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Santa Barbara Real Estate for the 1st, 8 Months of ’14 for Carpinteria-Summerland

Submitted by Gary Woods on Sat, 09/06/2014 - 12:30

For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real EstateEstate for the first 8 months of ’14 compared to ’13 the sales are down with 45 this year compared to 70 last year but the median sales price is up from $850,000 last year to $1,000,000 this year. The average is also up from $1,372,010 in ’13 to $2,515,647 in ’14. The numbers of escrows are down from 79 last year with a median list price of $860,000 to 54 this year with a median list price of $1,102,500. Right now there are 35 Home Estate/PUDs available for purchase with a median list price of $1.399 million and an average list price of $3.374 million.

For the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate for the first eight months of ’14 compared to ’13 the sales are down from 66 to 29 but the median sales price is up from $440,000 to $505,000. The average sales price is also up from $472,404 to $545,353 but the sales price to original list price ratio is down from 98.52% to 95.91%. The numbers of escrows is down from 63 to 29 but the median list price on those escrows is up from $449,000 to $529,000. There are fewer new listings this year with 48 compared to 67 last year but the median list price on those new listings is up from $459,000 to $536,500. Right now there are 18 condos available for purchase in Carpinteria/Summerland with a median list price of $549,000 and an average list price of $556,805.