Sep
16

Santa Barbara September 2016 Real Estate Roundup

We are excited to start a new feature in our monthly real estate roundups and newsletters.  As you may know, we handle real estate from Carpinteria, through Summerland and Montecito, Santa Barbara including Hope Ranch to Goleta and all the way to the Santa Ynez Valley (Ballard, Buellton, Solvang, Los Olivos and Santa Ynez).  Many of our clients live in the Valley, so we decided to start providing you information on real estate in these communities.  Each month as we update you on the Santa Barbara market we will also update you on the Santa Ynez Valley market. Thank you!

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SANTA YNEZ VALLEY REAL ESTATE UPDATE:

(Single family homes, condos and planned developments)

                                     # of Sales             Average            Median            Average            Median                                                                                                  List Price           List Price         Sold Price         Sold Price

August – 2016           29                          $990,034           $789,000         $939,440          $720,000

August – 2015           16                          $861,650           $685,000         $828,445          $653,750

January 1st –  August 31st 

                                                                   2015                   2016  

# Sold Properties:                                   145                     184

Average List Price:                                  $969,714            $1,012,669

Average Sold Price:                                $918,653            $957,863

Median Sales Price:                                $725,000            $726,750

Highest priced Property Sold:              $4,690,000         $6,500,000

 

SANTA BARBARA REAL ESTATE UPDATE:

SINGLE FAMILY             # of Sales             Average           Median             Average           Median                 HOMES                                                         List Price          List Price          Sold Price        Sold Price

 

August – 2016               114                       $1,538,586     $1,097,500      $1,470.336        $1,050,000

August – 2015               100                       $1,663,511     $1,199,000      $1,595,612        $1,187,500

 

July – 2016                    83                          $1,912625      $1,249,000      $1,810,035        $1,210,000

July – 2015                    126                        $1,596,571     $999,000         $1,553,301        $997,500

June – 2016                  105                        $1,742,898     $1,197,000      $1,685,757        $1,173,000

June – 2015                  114                        $2,039,542     $1,250,000      $1,965,296        $1,252,500

 

May – 2016                   112                        $1,730,770     $1,164,350      $1,680,745        $1,125,000

May – 2015                   127                        $1,959,030     $1,299,000      $1,869,745        $1,280,000

April – 2016                  104                        $1,592,940     $1,197,000       $1,538,594       $1,174,500

April – 2015                   94                         $1,551,742     $997,500          $1,482,599       $975,000

March – 2016                85                         $1,752,501     $1,199,000       $1,675,354       $1,225,000

March – 2015                117                       $2,000,054     $1,295,000       $1,916,432       $1,205,000

January 1st –  August 31st

SINGLE FAMILY HOMES

                                                            2015                2016                  % Up or down

# Sold Properties:                            810                  741                    Down  -8.5%

Median Sold Price:                          $1,140,000      $1,179,000       Up  +3%

Median Sold Price:                          $974,500         $1,000,000       Up  +2.6%  w/o Hope Ranch & Montecito

Average Sold Price:                        $1,813,565       $1,711,227       Down  -4.8%

Average Sold Price:                        $1,278,138       $1,263,142       Down  -1.2% w/o Hope Ranch & Montecito

SINGLE FAMILY HOMES:  January  –  August  2012 – 2016

Year:                                  # of Properties Sold                  Median Sold Price

2016                                  741                                               $1,179,000

2015                                  810                                               $1,140,000

2014                                  704                                               $1,167,000

2013                                  885                                               $940,000

2012                                  861                                               $799,000

CONDOS

                                       # of Sales             Average             Median             Average         Median                                                                      List Price            List Price          Sold Price      Sold Price

August – 2016              34                         $752,823           $621,500          $613,500        $742,090

August – 2015              46                         $737,584           $639,000          $723,453        $637,550

July – 2016                    33                         $699,884           $599,000          $690,085        $599,000

July – 2015                    51                         $562,869           $525,000          $556,860        $527,500

June – 2016                  47                         $678,804           $625,000         $654,872         $620,000

June – 2015                  47                         $693,397           $649,000         $688.626         $636,000

May – 2016                   40                         $767,861           $594,000         $751,421

We would like to thank the Santa Barbara Association of Realtors & Coldwell Banker 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. We have new listings coming up and we would not want you to miss out on something that is right for you. Read our blog which is found on our website. We are looking forward to hearing from you soon!

Best regards,

Randy & Kellie

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