For the Santa Barbara Real Estate areas of Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs there were 2 properties that closed. Compare that to the 5 that closed for the period of Mid September to October. The Median Sales price is way up though from $885,500 a couple of months ago to $1,255,000 for the current period. The number of properties that came on the market was is 8 for the current period compared to 14 two months ago, but the properties that went into escrow are down from 5 to 4. The inventory is up slightly from 56 properties in October to 58 currently and the Median Listing price is up from $1,595,000 to $1,690,000.
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 October. 2 months ago there were 10 condos that closed but currently there are 5. Even though more properties closed Median Sales price is down from $504,500 to the current $487,000. The average days on the market were 129, but currently its at 122. The good news is that the number of condos that went into escrow in October was 3 but currently were looking at 4. The inventory is down from October when it was 43 available condos with a Median Listing price of $599,000 to the 42 currently with a Median Listing price of $627,000.