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Santa Barbara Market UpdateFirst Quarter 2016
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:0113985
All data within this document is pulled from the Santa Barbara MLS. Areas include from Carpinteria - Santa Ynez.
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
2012 2013 2014 2015 2016
Montecito Santa Barbara Carpinteria | Summerland Hope Ranch Goleta Santa Ynez
FIVE YEARS OF AVERAGE SELLING PRICES | Q1
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 | Q1 2012 2013 2014 2015 2016 % Change(2016 v 2015)
AVERAGE LIST PRICE $4,248,511 $3,300,473 $3,092,399 $4,531,484 $4,277,913 -6%
AVERAGE SALE PRICE $3,531,520 $3,137,099 $2,868,278 $4,240,813 $4,055,923 -4%
TOTAL SFH SOLD 52 59 43 56 63 13%
DISCOUNT RATIO 83% 95% 93% 94% 95%
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
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$500,000
$1,000,000
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$4,000,000
$4,500,000
2012 2013 2014 2015 2016
Average Sale Price Total SFH Sold
CARPINTERIA - SUMMERLAND | SANTA BARBARA | HOPE RANCH | MONTECITO | GOLETA | SANTA YNEZ
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 | Q1 2012 2013 2014 2015 2016 % Change(2016 v 2015)
AVERAGE LIST PRICE $2,013,417 $2,504,538 $4,161,000 $4,195,250 $6,008,500 43%
AVERAGE SALE PRICE $1,875,854 $2,389,251 $3,967,688 $3,870,417 $5,301,250 37%
TOTAL SFH SOLD 6 13 8 12 4 -67%
DISCOUNT RATIO 93% 95% 95% 92% 88%
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
0
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$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
2012 2013 2014 2015 2016
Average Sale Price Total SFH Sold
SINGLE FAMILY HOMES | Q1 2012 2013 2014 2015 2016 % Change(2016 v 2015)
AVERAGE LIST PRICE $726,689 $989,706 $1,259,781 $1,820,639 $671,800 -63%
AVERAGE SALE PRICE $665,382 $954,764 $1,221,883 $1,666,911 $651,470 -61%
TOTAL SFH SOLD 38 53 26 56 36 -36%
DISCOUNT RATIO 92% 96% 97% 92% 97%
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$200,000
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2010 2011 2012 2013 2014
Average Sale Price Total SFH Sold
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
0
10
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$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
2012 2013 2014 2015 2016
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 | Q1 2012 2013 2014 2015 2016 % Change(2016 v 2015)
AVERAGE LIST PRICE $802,263 $847,943 $1,108,148 $1,285,438 $1,222,933 -5%
AVERAGE SALE PRICE $768,205 $831,966 $1,080,725 $1,245,586 $1,188,067 -5%
TOTAL SFH SOLD 156 154 148 189 148 -22%
DISCOUNT RATIO 96% 98% 98% 97% 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
50
100
150
200
250
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
2010 2011 2012 2013 2014
Average Sale Price Total SFH Sold
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
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$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
2012 2013 2014 2015 2016
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 | Q1 2012 2013 2014 2015 2016 % Change(2016 v 2015)
AVERAGE LIST PRICE $564,377 $698,801 $701,424 $771,525 $710,790 -8%
AVERAGE SALE PRICE $539,868 $695,202 $688,552 $755,031 $698,147 -8%
TOTAL SFH SOLD 105 135 95 102 88 -14%
DISCOUNT RATIO 96% 99% 98% 98% 98%
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
0
20
40
60
80
100
120
140
160
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
2012 2013 2014 2015 2016
Average Sale Price Total SFH Sold
SANTA YNEZThe Santa Ynez Valley is home to many world-
renown vineyards and wineries as well as
recognized horse breeding ranches. Other local
attractions include the majestic Los Padres
National Forest, Old Mission Santa Inez, golf
courses, and the historic Carriage House Museum
that depicts relics of Santa Ynez’s past as a stage
coach stop. Santa Ynez Valley real estate includes
luxury homes and equestrian properties.
SINGLE FAMILY HOMES | Q1 2012 2013 2014 2015 2016 % Change(2016 v 2015)
AVERAGE LIST PRICE $686,161 $1,037,543 $848,778 $943,649 $923,443 -2%
AVERAGE SALE PRICE $604,370 $948,547 $798,630 $883,782 $868,893 -2%
TOTAL SFH SOLD 23 29 27 35 48 37%
DISCOUNT RATIO 88% 91% 94% 94% 94%
AVERAGE SALE PRICE | TOTAL SFH SOLD | Q1
0
10
20
30
40
50
60
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
2012 2013 2014 2015 2016
Average Sale Price ASP Total SFH Sold Sold
FEATURED LISTINGS
CHANNEL DRIVE CONTEMPORARY | Santa Barbara, CA
Web ID: 0114009 | $37,500,000
This one-of-a-kind ocean view contemporary built in 2008 captures the
essence of Balinese charm with bold modern architecture, stunning
Pacific Ocean, Channel Island and Butterfly Beach views, extensive indoor-
outdoor living areas, expansive rooms and plantation-style ceilings.
Montecito Coast Village Road Brokerage
Suzanne Perkins | 805.895.2138
SECLUDED BEACH RETREAT | Santa Barbara, CA
Web ID: 0114000 | $8,250,000
This idyllic beachfront sanctuary in the sought-after Fernald Cove
captures the air of relaxed sophistication that embodies the Montecito
lifestyle.
Montecito Coast Village Road Brokerage
Bob Lamborn | 805.689.6800
left to right from top to bottom:
METROPOLITAN MARKETS
NEW YORK, NY | Web: 0138268 | $5,650,000
SAN FRANCISCO, CA | Web: 0087780 | $5,395,000
HOUSTON, TX | Web: 1240556 | $5,250,000
RESORT MARKETS
SONOMA, CA | Web: 0243927 | $5,275,000
AMAGANSETT, NY | Web: 1050627 | $5,250,000
MONTECITO, CA | Web: 0113951 | $5,950,000
FOREIGN MARKETS
INDIA | Web: G6ZBKG | $5,684,793
SPAIN | Web: B858KK | $5,528,256
HONG KONG | Web: QGJQX9 | $5,671,492
sothebysrealty.com
ON THE MARKETAUCTION CALENDAR MAY 2016
Orfèvrerie, Boîtes en Or et Objets de VitrineParis 3 May
MALCOLM Part One: New YorkNew York 7 May Impressionist & Modern Art Evening SaleNew York 9 May
Impressionist & Modern Art Day SaleNew York 10 May
Contemporary Art Evening AuctionNew York 11 May
Finest and Rarest WinesLondon 11 May
Contemporary Art Day AuctionNew York 12 May
Important Chinese ArtLondon 13 May
RM Sotheby’s: MonacoMonte Carlo 14 May
© 2016 Calder Foundation, New York / Artists Rights Society (ARS), New York
Property Formerly in the Collection of Alfred H. Barr, Jr.Alexander Calder
Untitled, circa 1942Estimate $2,500,000-3,500,000
We invite you to explore our real estate listings at 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 SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016
AUCTION CALENDAR MAY 2016
Orfèvrerie, Boîtes en Or et Objets de VitrineParis 3 May
MALCOLM Part One: New YorkNew York 7 May Impressionist & Modern Art Evening SaleNew York 9 May
Impressionist & Modern Art Day SaleNew York 10 May
Contemporary Art Evening AuctionNew York 11 May
Finest and Rarest WinesLondon 11 May
Contemporary Art Day AuctionNew York 12 May
Important Chinese ArtLondon 13 May
RM Sotheby’s: MonacoMonte Carlo 14 May
© 2016 Calder Foundation, New York / Artists Rights Society (ARS), New York
Property Formerly in the Collection of Alfred H. Barr, Jr.Alexander Calder
Untitled, circa 1942Estimate $2,500,000-3,500,000
We invite you to explore our real estate listings at 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 SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016