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

NOW SOLD! 171 Coronada Circle, Montecito, CA 93108

We are happy to announce the sale of 171 Coronada Circle. Brilliant tropical landscaping saturates the curbside in striking technicolor as the curves and contours of an undisturbed enclave present this stately Spanish jewel. Under sky-high vaulted ceilings rests the sprawling, south-facing living room where walls of windows frame commanding 180-degree vistas of the harbor, beaches and glistening ocean. Forming a ‘U’ shape around a private courtyard, the single-level, open floor plan pays homage to practicality and comfort while laying the perfect framework for both large and intimate parties.

Complete with three ensuite bedrooms – including a grand, ocean-view master and an attached guest wing addition with private entry – and a total of three and a half bathrooms, the 3,453 square-foot house offers no shortage of living space.This well-appointed home also hosts a sizeable kitchen with breakfast nook; two-car garage; central A/C system; library/office with built-in bookshelves and fireplace; and a wraparound Saltillo tile terrace — a supreme vantage point for eyeing cotton candy sunsets and Fourth of July fireworks this summer.

A premier hillside development consisting of 34 luxury homes and a sun-soaked pool with spa, Villa Coronada offers the ultimate Santa Barbara abode with its unparalleled location on Eucalyptus Hill and simple, yet elegant, architecture.

Listed at $3,000,000

Montecito neighborhood

Offering a timeless lifestyle of unmatched beauty and effortless elegance, Montecito is truly in a league of its own. Boasting some of the most impressive and expensive real estate in the world, Montecito is an exclusive community a few miles west of Santa Barbara and has been a premier destination for celebrities and those fortunate enough to call this hidden gem their home. Montecito consists of two “villages,” the upper village, which runs along East Valley Road and is home to desirable restaurants and local boutiques as well as two private golf courses, and hidden neighborhoods boasting true grandiose estates. Lower Village consists of Coast Village Road, Montecito’s real “main road” and “downtown” area. Coast Village Road has world class shopping in unassuming local boutiques, coveted restaurants, and runs almost parallel to the coast. Butterfly Beach, Montecito’s main beach, is truly beautiful and is the home to the Four Seasons The Biltmore Resort and The famed Coral Casino Beach and Cabana Club. Montecito is known for its homes and sprawling estates that run into the high millions. With three golf courses, country clubs, and two of the most sought after public schools, Montecito also has and many of the best private schools in the area as well as Westmont College, a smaller liberal arts college. Most Montecito residents don’t feel the need to have to leave their small town, as both villages have everything one would need, but when they do, they are just a few minutes away from downtown Santa Barbara.

Please contact us today with any of your real estate needs, view all of our current listings, search Santa Barbara listings and open house guide today!

Thank you,

Randy & Kellie

 

NEW LISTING! 2682 Montrose Pl, Santa Barbara CA

Awash with rustic charm and timeless elegance, this romantic Tuscan villa is one of Mission Canyon’s hidden treasures with its breathtaking ocean views and architectural grandeur reminiscent of an Italian grotto. Unique, magical and supremely inviting, this three bedroom, three-and-a-half bath home was meticulously constructed in 2005 by a local contractor.

The builder demonstrated remarkable attention to detail and employed the finest elements of the earth to create an enchanting home where Old World craftsmanship meets modern-day functionality. The woodwork alone is enough to swoon even the most discerning buyer, from Cedar doors and windows to vaulted Douglas Fir ceilings and handcrafted vanities throughout the home. Add to that a hand-cut stone entry and wide-plank Pine hardwoods; custom wrought-iron handrail, sconces and chandeliers; intricate travertine tile work in every bathroom; and a massive stone fireplace — these are among the home’s abundance of artisan effects that deliver richness of character while reflecting the utmost quality of craft.

The home lives comfortably, thanks to a circular floor plan, exterior access from nearly every room, and strategic separation of the entry-level master suite from the guest quarters and family room downstairs. A balcony spans the length of the house and complements the sun-drenched backyard and brick patio below. Innately one of a kind, yet perfectly in tune with neighboring luxury homes, this young estate has the birthright to become a lasting piece of Santa Barbara’s history.

Offered At: $2,300,000

BROKERS OPEN THURSDAY 7/20 10AM-1PM

OPEN HOUSE SUNDAY 7/23 2-4PM

MISSION CANYON NEIGHBORHOOD

Located in the beautiful Mission Canyon neighborhood, Santa Barbara Travel Guide explains, “The Mission Canyon area of Santa Barbara is one of the prettiest neighborhoods in the city. Home to the Santa Barbara Mission, this spot was chosen by missionaries for its prime location on a rise of land situated between the Pacific Ocean and the Santa Ynez mountains. The views in this primarily residential region are spectacular.”

Please contact us today with any of your real estate needs, view all of our current listings, search Santa Barbara listings and open house guide today!

Thank you,

Randy & Kellie

santa barbara and santa ynez VALLEY market stats

 

July 2017 Real Estate Roundup

Welcome to summer! One of the questions that we are often asked is what home improvements gives us the biggest and fastest jump in home value. While the first thoughts are usually adding a new room or putting in a new kitchen or bathroom, this is not always the case. According to the most recent nationwide research, the following home remodeling projects will give you the best “Return on Investment” for your remodeling projects this year.  

Number one, in a surprising first place finish was installing or adding loose-fill fiberglass insulation. Few buyers want to move into a home that has delayed maintenance problems. Buyers know a well-insulated home has been kept up well and properly maintained.  

At number two, the second best remodeling improvement is replacing your home’s front door. First impressions count a great deal. When a buyer walks up to the front of your home, they want to be impressed. Buyers know if they are impressed when they walk up to their new home, their visiting friends and family will be as well.

And, at number three, is remodeling or refreshing the exterior siding of your home. Whether painting, finishing the stucco or repairing cracks, just like the front door, the exterior of your home shows pride of ownership and curb appeal.

Santa barbara prices:

Single family and planned unit development:

Total Current Listings 418
# of Single family & Planned development homes priced under $1,000,000 60
Lowest priced $599,000 fixer in SB
Highest Priced $85,000,000 29,000 sq ft estate on 237 acres in Montecito

condos:

Total Current Listings 101
# of Condos priced under $1,000,000 61
Lowest Priced $368,000 2 bedroom 1 bath in Carp
HIghest Priced $5,550,000 2 bedroom 2.5 bath Bonnymeade Condo in Montecito

santa ynez Valley prices:

single family:

Total Current Homes 165
# of Single family homes priced under $1,000,000 62
Lowest Price $489,000 2 bedroom home in Alisal Ranch - Lease land
Lowest Priced $525,000 3 bedroom home in Rancho de Maria, Buellton
Highest Priced $14,900,000 8,000 sq ft home on 192 acres

condos:

Total Current Listings 7
Lowest Priced $315,000 1 bedroom condo in Buellton
Highest Priced $550,000 4 bedroom 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
June-2017 135 $1,350,000 $1,976,988 $1,325,000 $1,891,587
June-2016 105 $1,197,000 $1,742,898 $1,173,000 $1,685757

single family homes: january 1st-june 30th

2016 2017 % up or down
# Sold Properties: 540 583 Up + 8.0%
Median Sold Price: $1,195,000 $1,250,000 Up +4.6%
Median Sold Price: $1,015,000 $1,073,500 Up +5.75% w/o Hope Ranch & Montecito
Average Sold Price: $1,750,552 $1,748,056 Down -0.14%
Average Sold Price: $1,258,325 $1,369,286 Up +8.8% w/o Hope Ranch & Montecito

residential: january-june 2013-2017

Year # of Properties Sold Median Sold Price
2017 583 $1,250,000
2016 540 $1,195,000
2015 583 $1,175,000
2014 518 $1,120,500
2013 651 $ 915,000

condos:

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
June-2017 41 $649,000 $685,104 $643,749 $676,639
June-2016 47 $625,000 $678,804 $620,000 $654,872

condos: january 1st-june 30th

2016 2017 % Up or down
# Sold Properties 203 201 Down -1.0%
Median Sold Price $635,000 $599,000 Down -5.67%
Median Sold Price $620,000 $588,300 Down - 5.1% w/o Montecito
Average Sold Price $803,134 $695,446 Down - 13.8%
Average Sold Price $701,751 $663,821 Down - 5.4% w/o Montecito

condos: january-june 2013-2017

Year # of Properties Sold Median Sold Price
2017 201 $599,000
2016 203 $635,000
2015 277 $580,000
2014 194 $542,500
2013 280 $489,500

santa ynez Valley real estate update:

(Single family homes, condos, & planned developments)

homes, condos, planned development:

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
June-2017 26 $747,000 $1,022,194 $734,500 $981,006
June-2016 34 $874,450 $2,106,982 $848,650 $1,925,333

homes, condos, planned development: January 1st-june 30th

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 Sales 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