Through the middle of March 08 for Carpinteria/ Summerland Real Estate there have been 5 sales compared to the 13 that were posted for the same period in 07. This is a significant 25% reduction in the numbers of sales. But the biggest difference is in the median sales price where we see a $946,125 number posted for 08 compared to $1,615,000 last year. This median and average sales numbers can be deceptive for Carpinteria/Summerland however because of the diversity of properties. A few of the homes in the beach area or foothills can skew these numbers dramatically. The days on the market has lengthened by almost 3 weeks. In 08 its been 107 days for sellers to get an accepted offer compared to 86 for 07.
For Condominiums in Carpinteria Real Estate/ Summerland Real Estate there have been 5 sales in 08 compared to 6 in 07. The Median Sales price for those periods is also rather close. In 08 the Median Sold price has been $525,000 compared to $537,500 in 07. Also the Average Sales price is close for both years. In 08 its been $541,000 compared to $525,500 for 07. As far as Days on the Market is concerned for 08 its taken 111 Days to get an accepted offer as opposed to 149 in 07.
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