santa barbara market update | q2 2015
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Santa Barbara Market UpdateSecond Quarter 2015
SANTA BARBARA BROKERAGES
Montecito - Coast Village Road Brokerage | t. 805.969.9993
Montecito - Upper Village Brokerage | t. 805.969.5005
Santa Barbara Brokerage | t. 805.963.1391
Santa Ynez Valley Brokerage | t. 805.688.4200
sothebyshomes.com
Montecito, CA | web: 0113923
All data within this document is pulled from the Santa Barbara MLS. Areas include from Carpinteria - Goleta North.
$0
$500,000
$1,000,000
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$4,000,000
$4,500,000
2011 2012 2013 2014 2015
Montecito Santa Barbara Carpinteria | Summerland Hope Ranch Goleta
FIVE YEARS OF AVERAGE SELLING PRICES | Q2
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
MONTECITOThe community of Montecito offers a serene
retreat and boasts tree-lined streets with lavish
estates, many of which are architecturally
significant, including English-style manor
houses and elegant contemporary homes that
stretch from the beach up into the foothills.
Elegance is exuded in every detail of its stunning
surroundings and relaxed atmosphere.
SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015 % Change(2015 v 2014)
AVERAGE LIST PRICE $2,951,821 $3,356,208 $2,995,087 $4,083,912 $3,963,701 -3%
AVERAGE SOLD PRICE $2,708,644 $3,078,335 $2,852,497 $3,742,004 $3,718,629 -1%
TOTAL SFH SOLD 56 88 79 68 67 -1%
DISCOUNT RATIO 92% 92% 95% 92% 94%
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
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2011 2012 2013 2014 2015
Average Sale Price Total SFH Sold
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA
HOPE RANCHThe palm-lined community of Hope Ranch is a
world of its own. Hope Ranch properties have
spectacular views of both the mountains and the
ocean. A wonderful blend of fine estates, Hope
Ranch remains one of the great gems of gracious
living in the Santa Barbara area.
SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015 % Change(2015 v 2014)
AVERAGE LIST PRICE $3,090,111 $2,338,000 $2,967,143 $2,698,667 $4,314,909 60%
AVERAGE SOLD PRICE $2,839,444 $2,113,150 $2,869,030 $2,554,722 $4,016,500 57%
TOTAL SFH SOLD 9 5 7 9 11 22%
DISCOUNT RATIO 92% 90% 97% 95% 93%
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
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2011 2012 2013 2014 2015
Average Sale Price Total SFH Sold
SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015 % Change(2015 v 2014)
AVERAGE LIST PRICE $872,648 $1,256,377 $647,626 $1,631,904 $886,370 -46%
AVERAGE SOLD PRICE $790,411 $1,114,040 $639,227 $1,525,136 $865,616 -43%
TOTAL SFH SOLD 57 47 73 50 71 42%
DISCOUNT RATIO 91% 89% 99% 93% 98%
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Average Sale Price Total SFH Sold
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
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2011 2012 2013 2014 2015
Average Sale Price Total SFH Sold
CARPINTERIA / SUMMERLANDThe oceanside city of Carpinteria has its own
special character and is known as a residential
and agricultural gem with gorgeous bluffs
overlooking the ocean and beautiful beaches.
SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015 % Change(2015 v 2014)
AVERAGE LIST PRICE $921,719 $850,393 $999,346 $1,195,462 $1,208,630 1%
AVERAGE SOLD PRICE $870,662 $821,714 $983,431 $1,171,269 $1,175,359 0%
TOTAL SFH SOLD 157 238 264 229 257 12%
DISCOUNT RATIO 94% 97% 98% 98% 97%
SANTA BARBARAKnown as the American Riviera, Santa Barbara is
truly one of California’s most vibrant and beautiful
cities. The alluring landscape is enhanced by the
red-tiled roofs of homes, the foliage of its Spanish
heritage, the striking backdrop of the Santa Ynez
Mountains and the majestic palm trees. 0
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2010 2011 2012 2013 2014
Average Sale Price Total SFH Sold
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
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2011 2012 2013 2014 2015
Average Sale Price Total SFH Sold
GOLETAGoleta lies approximately 15 miles west of
Santa Barbara. Formerly home to acres of
avocados, lemons and oranges, Goleta real
estate is built among the few remaining
productive groves. Goleta enjoys fabulous
communities, beaches, schools, and outdoor
living. Views abound throughout the area of
the Santa Ynez Mountains and the Channel
Islands.
sothebyshomes.com/santabarbara
SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015 % Change(2015 v 2014)
AVERAGE LIST PRICE $620,833 $618,823 $755,439 $766,440 $756,003 -1%
AVERAGE SOLD PRICE $592,892 $596,954 $749,917 $757,087 $753,995 -0.4%
TOTAL SFH SOLD 86 164 166 140 168 20%
DISCOUNT RATIO 95% 96% 99% 99% 100%
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2
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2011 2012 2013 2014 2015
Average Sale Price Total SFH Sold
left to right from top to bottom:
METROPOLITAN MARKETS
NEW YORK, NY | Web: 00110206 | $3,250,000
HOUSTON, TX | Web: 1232987 | $2,999,000
LOS ANGELES, CA | Web: 0286222 | $3,298,000
RESORT MARKETS
MALIBU, CA | Web: 0172733 | $3,200,000
EAST HAMPTON, NY | Web: 0046177 | $2,995,000
SANTA BARBARA, CA | Web: 0113898 | $3,195,000
FOREIGN MARKETS
GERMANY | Web: S76NQ3 | $3,590,261
ITALY | Web: MEQC8Z | $3,926,848
ISRAEL | Web: 3DWFN3 | $3,904,420
sothebysrealty.com
ON THE MARKET
AUCTION CALENDAR JULY 2015Now ! Paris 01 July
Contemporary Art Evening Auction London 01 July
Contemporary Art Day Auction London 02 July
Medieval And Renaissance Manuscripts London 07 July
Treasures London 08 July
Old Master & British Drawings London 08 July
Rencontres Couture À Paris De La Collection Didier Ludot Paris 08 July
Old Master & British Paintings Evening Sale London 08 July
Old Master & British Paintings Day Sale London 09 July
Old Master Sculpture And Works Of Art London 09 July
English Literature, History, Children’s Books & Illustrations London 14 July
Finest and Rarest Wines London 15 July
Victorian, Pre-Raphaelite & British Impressionist Art London 15 July
Modern Life: Post-War Photographs, Prints & Design New York 22 July
We invite you to explore our real estate listings at www.sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com
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Verner Panton, VIII square, wool carpet and Pierre Paulin set of armchairs and Mushroom stools from NOW ! PARIS 01 JULY 2015
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