THE SANTA BARBARA LIFESTYLE MONTHLY UPDATE

Happy November! We are already halfway through the month and 2016 is already coming to an end. We are very excited to see what 2017 will have to offer in the real estate market. Until then we are going to take a closer look at the comparison between Santa Barbara’s real estate market last year and this year.

november-real-estate-update

With Thanksgiving next week, we would like to wish you, our friends, clients and customers, a wonderful and Happy Thanksgiving. We hope that you are all able to share it with loved ones.  We would also like to thank you for making 2016 a great year for us.  It is because of your support, recommendations and referrals that we continue to grow our business.

 

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

October –  2016                 30         $920,393       $599,000     $872,999      $587,500

October – 2015                  21         $787,638       $724,900     $760,502      $667,000  

September –  2016            21      $1,002,800       $779,000     $939,949      $750,000

September – 2015             24         $897,920       $739,000     $858,135      $735,000    

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

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

January 1st –  October 31st    

                                                                    2015                 2016         % Up or Down       

# Sold Properties:                                      190                    235                Up  + 19%

Average List Price:                            $940,521       $1,000,000                Up  +   6%

Average Sold Price:                          $893,529          $945,160            Up   +   5.5%        

Median Sales Price:                          $714,250          $700,000          Down  – 2.0%

Highest priced Property Sold:     $4,690,000       $6,975,000

SANTA BARBARA REAL ESTATE UPDATE:

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

October – 2016                             78         $1,529,280    $1,035,000      $1,474,076         $991,250

October – 2015                             79          $2,013148    $1,015,000      $1,915,760         $986,197

September – 2016                      100         $1,693,719    $1,237,000      $1,621,995      $1,200,000

September – 2015                        98         $1,529,444    $1,076,850      $1,470,194      $1,044,500

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

 

SINGLE FAMILY HOMES         January 1st –  October 31st   

                                                           2015                2016                  % Up or down

# Sold Properties:                             992                  924                Down  –  6.85%

Median Sold Price:              $1,110,500      $1,160,000                       Up  +  6.0%

Median Sold Price:              $1,080,000         $999,250                 Down   – 7.50%    w/o Hope Ranch & Montecito

Average Sold Price:             $1,789,491     $1,680,103                    Down   – 6.0%

Average Sold Price:             $1,710,022      $1,264,765                   Down  – 26.0%   w/o Hope Ranch & Montecito

 

RESIDENTIAL:          January  –  October 31st   2012 – 2016

Year                       # of Properties Sold                       Median Sold Price

2016                                    924                                                  $1,160,000      

2015                                    992                                                  $1,110,500

2014                                    903                                                  $1,160,000

2013                                  1087                                                     $940,000

2012                                  1054                                                     $793,500

 

CONDOS        

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

Oct. – 2016                     31            $688,551          $599,000            $677,061         $590,000

Oct. – 2015                     39            $847,578          $739,000            $850,543         $760,000

Sept. – 2016                   46            $791,617          $589,750            $769,454         $583,500

Sept. – 2015                   61            $702,083          $670,762            $706,130         $715,000

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         $586,640

May – 2015                   53              $724,583         $595,000              $715,338         $591,000

April – 2016                  36              $807,000         $699,000               $788,046         $700,000

April – 2015                  64              $658,214         $564,500               $660,038         $565,500

 

CONDOS                       January 1st –  October 31st     

                                               2015                 2016                  % Up or down

# Sold Properties:                 478                    351                 Down  – 26.5%

Median Sold Price:      $590,000          $620,000                           Up  + 5%

Median Sold Price:      $570,000          $595,000                           Up  + 4%   w/o Montecito

Average Sold Price:     $703,429          $771,749                           Up  + 9%

Average Sold Price:     $661,099          $682,184                            Up  + 3%   w/o Montecito

 

CONDOS                       January  –  October    2012 – 2016

Year                  # of Properties Sold                    Median Sold Price

2016                                             351                                    $620,000         

2015                                             478                                    $590,000

2014                                             350                                    $561,250

2013                                             376                                    $508,500

2012                                             361                                    $400,000

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  website at:  www.TheSantaBarbaraLifestyle.com

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