For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first 3 months of ’08 11 homes closed escrow with a median sold price of $964,125 and an average sales price of $%2,362,365 compared to ’07 when 15 homes closed escrow with a median sold price of $1,615,000 and an average sold price of $5,923,333. For ’08 31 new homes came on the market with a median asking price of $998,000 and an average asking price of $2,194,414 while in ‘07 that number was 32 with a median asking price of $1,250,000 and an average asking price of $3,815,184. In ’08 so far 14 homes went pending, 7 were withdrawn 3 canceled and 25 expired with 6 coming back on the market. For ’07 those numbers were 18 properties went into escrow, 7 were withdrawn from the market, 4 listings cancelled, 13 expired and 6 came back on the market. Currently there are 46 homes for sale in the area with a median list price of $1,350,000 and an average list price of $3,791,823.
For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for the first three months of ’07 in the Condo market 9 condos closed escrow with a median sold price of $570,000 and an average sold price of $580,000 compared to the ’08 numbers of 6 sold condos with a median sales price of $472,500 and an average sales price of $492,583. 44 condos came on the market with a median asking price of $589,000 and an average asking price of $610,599 in ’07 and in ’08 23 came on the market with a median asking price of $559,000 and an average asking price of $572,300. During ’08 so far 9 properties went pending, 6 were withdrawn and 7 cancelled, 15 expired with 11 coming back on the market. Compared that to the same period in ’07 when 15 properties went into escrow, 2 were withdrawn from the market, 7 listings cancelled, 17 expired and 5 came back on the market. Currently there are 36 condos for sale in the area with a median list price of $565,000 and an average list price of $623,937.