Santa Barbara Market Update | Q4 2015

Santa Barbara Homes for Sale OCEAN VIEW LUXURY CONTEMPORARY ESTATE

Market Highlights

In the fourth quarter of 2015, the Santa Barbara region saw a decline in supply, which helped drive the average sold price up in many sub-markets.

  • Price increases in Q4 were most significant in Hope Ranch, posting a 125% gain from $2,589,125 in 2014 to $5,825,714 in 2015. This marks the second consecutive quarter of significant growth in Hope Ranch (Q3 2015 showed a 69% increase in average sale price over Q3 2014.)
  • A limited supply in Santa Barbara has continued the trend of rising sales prices with the average sales price up 6% from $1,077,634 in 2014 to $1,137,608 in 2015.
  • Activity in the Santa Ynez Valley was also up, with the total SFH sold up 10%.

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Santa Barbara Homes for Sale POST-MODERN CONTEMPORARY

Santa Barbara: Post-Modern Contemporary

Spectacular and newly built contemporary residence in Hope Ranch. Approx. 3.7-acre bluff setting with 204’ ocean frontage. Striking approx. 10,143-sq.ft. home with walls of glass features fabulous living, dining, family/kitchen/bar space.
 Santa Barbara Homes for Sale OCEANFRONT VILLA

Oceanfront Villa

Dreaming of living at the beach in a resort-style estate? This villa at Sand Point, also known as Casa Blanca, will instantly transport you. Minutes from Montecito/Santa Barbara, the unique contemporary character and design of the architecture is bright, spacious and dramatic.

Santa Barbara Homes for Sale TRANQUIL COASTAL RETREAT

Tranquil Coastal Retreat

Secluded single-level traditional home in close proximity to coveted Hope Ranch Beach. This light filled 4-bedroom, 3.5-bath residence has an open floor plan, vaulted tongue and groove ceilings, and hardwood floors.

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