Santa Barbara Market UpdateFourth 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:0113985

All data within this document is pulled from the Santa Barbara MLS. Areas include from Carpinteria - Goleta North.

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

2011 2012 2013 2014 2015

Montecito Santa Barbara Carpinteria | Summerland Hope Ranch Goleta Santa Ynez

FIVE YEARS OF AVERAGE SELLING PRICES | Q4

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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 | Q4 2011 2012 2013 2014 2015 % Change(2015 v 2014)

AVERAGE LIST PRICE $2,054,312 $3,096,977 $3,798,987 $3,057,238 $3,645,469 19%

AVERAGE SALE PRICE $1,905,244 $2,828,281 $3,422,400 $2,867,950 $3,418,449 19%

TOTAL SFH SOLD 41 87 52 40 48 20%

DISCOUNT RATIO 93% 91% 90% 94% 94%

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4

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$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

2011 2012 2013 2014 2015

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 | Q4 2011 2012 2013 2014 2015 % Change(2015 v 2014)

AVERAGE LIST PRICE $4,463,250 $3,051,250 $3,505,000 $2,589,125 $5,825,714 125%

AVERAGE SALE PRICE $3,791,025 $2,946,125 $3,285,833 $2,364,750 $5,306,929 124%

TOTAL SFH SOLD 6 8 6 8 7 -13%

DISCOUNT RATIO 85% 97% 94% 91% 91%

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4

0

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$1,000,000

$2,000,000

$3,000,000

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2011 2012 2013 2014 2015

Average Sale Price Total SFH Sold

SINGLE FAMILY HOMES | Q4 2011 2012 2013 2014 2015 % Change(2015 v 2014)

AVERAGE LIST PRICE $546,066 $1,127,145 $1,196,879 $1,153,215 $1,441,163 25%

AVERAGE SALE PRICE $513,499 $1,069,271 $1,106,443 $1,094,373 $1,376,077 26%

TOTAL SFH SOLD 50 53 49 52 46 -12%

DISCOUNT RATIO 94% 95% 92% 95% 95%

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$200,000

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$1,200,000

$1,400,000

2010 2011 2012 2013 2014

Average Sale Price Total SFH Sold

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4

42

44

46

48

50

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54

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

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 | Q4 2011 2012 2013 2014 2015 % Change(2015 v 2014)

AVERAGE LIST PRICE $832,840 $754,325 $1,030,376 $1,107,189 $1,171,607 6%

AVERAGE SALE PRICE $783,318 $735,734 $1,006,316 $1,077,634 $1,137,608 6%

TOTAL SFH SOLD 172 323 193 195 168 -14%

DISCOUNT RATIO 94% 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 | Q4

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350

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

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 | Q4 2011 2012 2013 2014 2015 % Change(2015 v 2014)

AVERAGE LIST PRICE $599,208 $640,489 $950,738 $665,336 $789,051 19%

AVERAGE SALE PRICE $566,522 $630,294 $905,158 $654,807 $786,116 20%

TOTAL SFH SOLD 103 133 135 116 127 9%

DISCOUNT RATIO 95% 98% 95% 98% 100%

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4

0

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120

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160

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

2011 2012 2013 2014 2015

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 | Q4 2011 2012 2013 2014 2015 % Change(2015 v 2014)

AVERAGE LIST PRICE $491,746 $768,926 $665,730 $893,673 $848,461 -5%

AVERAGE SALE PRICE $467,481 $711,143 $631,481 $843,748 $804,237 -5%

TOTAL SFH SOLD 27 35 27 40 44 10%

DISCOUNT RATIO 95% 92% 95% 94% 95%

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q4

0

10

20

30

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50

$0$100,000$200,000$300,000$400,000$500,000$600,000$700,000$800,000$900,000

2011 2012 2013 2014

Average Sale Price ASP Total SFH Sold Sold

FEATURED LISTINGS

POST MODERN CONTEMPORARY | Santa Barbara, CA

Web ID: 0113959 | $35,000,000

Spectacular and newly built contemporary

residence in Hope Ranch.

Montecito Coast Village Road Brokerage

Suzanne Perkins | 805.895.2138

OCEANFRONT VILLA | Carpinteria, CA

Web ID: 0113850 | $7,990,000

Minutes from Montecito/Santa Barbara, the

unique contemporary character and design of

the architecture is bright, spacious and dramatic.

Montecito Coast Village Road Brokerage

Janet Camenite | 805.896.7767

left to right from top to bottom:

METROPOLITAN MARKETS

NEW YORK, NY | Web: 00110466 | $5,200,000

SAN FRANCISCO, CA | Web: 0087635 | $5,500,000

HOUSTON, TX | Web: 1250301 | $5,499,000

RESORT MARKETS

PEBBLE BEACH, CA | Web: 0474307 | $5,895,000

PALM BEACH, FL | Web: 0076834 | $5,995,000

MONTECITO, CA | Web: 0632357 | $5,495,000

FOREIGN MARKETS

SPAIN | Web: NF2L59 | $5,584,178

FRANCE | Web: 5Q5HYV | $5,431,240

ISRAEL | Web: 9ZWTEE | $5,657,127

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