For Santa Barbara Real Estate for ’07 in Carpinteria Real Estate/Summerland Real Estate through July 35 homes had closed escrow through September it’s been 51 meaning that the market has been about where it’s been all year. The Median sales price has fallen rather dramatically however with $1,300,000 in July to $1,050,000 currently. We see a similar drop in the Average sales price from $3,357,932 2 months ago to $2,706,016 now. There tend to be wider swings in the Carpinteria/Summerland area because of the wide diversity of home prices. On Padaro and Sandyland Cove there are properties that are in the 10s of Millions of Dollars compared to the tract homes of the tract homes of downtown Carpinteria which are closer to the Million Dollar range. The days on the market has stretched out slightly with 106 a couple of months ago to 111 now.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate number of sales has also remained constant. There were 27 sales through July and currently there have been 35. Also the Median sales price is very close to where it was. In July it was $570,000 compared to $555,000 for September. Likewise the Average sales price is close with $587,185 two months ago and $579,007 currently. The trend is slightly down, but not alarmingly so. And finally the days on the market like single family homes is slightly longer with 95 in July and 102 currently.