. We give thanks for all of you and for the many blessings we have here in our beautiful Santa Barbara and Santa Ynez Valley. From all of us here at Village Properties we wish you a wonderful Thanksgiving, full of heartfelt warmth and celebration of all the good we have in our lives. 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 Oct 2020.


2228 STATE STREET 4 Bedrooms | 2 Bathrooms | Offered at $1,495,000 View the property >

5950 ENCINA ROAD 2 2 Bedrooms | 2 Bathrooms | Offered at $729,000 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 Oct 2020.


SINGLE FAMILY south santa barbara county · october 2020 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$2,352,921

$1,494,000

+21% change from 2019

+20% change from 2019

CONDOMINIUM south santa barbara county · october 2020 ytd

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$881,565

$740,000

+14% change from 2019

+7% 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 Oct 2020.


3375 FOOTHILL ROAD #122 2 Bedrooms | 2 Bathrooms | isOffered atbut$749,000 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 Oct 2020. View the property >


CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

67

57

average sales price · YTD

average sales price · YTD

$1,848,001

$699,781

median sales price · YTD

median sales price · YTD

$1,076,000

$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 Oct 2020.


SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

15

4

average sales price · YTD

average sales price · YTD

$1,612,667

$798,250

median sales price · YTD

median sales price · YTD

$1,525,000

$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 Oct 2020.


2173 2623 LILLIE CASPIA AVENUE LANE 4 - Bedrooms Bedrooms | | 3.5 - Bathrooms Bathrooms | | Offered Offered atat $3,380,000 $---,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 Oct 2020.


1185 FIFE LANE 5 Bedrooms | 6 Full Bathrooms | 1 reliable, HalfbutBathrooms | weOffered atit. $5,295,000 All information provided is deemed has not been verified & do not guarantee We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Oct 2020. View the property >


MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

260

41

average sales price · YTD

average sales price · YTD

$4,853,748

$1,7 18,122

median sales price · YTD

median sales price · YTD

$3,455,000

$1,625,000

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 Oct 2020.


SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

506

214

average sales price · YTD

average sales price · YTD

$1,441,627

$924,191

median sales price · YTD

median sales price · YTD

$1,242,500

$775,000

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 Oct 2020.


1556 LA VISTA ROAD 4 Bedrooms All|information 4 Full Bathrooms | 2 Half Bathrooms | Offered at $4,395,000 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 Oct 2020. View the property >


4655 VIA HUERTO 2 Bedrooms | 2 Bathrooms | isOffered atbut$3,250,000 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 Oct 2020. View the property >


HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

41 average sales price · YTD

$4,259,691 median sales price · YTD

$3,485,000

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 Oct 2020.


GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

271

164

average sales price · YTD

average sales price · YTD

$1,219,674

$682,018

median sales price · YTD

median sales price · YTD

$1,045,500

$7 12,500

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 Oct 2020.


5052 ROCOSO WAY 3 Bedrooms | 2 Bathrooms | Offered at $899,000 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 Oct 2020.


2029/2031 CHAPALA STREET Duplex | Unit 1: 2 All Beds/ 1 Bath Unit 2: but Studio Offered $1,150,000 information provided is |deemed reliable, has not been|verified & we do notat guarantee it. We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT through Oct 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 Oct 2020.

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