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 have been 48 Home Estate/PUDs on the market. The highest priced listing in the area is $35 million and the least expensive active listing is $499,000 with a Median List Price of $1,245,000. Carpinteria/Summerland is a difficult area to get a handle on price wise because of the huge separation of Homes. The ones on the beach and some of those on the Foothill corridor skew the statistics upward so an Average List Price of $3,574,550 doesn’t accurately reflect the market place.
Currently there are 8 properties that are in escrow with an average list price of $1,863,000. The highest priced Home Estate currently pending has an asking price of $4,750,000 and the lowest priced property is at $710,000 with a Median List Price of $1,250,000.
As we approach the half way mark for 2008 only 18 Home Estates have closed escrow so far with the highest priced home closing at $7,500,000 and the least expensive home going out at $485,000. The Median Sales Price of $899,000 is about half of what the $1,956,945 average sales price. Overall sales have been sluggish in the area so we’ll have to see whether this situation is corrected in the second half of the year.
For Carpinteria Real Estate/Summerland Real Estate area for Condominiums currently there are 81 active listings in the area. The Average List Price of those 81 stands at $679,671 with the highest priced condo topping the charts at $1,995,000. The least expensive condo in Carpinteria is listed at $299,000 and the Median List Price comes in at $679,000. It’s been a tough year for condos in the Carpinteria/Summerland area with the inventory definitely stacking up at this time.
Currently in escrow there are 7 with an Average List Price of $470,771. Topping the charts for condos that have gone pending is one at $620,000 and the least expensive condo in escrow is listed at $309,000. Currently for condos in escrow the Median List Price stands at $484,500.
At almost the half point of the year we see that 11 condos have closed escrow with an average sales price of $513,045. The most expensive condo that has gone out was sold for $895,000 and the least expensive condo closed at $250,500 in April. All that said we have a Median Sales Price of Condos in the Carpinteria/Summerland area of $500,000.
Posted by gandlwoods at May 12, 2008 07:32 AM