Santa Barbara Real Estate Report through October 2018 | Village Properties Realtors

MARKET REPORT santa barbara real estate · october year to date 2018

3055 Padaro Lane

3055 PADARO LANE 4 Bedrooms | 6 Bathrooms | isOffered atbut$22,000,000 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 Jan - Oct 2018. villagesite.com/property/details/18-3821/3055-padaro-ln-carpinteria

REVIEW IN NUMBERS october 2018 ytd · south santa barbara county

TOTAL SALES

1,530

(-0.1% change from 2017)

SINGLE FAMILY RESIDENCE SALES

1,036

(-7.2% change from 2017)

CONDOMINIUM SALES

494

(+19% 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 Jan - Oct 2018.

Dear Friends, I am pleased to bring you the Real Estate Market Report for October, 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 and Santa Ynez Val-ley.

After a slower start to the year, we are now seeing a brisk fourth quarter in home sales. Even though mortgage rates have increased a little, they are still low. Economic forecasters are predicting there will be a 1% rate increase over the next year, so if you are thinking about buying a home, now is the time to do so.

An interesting fact for 2018 is that 65% of homebuyers in Santa Barbara are lo-cal, and of the remaining 35% only 14% originated from outside of California.

We were honored to run away with a trifecta win in the Independent Best of Santa Barbara 2018 Readers’ Poll. Village Properties was voted the best Real Estate Company, Riskin Partners was voted the best Real Estate Team and Marcy Bazzani won the best Real Estate Agent. We love serving our clients and thank you all for voting for us. We are proud to be your favorites and look for-ward to continuing to serve you with the professionalism and care we always do.

We had a fabulous Halloween at our Montecito office when the Lower Village turned into “Ghost” Village Road. Over 1,500 people in spectacular costumes came by our office for this lively trick-ortreat extravaganza. Many of our agents dressed in delightful costumes and gave away great quantities of candy to happy children. We love to have fun with our local community.

As we celebrate Thanksgiving this month we are acutely aware of how much we have to be thankful for. American writer William Arthur Ward says it well: “Gratitude can transform common days into thanksgivings, turn routine jobs into joy, and change ordinary opportunities into blessings.”

Wishing you a great November and a very happy Thanksgiving.

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 Jan - Oct 2018.

306 E ANAPAMU STREET 2 Bedrooms | 1 Bathroom | Offered at $789,000 villagesite.com/property/details/18-3607/306-e-anapamu-st-santa-barbara

3 N SAN MARCOS ROAD A 2 Bedrooms | 1.5 Bathrooms | Offered at $619,000 villagesite.com/property/details/18-3101/3-n-san-marcos-rd-a-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 Jan - Oct 2018.

SINGLE FAMILY south santa barbara county · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,763,325

$1,200,000

+3% change from 2017

-0.6% change from 2017

CONDOMINIUM south santa barbara county · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$795,983

$681,000

+9% change from 2017

+9% 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 Jan - Oct 2018.

1260 FRANCISCAN COURT 5 2 Bedrooms | 1 Bathroom | Offered at $508,900 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 Jan - Oct 2018. villagesite.com/property/details/18-3725/1260-franciscan-ct-5-carpinteria

CARPINTERIA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

56

69

average sales price · YTD

average sales price · YTD

$1,289,237

$672,058

median sales price · YTD

median sales price · YTD

$1,059,394

$573,000

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 Jan - Oct 2018.

SUMMERLAND

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

9

7

average sales price · YTD

average sales price · YTD

$1,992,611

$1,041,57 1

median sales price · YTD

median sales price · YTD

$1,517,500

$786,000

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 Jan - Oct 2018.

2709 VISTA OCEANO LANE 5 Bedrooms |All8information Bathrooms Guest House | Barn + Apartment | Offered at $26,500,000 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 Jan - Oct 2018. villagesite.com/property/details/17-2889/2709-vista-oceano-ln-summerland

720 EL BOSQUE ROAD 5 Bedrooms | 6 Bathrooms | isOffered atbut$4,999,000 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 Jan - Oct 2018. villagesite.com/property/details/18-2337/720-el-bosque-rd-santa-barbara

MONTECITO

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

122

22

average sales price · YTD

average sales price · YTD

$4,301,381

$1,790,068

median sales price · YTD

median sales price · YTD

$2,812,500

$1,367,250

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 Jan - Oct 2018.

SANTA BARBARA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

545

211

average sales price · YTD

average sales price · YTD

$1,394,945

$827,289

median sales price · YTD

median sales price · YTD

$1,227,000

$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 Jan - Oct 2018.

221 ROMAINE DRIVE 4 Bedrooms | 2 Bathrooms | Offered at $1,095,000 villagesite.com/property/details/18-37 11/221-romaine-dr-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 Jan - Oct 2018.

4142 MARIPOSA DRIVE 4 Bedrooms | 4 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 Jan - Oct 2018. villagesite.com/property/details/18-2945/4142-mariposa-dr-santa-barbara

HOPE RANCH

SINGLE FAMILY RESIDENCES total sales · YTD

36 average sales price · YTD

$4,870,833 median sales price · YTD

$3,722,500

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 Jan - Oct 2018.

GOLETA

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

268

185

average sales price · YTD

average sales price · YTD

$1,030,661

$678,991

median sales price · YTD

median sales price · YTD

$915,750

$678,000

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 Jan - Oct 2018.

5344 PASEO RIO 4 Bedrooms | 3 Bathrooms | Offered at $1,695,000 villagesite.com/property/details/18-3881/5344-paseo-rio-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 Jan - Oct 2018.

827 MARGO STREET, MESA 4 Bedrooms | 3 Bathrooms | isOffered atbut$2,195,000 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 Jan - Oct 2018. villagesite.com/property/details/18-3849/827-margo-st-santa-barbara

LOOKING FORWARD Village Properties offers unparalleled real estate services in Santa Barbara, California and the surrounding communities. Our knowledgeable, connected agents are committed to providing you with the finest professional real estate services available.

For over 20 years Village Properties has earned a reputation for doing what is right and are proud to have grown a team of agents who are courteous, fair, loyal and trustworthy.

Take advantage of today’s market. 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