Santa barbara and santa ynez valley market stats

Happy Spring! In March 2017, we highlighted how excited we were to announce that our offices (Santa Barbara, Montecito and Santa Ynez Valley) were ranked #2 in the entire United States in 2016. Berkshire Hathaway Santa Barbara sold nearly 1.5 billion dollars in sales volume. This month we are just as proud and honored to have been the recipient of Berkshire Hathaway Chairman’s Circle Gold award for the 4th year in a row. Out of over 60,000 Berkshire Hathaway Realtors, we are in the “Top 2%” of all agents nationwide. This a great accomplishment that we could not have achieved if it wasn’t for your trust in us and the referrals that you have sent our way.  

Santa Barbara real estate update:

Single family homes: march 2016 vs. march 2017

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
March-2017 89 $1,300,000 $2,031,733 $1,295,000 $1,930,621
March-2016 85 $1,199,000 $1,1752,501 $1,225,000 $1,675,354

Single family homes: January 1st- March 31st

2016 2017 % Up or Down
# Sold Properties: 215 233 Up +7.7%
Median Sold Price: $1,300,000 $1,181,683 Down -9.1%
Median Sold Price: $1,045,000 $1,030,000 Down -1.5% w/o Hope Ranch & Montecito
Average Sold Price: $1,940,829 $1,739,283 Down -11.3%
Average Sold Price: $1,187,766 $1,342,854 Up +11.6% w/o Hope Ranch & Montecito

Residential: January-March 2013-2017

Year # of Properties Sold Median Sold Price
2017 233 $1,181,683
2016 215 $1,300,000
2015 246 $1,152,500
2014 202 $1,025,000
2013 264 $890,000

CONDOS

# of Sales Median List Price Average List Price Median Sold Price Average Sold Price
March-2017 38 $659,500 $697,810 $655,000 $684,378
March- 2016 25 $649,0000 $809,592 $635,000 $809,748

Condos: January 1st-March 31st

2016 2017 % Up or Down
# Sold Properties: 78 91 Up +14.3%
Median Sold Price: $637,500 $575,000 Down -9.8%
Median Sold Price: $580,000 $570,000 Down -1.7% w/o Montecito
Average Sold Price: $929,508 $654,880 Down -29.5%
Average Sold Price: $696,639 $643,065 Down -7.7% w/o Montecito

CONDOS: January-march 2013-2017

Year # of Properties Sold Median Sold Price
2017 2017 91 $575,000
2016 2016 78 $637,500
2015 2015 108 $577,000
2014 2014 74 $542,500
2013 2013 91 $448,000

SANTA YNEZ VALLEY REAL ESTATE UPDATE:   

(Single family homes, condos and planned developments)

Homes, Condos Planned Development

# of Sales Median List Price Average List Price Median Sold Price: Average Sold Price:
March-2017 26 $769,250 $935,008 $751,500 $884,137
March-2016 21 $795,000 $970,310 $790,000 $927,054

HOMES, CONDOS, PLANNED DEVELOPMENT: January 1st-March 31st

2016 2017 % Up or Down
# Sold Properties: 54 62 Up +13%
Average List Price: $970,542 $953,836 Down -2%
Average Sold Price: $916,502 $909,493 Down -0.75%
Median List Price: $747,000 $755,750 Up +1.2%
Median Sales Price: $712,000 $742,500 Up +4.1%

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. As always if you are thinking of buying or selling, or know someone who is, please think of us and make sure to contact us and view our current listings.

FOR SALE! 514 Foxen Dr, Santa Barbara, CA 93105

 

We are excited to announce our latest listing at 514 Foxen Dr, Santa Barbara, CA. This tastefully renovated 3 bedroom, 2 bath home is set on a nearly 1/3-acre lot near the highly acclaimed Monte Vista School. It boasts a spacious, circular floor plan that surrounds an elegant living room with a fireplace, and hardwood floors, and a view of the neighborhood. The light and airy remodeled kitchen includes granite counters and custom cabinetry. The serene, enclosed creekside backyard is also home to a large detached artists studio, with high ceilings.

Nestled in the charming and peaceful San Roque neighborhood, the home is only minutes from downtown Santa Barbara.

Open House:  Saturday April 1st & Sunday April 2nd from 1PM-4PM

OFFERED AT: $1,450,000

We hope to see you this weekend at the open house and we hope to hear from you if you are interested in viewing this listing. 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,

Kellie & Randy

The Santa Barbara Lifestyle

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

Accessory Dwelling Units in Santa Barbara: It’s Now The Law

We are excited to announce a new law that went into effect throughout California (including Santa Barbara County) on January 1st, regarding “Accessory Dwelling Units”.

Since California has not kept up with the demand for housing, the cost of housing has continued to rise and people are driving longer distances to work.  The California Legislature (passed) and Governor Brown (signed) a new law allowing Accessory Dwelling Units, also referred to as second units, in-law units, granny flats.

Please click on this link below to read about this new law.

http://www.hcd.ca.gov/policy-research/docs/2016-12-12-ADU-TA-Memo.docx.pdf

In summary, the Accessory Dwelling Units is a secondary dwelling unit with complete independent living facilities for one or more persons and generally takes three forms:

  1.  Detached:  The unit is separated from the primary structure
  2.  Attached: The unit is attached to the primary structure
  3.  Repurposed Existing Space: Space (e.g., master bedroom) within the primary residence is converted into an independent living unit.  

In the City of Santa Barbara and Carpinteria where the Zoning Information Report is required upon the sale of a home, this would includes converted garages whether attached or detached.  However, you would first want to go through the permitting process prior to selling your home and ordering the Zoning Information Report.  

Since this is new, this would be a great time to apply for this before the City tries to place limitations.  If you currently are thinking of selling your home or have a home with a garage or other unit that was converted into living space, we  would be happy to meet with you to discuss how this could impact your price and to give you recommendations on planners who are familiar with this new law.  We are very excited about this new program.