You are here

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

Submitted by Gary Woods on Tue, 07/14/2015 - 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 56 sales compared to 32 last year. The median sales price has fallen from $975,000 last year to $923,000 this year while the average sales price also went down from $2,488,694 last year to $2,122,323. Those 56 sales took on average 64 days to get an accepted offer and when you add in another 40 days of average escrow time you get a total marketing time of 104 days.

For Condominiums for the same time period in Carpinteria Real Estate/Summerland Real Estate this year there have been 49 sales this year compared to 24 last year. The median sales price has gone down from $558,254 last year to $499,000 this year and the average sales price has also gone down from $558,254 to $522,010. Those 49 sales took on average 38 days to get an accepted and when you add in another 32 days of average escrow time you get an average of 70 days of total marketing time.