The term ‘surban,’ was coined at the 2016 REALTORS Conference and Expo in Orlando, Florida by a panel of Millenials and Generation Z constituents. It refers to a new age of mixed-use, suburban developments increasingly preferable to not only the up and coming Millenial and Generation Z homebuyers, but to many people desiring the best of both worlds. Surban developments incorporate the peace, roomy neighborhoods and green space of the classic suburbs with the convenience and mixed land use of popular urban developments, boasting ease of walkability and encouraging active transportation. John Burns Consulting estimates that 80% of residential growth will occur in suburbs, including these types of new town centers, over the next 10 years.
In our own backyard, Goleta is ahead of the curve and has it’s own lively and thriving surban town center across from Camino Real Market Place, coined Hollister Village. The mixed use development has already attracted many to its resort style living with easy access to shops and other amenities.
(Source: Adapted from Realtor Magazine 11/30/16)
Median List Prices (April 2016 – present)
- Condominiums: $495,000
- Houses: $839,000
Condominiums and Houses Currently for Sale
| Status | Address | Price | Beds | Baths | Sq Ft | DOM |
| Active | 239 Mathilda Dr | $409,000 | 1 | 2 | 885 | 75 |
| Active | 7620 Hollister Ave 321 | $469,000 | 1 | 1 | 895 | 61 |
| Active | 7606 Hollister Ave 211 | $495,000 | 2 | 2 | 960 | 119 |
| Active | 7349 Elmhurst Pl | $799,000 | 3 | 2 | 1070 | 71 |
| Active | 350 La Salle Rd | $814,000 | 3 | 2.5 | 1881 | 36 |
| Pending | 7634 Hollister Ave 353 | $459,000 | 1 | 1 | 870 | 29 |
| Pending | 7160 Georgetown Rd | $519,000 | 2 | 1 | 951 | 62 |
| Pending | 592 Mills Way | $524,700 | 2 | 2 | 1056 | 15 |
| Pending | 7045 Marymount Way | $550,000 | 2 | 2 | 1101 | 9 |
| Pending | 245 Big Sur Dr | $780,000 | 3 | 2 | 1048 | 51 |
| Pending | 410 Santa Barbara Shores Dr | $839,000 | 4 | 2 | 1348 | 70 |
| Pending | 437 Pitzer Ct | $849,000 | 5 | 2.5 | 1884 | 40 |
| Pending | 447 Daytona Dr | $859,000 | 3 | 2 | 1480 | 29 |
| Pending | 7175 Armstrong Rd | $915,000 | 3 | 2 | 2319 | 63 |
| Active | 145 Ellwood Station Rd | $549,000 | 2 | 2.5 | 1166 | 9 |
Closed Sales – Condominiums and Houses
| Address | Sold Price | Beds | Baths | Sq Ft | DOM | Sale Date |
| 452 Linfield Pl A | $449,000 | 2 | 1 | 1008 | 6 | 07/25/16 |
| 451 Cannon Green Dr E | $450,000 | 2 | 1.5 | 1024 | 8 | 08/18/16 |
| 371 Cannon Green Dr E | $479,900 | 2 | 1.5 | 960 | 19 | 07/06/16 |
| 578 Mills Way | $511,000 | 2 | 2 | 1152 | 25 | 07/15/16 |
| 359 Cannon Green Dr A | $519,000 | 2 | 1 | 888 | 8 | 05/13/16 |
| 556 Mills Way | $525,000 | 2 | 1.5 | 1056 | 6 | 09/23/16 |
| 7098 Marymount Way | $544,900 | 2 | 1.5 | 1054 | 101 | 09/29/16 |
| 7070 Marymount Way | $559,000 | 2 | 1.5 | 1056 | 25 | 08/11/16 |
| 359 Cannon Green Dr E | $589,000 | 3 | 1.5 | 1360 | 47 | 08/10/16 |
| 371 Cannon Green Dr C | $595,000 | 3 | 1.5 | 1360 | 23 | 06/17/16 |
| 359 Cannon Green Dr B | $608,000 | 3 | 3 | 1462 | 17 | 10/04/16 |
| 7326 Lowell Way | $698,000 | 4 | 2 | 1245 | 68 | 09/21/16 |
| 387 Pacific Oaks Rd | $700,000 | 2 | 3 | 1707 | 4 | 04/22/16 |
| 211 Pebble Beach Dr | $739000 | 4 | 2 | 1348 | 62 | 06/17/16 |
| 7244 Fordham Pl | $895,000 | 3 | 2 | 2079 | 30 | 11/10/16 |
| 429 Pomona Ct | $899,000 | 4 | 2.5 | 1714 | 20 | 08/09/16 |
| 7608 Newport Dr | $969,000 | 4 | 2 | 1864 | 166 | 06/21/16 |
| 510 Coronado Dr | $995,000 | 5 | 4 | 2528 | 114 | 05/13/16 |
| The Grove Condos – 9 sales / $399,000-$511,000 / 1 & 2 bedroom | ||||||
- Median condominium price in the Ellwood area (Y-T-D): $510,000 – 30 sales!
- Median home price in the Ellwood area (Y-T-D): $875,000 – 8 sales!