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 are currently 66 Home Estate/PUDs on the market. Of these properties the most expensive tops the charts at $35 million and the least expensive property is listed for just under $500,000. For those 66 homes the Median Listing Price is $1,195,000 and so far they’ve been on the market just over 4 months.
As of June 20 there are 10 Home Estate/PUDs in escrow with the highest priced property currently listed about right around $6 million and the least expensive home in escrow is listed at just $479,900. These homes went into escrow an average of 76 days so hopefully this means that the market is speeding up.
For the entire area we’ve seen 23 properties close escrow with an average sales price of about $2.4 million. The highest priced home went out for $13,200,000 and the least expensive property sold for $485,000. When you mush all that together you get a Median Sales Price of $1,035,000 which is still a lot of money. For those homes that closed escrow that average marketing time was 90 days.
For Carpinteria Real Estate/Summerland Real Estatearea for Condominiums currently there are 89 active listings in the area. This number continues to grow as we move farther into the year. The average listing price for those 89 condos is $670,702 with the highest priced offering coming it at just under $2 million. The least expensive property is listed at $289,900. There have been some higher priced condos come on the market lately so the median list price has edged up to $679,000. So far these condos have been on the market 93 days.