Why Live in Los Olivos
Los Olivos is a picturesque neighborhood characterized by its mix of curving county roads and wide, marked one-way streets near local stores. The area is dotted with mature pine, palm, and oak trees, providing ample shade to the mid to late-20th-century farmhouses, cottages, and ranch-style homes. These residences often feature cement walkways, spacious backyards, and wide porches adorned with growing plants. On the outskirts, some properties boast up to ten acres of farmland, complete with gravel driveways and livestock such as horses and goats. For outdoor enthusiasts, Foxen Canyon Ranch offers hiking trails through lavender farms and tree groves, while Sunny Fields Park and Hans Christian Andersen Park in nearby Solvang provide additional recreational options. Los Olivos is also a hub for wine lovers, with establishments like Los Olivos Wine Merchant and Café and Carhartt Family Wines offering tastings and tours. The community hosts annual events such as the Los Olivos Day in the Country and the Jazz and Olive Festival, fostering a strong sense of local culture. The neighborhood is served by the Los Olivos School District, with highly rated Los Olivos Elementary and Santa Ynez Valley Union High. California State Route 154 runs through the area, connecting residents to nearby towns like Ballard and Buellton. Santa Ynez Valley Transit buses provide additional transportation options, and Santa Barbara Airport is 34 miles southeast. The crime rate in Los Olivos is lower than the national average, contributing to its appeal as a residential area.
Frequently Asked Questions
What is the average home price in Los Olivos, CA?
Homes for sale in Los Olivos, CA have an average home price of $3,384,705.
Are home prices dropping in Los Olivos?
Yes, home prices in Los Olivos are down 20% in the last 12 months.
How many homes have sold over the last 12 months in Los Olivos, CA?
21 homes have sold in Los Olivos, CA over the last 12 months.
What are the most popular zip codes in Los Olivos, CA?
How much do you need to make to afford a house in Los Olivos?
The median home price in Los Olivos is $2,287,500. If you put a 20% down payment of $457,500 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $11,890 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $510K a year to afford the median home price in Los Olivos.
How are the schools in Los Olivos, CA?
Home Trends in Los Olivos, CA
On average, homes in Los Olivos, CA sell after 95 days on the market compared to the national average of 50 days. The median sale price for homes in Los Olivos, CA over the last 12 months is $1,750,000, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$1,750,000
Median Single Family Sale Price
$1,906,500
Average Price Per Sq Ft
$1,346
Number of Homes for Sale
6
Last 12 months Home Sales
21
Median List Price
$2,287,500
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-11%