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

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