For the Santa Barbara Real Estate areas of Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs there were 6 properties that closed. Compare that to the 11 that closed for the period of Mid June to July. Interestingly enough the Median Sales price is up slightly from $830,000 a couple of months ago to $832,500 for the current period. The number of properties that came on the market was exactly the same with 7, but the properties that went into escrow are down from 8 to 5. The inventory is down slightly from 58 properties in June to 58 currently but the Median Listing price is way up from $1,395,000 to $1,820,000.
For the condo market of Carpinteria Real Estate/Summerland Real Estate Santa Barbara Real Estate areas the number sales is also down from what it was in June. 2 months ago there were 6 condos that closed but currently there are 3. Even though fewer properties closed Median Sales price is up from $499,125 to the current $546,000. The big change is that the average days on the market were 51, but currently it’s at 106. The good is that the number of condos that went into escrow in June was 3 but currently we’re looking at 9. The inventory is down substantially from June when it was 52 available condos with a Median Listing price of $529,000 to 42 currently with a Median Listing price of $589,000.