For the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate for Home Estate/PUDS for the first 4 months of last year there were 20 sales. This year weve seen 17. This is definitely encouraging compared to other districts. The Median Sales Price is also up this year from $1.7 million last year to $1.9 million this year. The numbers of homes that have gone into escrow are also down only slightly from 22 in 07 to 20 in 08. The Days on the Market is actually down this year at 101 from 122 last year. The numbers of new listings is down from last year when it was 51 to the current 42 for 08. And the Median List Price for those new properties is almost exactly where it was last year when it was $995,000 compared to the 08 number of $998,000
For the Santa Barbara Real Estate area of Carpinteria Real Estate/ Summerland Real Estate for the first four months of the condo market the sales are down from 14 last year to 10 this year. The Median Sales Price has dropped from $584,000 in 07 to $536,450 this year. The condos that have gone into escrow are slightly behind with the current 15 compared to 18 in 07. The big difference in 08 is the time it has taken to get into escrow. The days on the market for condos stands at 136 compared to 100 for 07.The new condos that have come on the market this year is way up. Its 74 for 08 with a Median List price of $675,000 and in 07 that number was 58 with a Median List Price of $595,000.