For Santa Barbara Real Estate in Carpinteria Real Estate/Summerland Real Estate the Price Range Statistics for 1/1/2008 to 3/15/2008 there were 44 Home Estate/PUDs on the market. Of those homes the highest price once is listed for $35 million and the lowest for $575,000. The $35 Million home along with other high priced properties skews the Average way up to a whopping $4,049,086, but the Median List price is still up there at $1,350,000. Currently the Average Time these homes have been on the market is 139 days.
Currently there are 9 Homes in escrow with a high of $1.32 million and a low of $499,900. The median price for the homes in escrow is $889,000. The average market time is right at 101.
Looking at sales for the first part of the year, there have been only 7 Home Estate close escrow. The highest priced sale was $7,500,000 with the lowest showing up at $649,900 giving us a Median Sales price of $1,035,000. The activity for Carpinteria/Summerland is about half of what it was last year at this time and over all the sales prices have been drifting down.
For Carpinteria Real Estate/Summerland Real Estate area for Condominiums currently there are 32 condos on the market. This number is definitely starting to slide down. The highest listed condo is $997,000 and the lowest is priced at $319,000 giving us a median list price of $559,000. The Average market time for all those properties is 128 days.
Currently there are only 2 condos that are in escrow and they’re both in the lower end of the market. The highest priced condo in escrow is listed at $299,900 and the lowest is at $279,900. The really tough number is that it took 141 days for the condos to get into escrow. So the seller had to not only taken less but it took a longer time to get those numbers.
Condo Sales have been better than they were in ’07 at this time. 5 Condos have closed escrow with a high of $785,000 and a low of $325,000. This gives us a median sales price of $541,000 which while lower than what it was last year is still a pretty healthy number. The average market time for those condos that closed is 111 days.