Happy March Santa Barbara!
BERKSHIRE HATHAWAY HOMESERVICES
#1 Santa Barbara County – #2 in the United States
We are excited to announce that out of over 1200 Berkshire Hathaway offices in 47 states, our offices (Santa Barbara, Montecito and Santa Ynez Valley) were ranked #2 in the entire United States for 2016. For all of Santa Barbara County, our offices were also ranked #1 in both units sold and sales volume, selling more than 1.486 billion dollars according to Trendgraphix Inc. This a great accomplishment and we are happy to be a part of this incredible real estate company. We hope you enjoy these stats and for more of our real estate roundup, please visit our blog.
Single Family Homes February 2016 / 2017
Year # of Sales Median List Price Average List Price Median Sold Price Average Sold Price
2017 71 $1,199,900 $1,726,392 $1,179,000 $1,671,923
2016 54 $1,272,500 $2,451,512 $1,267,500 $2,351,295
Single Family Homes
JAN 1ST – FEB 28TH 2016 2017 % Up or Down
# Sold Properties: 130 142 Up + 9.23%
Median Sold Price: $1,130,000 $1,097,000 Down – 2.9%
Median Sold Price: $1,002,000 $986,795 Down – 1.5% w/o Hope Ranch & Montecito
Average Sold Price: $2,114,408 $1,633,610 Down – 22.74%
Average Sold Price: $1,184,542 $1,216.784 Up + 2.72% w/o Hope Ranch & Montecito
RESIDENTIAL: January – February 2013 – 2017
Year # of Properties Sold Median Sold Price
2017 142 $1,097,500
2016 130 $1,310,000
2015 126 $1,000,000
2014 130 $1,087,500
2013 162 $877,250
Condos February 2016 / 2017
Year # of Sales Median List Price Average List Price Median Sold Price Average Sold Price
2017 22 $577,000 $651,900 $565,000 $632,904
2016 25 $739,000 $962,960 $710,000 $929,018
Condos January 1st – February 28th
2016 2017 % Up or down
# Sold Properties: 53 53 No Change
Median Sold Price: $640,000 $563,000 Down – 12%
Median Sold Price: $564,000 $560,000 Down – .07% w/o Montecito
Average Sold Price: $985,999 $633,732 Down – 35.7%
Average Sold Price: $706,098 $625,967 Down – 11.3% w/o Montecito
CONDOS January – February 2013 – 2017
Year # of Properties Sold Median Sold Price
2016 53 $563,000
2015 53 $640,000
2014 52 $556,000
2013 48 $542,500
SANTA YNEZ VALLEY REAL ESTATE UPDATE:
(Single family homes, condos and planned developments)
January 1st – February 28th 2016 2017 % Up or down
# Sold Properties: 34 36
Average List Price: $959,758 $967,000 Up + 0.8%
Average Sold Price: $898,471 $927,806 Up + 3.25%
Median List Price: $724,000 $719,000 Down – 0.7%
Median Sales Price: $692,000 $707,050 Up + 2.2%
Highest priced Property Sold: $4,250,000 $3,275,000
We would like to thank the Santa Barbara Association of Realtors, Coldwell Banker and the Central Coast Regional MLS for providing us with our information. 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