For the Santa Barbara area of Carpinteria Real Estate/ a href="http://www.santabarbaraproperties.com/Summerland.html" target="_blank">Summerland Real Estate for the condo market ’08 looks similar in some ways and different in others to what occurred for the same period in ’07. The number of Total Active Listings shows about 9% of head of last year but the New Listings has ahead by 200%. The properties that have entered escrow are down dramatically this year with 0 as opposed to 2 last year. Also the properties that have closed escrow are up by 1. The Average Sales price has gone from $0 last year to $325,000 this year.
For Home Estates in Carpinteria Real Estate/ a href="http://www.santabarbaraproperties.com/Summerland.html" target="_blank">Summerland Real Estate the total numbers of listings available for sale is up about 30% but the number of new listings is down by 33%. The number of homes entering escrow is exactly where it was last year but the number of sales is down by 3. The Average Sales Price is way down from $3,088,000 last year to $798,012 this year which is a 74% decline.
In the Santa Barbara area of Carpinteria Real Estate/ a href="http://www.santabarbaraproperties.com/Summerland.html" target="_blank">Summerland Real Estate for the PUD market the inventory is exactly where it was last year with 1 and the new PUDs are also where there were with 0.
The Escrows are also the same at 0 and the sales likewise at 0 for both years.