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Carpinteria/Summerland Days on the market for 1-1-15 to 5-16-15 compared to the previous year

Submitted by Gary Woods on Sun, 05/24/2015 - 12:30

From 1-1-15 to 5-16-15 for Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market there have been 38 sales compared to 22 last year. The median sales price has risen from $845,000 last year to $858,000 this year while the average sales price also went from $2,124,055 last year to $2,320,888. Those 38 sales took on average 65 days to get an accepted offer and when you add in another 35 days of average escrow time you get a total marketing time of 98 days.

For Condominiums for the same time period in Carpinteria Real Estate/Summerland Real Estate this year there have been 34 sales this year compared to 16 last year. The median sales price has gone down from $516,250 last year to $475,500 this year and the average sales price has also gone down from $537,937 to $487,970. Those 34 sales took on average 39 days to get an accepted and when you add in another 34 days of average escrow time you get an average of 73 days of total marketing time.