Aug
14

MONTHLY REAL ESTATE ROUNDUP AUGUST 2017

SANTA BARBARA AND SANTA YNEZ VALLEY MARKET STATS

August 2017 real estate roundup

We hope that you are enjoying your summer. With a quick note, we would like thank everyone so far who has voted for us online as the Best Real Estate Team, in The Santa Barbara Independent “Best of the Best.”  If you haven’t already voted, we would sure like it it if you would take the time to log into The Santa Barbara Independent and vote here.

You need to vote for 20 items, of which, Best Real Estate Team, Randy Freed and Kellie Clenet, and Best Real Estate Company Berkshire Hathaway HomeServices. Voting ends on August 17th, so there is still time to vote. We would appreciate it very much.

Santa Barbara prices

Single Family & pLANNED UNIT DEVELOPMENT

Total Current Listings: 405
# of Single Family & Planned Development Homes Priced under $1,000,000: 61
Lowest Priced: $550,000 - 324 W. Ortega St
Highest Priced: $85,000,000 29,000 sq ft estate on 237 acres on E. Valley Rd in Montecito

cONDOS

Total Current Listings: 101
# of Condos Priced under $1,000,000: 84
Lowest Priced: $450,000 2 bedroom 2 bath in Carp
Highest Priced: $5,550,000 2 bedroom 2.5 bath Bonnymeade

santa ynez valley prices

single family

Total Current Homes: 167
# of Single family homes priced under $1,000,000: 88
Lowest Price: $489,000 2 bedroom home in Alisal Ranch - Lease land
Lowest Priced: $515,000 3 bedroom home in Rancho de Maria, Buellton
Highest Priced: $14,900,000 6,500 sq ft home on 116 acres in Happy Canyon area

condos

Total Current Listings: 11
Lowest Priced: $315,000 1 bedroom condo in Buellton
Highest Priced: $749,000 4 bedroom Hillside condo in Solvang

santa barbara real estate update:

single family homes:

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
July-2017 89 $1,125,000 $1,694,083 $1,130,000 $1,568,599
July-2016 83 $1,249,000 $1,912,625 $1,210,000 $1,810,035

single family homes: january 1st-july 31st

2016 2017 % Up or Down
# Sold Prices: 625 675 Up + 7.4%
Median Sold Price: $1,200,000 $1,230,000 Up + 2.5%
Median Sold Price: $1,005,000 $1,055,000 Up + 4.7% w/o Hope Ranch & Montecito
Average Sold Price: $1,756,073 $1,720,322 Down - 2.0%
Average Sold Price: $1,256,073 $1,339,503 Up + 6.2% w/o Hope Ranch & Montecito

residential: january-july 2013-2017

Year # of Properties Sold Median Sold Price
2017 675 $1,230,000
2016 625 $1,200,000
2015 708 $1,122,500
2014 608 $1,123,000
2013 764 $ 925,000

condos

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
July-2017 40 $644,500 $948,584 $639,500 $920,901
July-2016 33 $599,000 $699,884 $599,000 $690,085

condos: january 1st- july 31st

2016 2017 % Up or Down
# of Sold Properties: 236 243 Up + 2.8%
Median Sold Price: $635,000 $619,000 Down - 2.5%
Median Sold Price: $610,000 $597,000 Down - 2.1% w/o Montecito
Average Sold Price: $787,326 $732,027 Down - 7%
Average Sold Price: $692,081 $685,696 Down - 0.9% w/o Montecito

condos: january-july 2013-2017

Year # of Properties Sold Median Sold Price
2017 243 $619,000
2016 236 $635,000
2015 328 $565,000
2014 237 $545,000
2013 262 $498,750

santa ynez valley real estate update:

(single family homes, condos, & planned developments)

HOMES- ranches- estates

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
July-2017 10 $765.806 $742,888 $743,000 $730,982
July-2016 12 $769,750 $860,354 $747,500 $847,904

condos

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
July-2017 5 $410,000 $421,800 $412,800 $405,000
July-2016 3 $385,000 $474,333 $350,000 $440,000

Homes: January 1st –  July 31st 

2016 2016 % Up or Down
# Sold Properties: 128 119 Down - 7%
Average List Price: $1,121,866 $1,337,471 Up + 16%
Average Sold Price: $1,064,866 $1,270,655 Up + 11.4%
Median List Price: $827,000 $798,000 Down - 4.5%
Median Sales Price: $814,000 $790,000 Down - 3.0%

condos: January 1st –  July 31st

2016 2017 % Up or Down
# Sold Properties: 128 119 Down - 7%
Average List Price: $1,121,866 $1,337,471 Up + 16%
Average Sold Price: $1,064,866 $1,270,655 Up + 11.4%
Median List Price: $827,000 $798,000 Down - 4.5%
Median List Price: $814,000 $790,000 Down - 3.0%

 

We would like to thank the Santa Barbara Association of Realtors, Coldwell Banker and the North Santa Barbara County MLS for providing us with our information that we use. Information is deemed reliable but not guaranteed.  As always if you are thinking of buying or selling, or know someone who is, please think of us and make sure you check out our new website at:  www.TheSantaBarbaraLifestyle.com

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