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

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$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

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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 | 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

0

10

20

30

40

50

60

70

80

90

100

$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

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

0

2

4

6

8

10

12

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

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%

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 | Q2

0

10

20

30

40

50

60

70

80

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

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 | 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

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 | Q2

0

50

100

150

200

250

300

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

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 | 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

0

20

40

60

80

100

120

140

160

180

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

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

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