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

MARKET REPORT santa ynez valley real estate · year end 2018

1920 Westerly Road, Santa Ynez

1920 WESTERLY ROAD 6 Bedrooms | 10 Bathrooms | isOffered atbut $6,995,000 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-Dec 2018. villagesite.com/property/details/14-2405/1920-westerly-rd-santa-ynez

REVIEW IN NUMBERS year end 2018 · santa ynez valley

TOTAL SALES

256

(-14% change from 2017)

SINGLE FAMILY RESIDENCE SALES

235

(-15% 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-Dec2018.

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

We are pleased to report that our fourth quarter home sales ended with a very strong finish, despite the tragedies of the Thomas Fire and Debris Flow that had such a devastating effect on our community and the real estate market at the beginning of the year. We are so proud of our agents who have worked so hard for their clients, ensur-ing that their transactions went as smoothly as possible. Their commitment and diligence led to our strongest fourth quarter since we began Village Properties almost 23 years ago.

In early December, two of our Village Properties agents were honored with awards from the Santa Barbara Association of Realtors. Outgoing President of the SBAOR, David Kim, deservedly won the Realtor of the Year Award for 2018. David was recognized, in part, for his “extraordinary willingness and personal example of consistent support to the real estate industry.” In accepting his award, Kim commented “I thank my lucky stars every day that I am able to serve this community.”

In a very moving tribute, the inaugural Realtor Award of Excellence was awarded to Rebecca Riskin posthumously. Inscribed on the plaque, which was received by her son Robert of Riskin Partners, were

the words, “in recognition of her most distinguished career, history of excellence and collaboration, willingness to share knowledge with others, and her well-earned reputation for demonstrating the highest standards of ethics and professionalism. Rebecca’s legacy cannot be understated and her contribu-tions to our professional community will continue to elevate the industry for years to come.”

Indeed, Rebecca left a tremendous legacy behind, and would have been so honored that her team, Riskin Partners, were the #1 selling team in Santa Barbara for 2018.

As we begin a new year I want to thank all of our clients who have bought or sold homes with Village Properties in 2018. We are thankful for your trust in us as your local Real Estate company. We are committed to excellence and are here for our clients not only through the processes of the real estate transaction, but also after the close of escrow. Service to our community is very important to us, and we love giving back to this wonderful community we are so thankful to call home.

Wishing you a prosperous and happy new year.

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-Dec 2018.

2101 DERMANAK DRIVE 4 Bedrooms | 4 Bathrooms | Offered at $2,895,000 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-Dec 2018. villagesite.com/property/details/18-3936/2101-dermanak-dr-solvang

SINGLE FAMILY santa ynez valley · year end 2018

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$1,173,660

$840,000

+10% change from 2017

+8% change from 2017

CONDOMINIUM santa ynez valley · year end 2018

AVERAGE SALES PRICE

MEDIAN SALES PRICE

$473,617

$439,065

-2% change from 2017

+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-Dec 2018.

37 BUNDY CIRCLE 3 Bedrooms | 2 Bathrooms | Offered at $580,000 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-Dec 2018. villagesite.com/property/details/18-3694/37-bundy-cir-buellton

BUELLTON

SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

38

11

average sales price · YTD

average sales price · YTD

$799,940

$439,406

median sales price · YTD

median sales price · YTD

$631,250

$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-Dec 2018.

SOLVANG / BALLARD SINGLE FAMILY RESIDENCES

CONDOMINIUM HOMES

total sales · YTD

total sales · YTD

112

10

average sales price · YTD

average sales price · YTD

$952,323

$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-Dec 2018.

2096 STILL MEADOW ROAD 4 Bedrooms | 3 Bathrooms | Offered at $1,495,000 villagesite.com/property/details/19-87/2096-still-meadow-rd-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-Dec 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-Dec 2018. villagesite.com/property/details/18-1354/2678-santa-barbara-ave-los-olivos

LOS OLIVOS

SINGLE FAMILY RESIDENCES total sales · YTD

10 average sales price · YTD

$1,189,250 median sales price · YTD

$951,250

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-Dec 2018.

SANTA YNEZ

SINGLE FAMILY RESIDENCES total sales · YTD

75 average sales price · YTD

$1,691,462 median sales price · YTD

$1,315,000

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-Dec 2018.

3374 MANZANA STREET 3 Bedrooms | 3 Bathrooms | Offered at $869,000 villagesite.com/property/details/18-4374/3374-manzana-st-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-Dec 2018.

334 WICKENDEN STREET 3 Bedrooms | 3 Bathrooms | Offered at $440,000 All information provided is deemed reliable, but has not been verified & we do not guarantee it. villagesite.com/property/details/18-4383/334-wickenden-st-los-alamos We recommend that buyers make their own inquiries. DRE #01206734. Data taken from CORT Jan-Dec 2018.

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