there is always more to the story 

Much of the discussion surrounding Santa Barbara’s real estate market has been speculation that the Thomas Fire and 1/9 Debris flow have weakened or will weaken the market in Montecito while Hope Ranch has enjoyed a resurgence in sales and prices.

At a glance, there is some truth to that. As you’ll see below, Q2 and YTD sales in Montecito are both down over last year; the same metrics show that Hope Ranch sales have increased. While that may not sound promising for Montecito, it’s not the full story, and there is some good news forthcoming.  


MONTECITO MARKET - Q2


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-31.25% Q2

Montecito closed out Q2 with 44 properties sold, down 31.25% from last year.

Click here to view the Montecito properties sold in Q2.

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-31.4% YTD

Year to date Montecito is down 31.4% compared to 2017, with 87 properties sold. 

Click here to view the Montecito properties sold YTD.


HOPE RANCH MARKET - Q2


-11% Q2

Hope Ranch closed out Q2 with 8 properties sold, down 11% from last year. 

Click here to view the Hope Ranch properties sold in Q2.

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+8% YTD

Year to date in Hope Ranch is up 8%, compared to 2017, with 27 properties sold. 

Click here to view the Hope Ranch properties sold YTD.


Montecito high-end Market update


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TWO $30M+ SALES YTD

THE LAST SINGLE SALE ABOVE $30M WAS IN 2008


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3 MONTECITO OFF-MARKET HIGH-END SALES IN Q2


- 2840 Hidden Valley Lane - $34M

- 801 Alston - $14.2M

- 308 Ennisbrook Drive - $11M

(Closing prices listed)


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FIVE SALES PENDING OVER $9M

CURRENTLY, THE BELOW ESTATES ARE PENDING
- 710 PICACHO LN - $17,900,000
- 1599 E VALLEY RD - $16,800,000
- 770 RIVEN ROCK (NOT IN MLS) - $11,900,000
- 1735 GLEN OAKS DR - $9,495,000
- 870 KNOLLWOOD DR (NOT IN MLS)

(Riskin Partners represents 4/5 of the above listings, listing prices noted)


Hope Ranch high-end Market update


Closings over $10M in Hope Ranch

2018 data includes: 4 YTD sales in MLS and 1 pending sale

Click on the links below to view the hope ranch closings over $10M

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SEVEN PENDING SALES, TWO OVER $6M

AS OF TODAY, THE BELOW ESTATES ARE PENDING OVER $6M
- 4230 CRESTA AVE - $15,250,000
- 1486 CANTERA AVE - $6,250,000

(One Riskin Partners' listing, listing prices noted)


WE SEE momentum in the marketplace


Closings over $10M in Montecito, Carpinteria, Hope Ranch, & Santa Barbara

2018 data includes: 8 YTD sales in MLS, 3 YTD off-market sales, & 4 pending sales

Click on the links below to view the closings over $10M


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