Santa Ynez Valley Real Estate Report through October 2018 | Village Properties Realtors

MARKET REPORT santa ynez valley real estate ¡ october year to date 2018

3090 - 3170 Avenida Caballo, Santa Ynez

3090 - 3170 AVENIDA CABALLO 3 Bedrooms | 4 Bathrooms | Offered at but $5,995,000 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 Jan-Oct 2018. villagesite.com/property/details/18-2551/3090-3170-avenida-caballo-santa-ynez

REVIEW IN NUMBERS october 2018 · santa ynez valley · year to date

TOTAL SALES

234 SINGLE FAMILY RESIDENCE SALES

213

(-8.6% change from 2017)

CONDOMINIUM SALES

21

(+5% 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.

3200 - 3201 CABALLO ROAD 5 Bedrooms | 5 Bathrooms | Offered at $3,190,000 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. villagesite.com/property/details/17-3891/3200-3201-caballo-rd-santa-ynez

SINGLE FAMILY santa ynez valley · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,163,258

$839,000

+8% change from 2017

+4.9% change from 2017

CONDOMINIUM santa ynez valley · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$473,617

$439,065

+2% change from 2017

+7.7% 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.

1227 CAMINO SAN CARLOS 3 Bedrooms | 3 Bathrooms | Offered at $895,000 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. villagesite.com/property/details/18-3736/1227-camino-san-carlos-buellton

BUELLTON

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

35

11

average sales price · YTD

average sales price · YTD

$813,488

$439,406

median sales price · YTD

median sales price · YTD

$599,000

$439,065

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.

SOLVANG / BALLARD SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

104

10

average sales price · YTD

average sales price · YTD

$956,574

$511,250

median sales price · YTD

median sales price · YTD

$836,000

$488,750

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.

2101 DERMANAK DRIVE 4 Bedrooms | 4 Bathrooms | Offered at $2,895,000 villagesite.com/property/details/18-3936/2101-dermanak-dr-solvang

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.

2678 SANTA BARBARA AVENUE 3 Bedrooms | 3 Bathrooms | Offered at $1,695,000 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. villagesite.com/property/details/18-1354/2678-santa-barbara-ave-los-olivos

LOS OLIVOS

SINGLE FAMILY RESIDENCES total sales · YTD

8 average sales price · YTD

$1,187,188 median sales price · YTD

$911,250

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 YNEZ

SINGLE FAMILY RESIDENCES total sales · YTD

66 average sales price · YTD

$1,67 1,525 median sales price · YTD

$1,345,000

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.

3060 CALLE BONITA 4 Bedrooms | 6 Bathrooms | Offered at $3,995,000 villagesite.com/property/details/18-1175/3060-calle-bonita-santa-ynez

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.

2578 SCHOOL STREET 3 Bedrooms | 3 Bathrooms | Offered at $999,900 All information provided is deemed reliable, but has not been verified & we do not guarantee it. villagesite.com/property/details/18-3402/2578-school-st-solvang We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT Jan-Oct 2018.

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