For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market 08 has some changes and some similarities with 07. The overall total active listings are down by 32% with 77 in 07 and 52 for 08, and the new listings are down even further with 37 in 07 and 14 in 08 for 62% decline. Condos that entered escrow are also down markedly from 14 in 07 to 6 in 08. But remarkably the numbers of sales is down by only 1 from 5 last year to 4 this year. And even more remarkably the average sales price I basically the same with $511,000 last year vs. $513,000 this year.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings available for sale is up about 17% but the number of new listings is down by 18%. The number of homes entering escrow is slightly behind where it was last year when we had 17 and currently were at 14. The Average Sales Price is way down from $6,558,192 last year to $2,107,628 this year which is a 67% decline.
In the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the PUD market the inventory is exactly where it was last year with 2 and the new PUDs are also where there were with 1.
The Escrows are also the same at 0 and the sales likewise at 0 for both years.