For the Santa Barbara Real Estate areas of Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs there were 4 properties that closed. Compare that to the 7 that closed for the period of Mid August to September. The Median Sales price is also down slightly from $885,000 a couple of months ago to $817,750 for the current period. The number of properties that came on the market was is 14 for the current period compared to 7 two months ago, but the properties that went into escrow are down from 7 to 5. The inventory is up slightly from 50 properties in August to 58 currently but the Median Listing price is way down from $1,299,000 to $809,000.
For the condo market of Carpinteria Real Estate/Summerland Real Estate Santa Barbara Real Estate areas the number of sales is also up from what it was in September. 2 months ago there were 8 condos that closed but currently there are 10. Even though more properties closed Median Sales price is down from $589,000 to the current $482,500. The big change is that the average days on the market were 125, but currently its at 94. The bad news is that the number of condos that went into escrow in September was 10 but currently were looking at 3. The inventory is up from September when it was 42 available condos with a Median Listing price of $579,900 to the 46 currently with a Median Listing price of $615,000.