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!
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
# 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
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