Santa Ynez Valley Real Estate Market Update – December 2024

As we wrap up 2025, the Santa Ynez Valley real estate market continues to showcase its unique appeal with notable activity in December 2024. Whether you're a buyer, seller, or investor, here's a snapshot of the local market trends:

Key Highlights:

  • New Listings: 13 new properties hit the market, offering fresh opportunities for prospective buyers.
  • Properties Sold: 19 properties found their new owners, reflecting steady demand in the area.
  • Under Contract: 13 properties are currently pending sale, indicating a healthy level of market activity.
  • Average Listing Price: $4,205,262 – The average listing price demonstrates the premium nature of Santa Ynez Valley real estate,…

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Welcome to the November 2024 Real Estate Market Update for the picturesque Santa Ynez Valley! At Santa Ynez Valley Real Estate Company, we are committed to providing you with up-to-date insights into the local housing market. Here's what November's numbers tell us about current trends and opportunities in our unique and desirable region.

Key Market Statistics for November 2024

  • New Listings: 16
  • Properties Sold: 16
  • Under Contract: 9
  • Average Listing Price: $3,890,251
  • Average Sale Price: $1,806,250

Market Insights

Balanced Inventory Levels
With 16 new listings matching the 16 properties sold, November exhibited a balanced flow of inventory. This steady turnover reflects a stable market, offering both buyers and sellers…

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⭐️REDUCED⭐️

Located in the beautiful Meadowlark Ranch is this charming modern Farm House. Complete with South facing front porch to enjoy the mountain and property views while soaking up the southern sun. What a tranquil spot to take in the day and view your animals in the… pic.twitter.com/jsbtkPB4V6

— Santa Ynez Valley Real Estate Company (@syvre) November 14, 2024

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Look for the uncertainty of the election to finally be over.  Whichever way the results came in for you, at least we all can move forward.

There seems to be some renewed interest in property with the knowledge of what to expect going forward.  30 year fixed mortgage rates are around the 7% range.

This time of the year is slower traditionally with Thanksgiving and the Holidays.    We are still busy at the office helping our clients and can help you.

Please call or email us or any one of our excellent agents with any requests to see property or for a free evaluation of your property.


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Here are seven secrets why people want to live in the Santa Ynez Valley:

1. Value. It is less expensive than Santa Barbara and only 30 miles away. Nearly everyone lives in the Santa Ynez Valley by choice when many could live anywhere in the world. As a historical rule of thumb, prices tend to be about 20% less than Santa Barbara. This means it could be a more affordable option for those priced out of the Santa Barbara market yet still wanting to be close enough to commute to work, schools, arts and county activities. Single-family homes start around $800,000. Homes on an acre or more start around $1.3 million. 2. Lifestyle. It is the ranch and wine region of Santa Barbara. It’s the “Napa Valley” of Southern California. This means…

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