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

MARKET REPORT santa ynez valley real estate · september year to date 2018

6903 Foxen Canyon Road

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 Jan-Sept 2018. villagesite.com/property/details/18-522/6903-foxen-canyon-rd-los-olivos

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

TOTAL SALES

215 SINGLE FAMILY RESIDENCE SALES

196

(-7% change from 2017)

CONDOMINIUM SALES

19

(0% change from 2017)

All information provided is deemed reliable, but has not been verified & wedonotguaranteeit. Werecommendthatbuyersmaketheirowninquiries. DRE #01206734. Data taken from CORT Jan-Sept2018.

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

The economy continues to grow and consumer confidence is up. The stronger than expected economic data released this week meant that mortgage rates climbed and reached their highest levels in many years.

Santa Barbara property values have appreciated for the past seven years in a row. September has shown a definite slowdown in home sales, following a very strong August. The number of homes available for sale is up, but the median price has flattened out at $1,200,000. There are great opportunities for buyers as the California housing supply continues to lag behind the increasing demand. If anyone is thinking about purchasing a new home, now is the time to do so.

Our Back-to-School Client Appreciation Ice-Cream Party on September 28th was a huge success.

McConnell’s Big Blue ice-cream truck served well over 150 guests with mouth-watering treats. The

Teacher’s Fund drawing for a sunset cruise for six, raised close to $4,000 for our local Santa Barbara County teachers. The following day, over 40 Village Properties agents participated in the Heartwalk, raising another $5,560 for the American Heart Association.

Every Halloween, “Ghost” Village Road attracts over 1,500 people in costume and ready for treats.

The Lower Village turns into a lively daytime trick-or-treating extravaganza, and we are prepared for the exciting event. Children and their parents walk up and down the entire stretch of the road, collecting as much candy as possible. Don’t forget to dress up and come by our Montecito office at 1250 Coast Village Road on October 31, from 3:00 - 6:00pm for “Ghost” Village Halloween Celebrations.

Wishing you a happy, successful October and a very happy Halloween.

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-Sept 2018.

223 VALHALLA DRIVE 3 Bedrooms | 3 Bathrooms | Offered at $1,145,000 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-Sept 2018. villagesite.com/property/details/18-836/223-valhalla-dr-solvang

SINGLE FAMILY santa ynez valley · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,182,433

$852,500

+8.4% change from 2017

+6% change from 2017

CONDOMINIUM santa ynez valley · year to date

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$47 1,416

$435,000

+0.1% change from 2017

+6% 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-Sept 2018.

541 LEHIGH LANE 2 Bedrooms | 3 Bathrooms | Offered at $450,000 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-Sept 2018. villagesite.com/property/details/18-2954/541-lehigh-ln-buellton

BUELLTON

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

31

10

average sales price · YTD

average sales price · YTD

$818,487

$439,440

median sales price · YTD

median sales price · YTD

$599,000

$435,000

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-Sept 2018.

SOLVANG / BALLARD SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

99

9

average sales price · YTD

average sales price · YTD

$960,906

$509,955

median sales price · YTD

median sales price · YTD

$840,000

$435,000

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-Sept 2018.

2578 SCHOOL STREET 3 Bedrooms | 3 Bathrooms | Offered at $1,040,000 villagesite.com/property/details/18-3402/2578-school-st-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-Sept 2018.

5200 ZACA STATION ROAD 8 Bedrooms | 8 Bathrooms | Offered at but $6,900,000 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-Sept 2018. villagesite.com/property/details/18-963/5200-zaca-station-rd-los-olivos

LOS OLIVOS

SINGLE FAMILY RESIDENCES total sales · YTD

7 average sales price · YTD

$1,274,643 median sales price · YTD

$957,500

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-Sept 2018.

SANTA YNEZ

SINGLE FAMILY RESIDENCES total sales · YTD

59 average sales price · YTD

$1,734,435 median sales price · YTD

$1,465,000

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-Sept 2018.

1021 NORTH REFUGIO ROAD 3 Bedrooms | 2 Bathrooms | Offered at $1,325,000 villagesite.com/property/details/18-1910/1021-n-refugio-rd-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-Sept 2018.

1240 VIA DINERO #SI 4 Bedrooms | 4 Bathrooms | Offered at $2,595,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it. villagesite.com/property/details/17-726/1240-via-dinero-sl-solvang We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT Jan-Sept 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