For the Santa Barbara Real Estate area of Carpinteria Real Estate
/Summerland Real Estate
for Home Estate/PUDS for the first 6 months we see about a 20% drop in the numbers of sales compared to 07 but the more substantial drop is in the median sales price. Last in 07 the median sales price was about $1.5 million compared to this year when the median sales price is just below $1 million for the first 6 months. This 20% gap in the numbers of sales is further amplified with the pending sales numbers. In 07 at this time there had been 38 pending sales and this year there have been 29 for about a 30+% gap. The median list price of those properties is starting to move closer together. In 07 the pending listings median list price was about $1.2 million and this year that number is about $900,000. The only really good number is days on the market which has gone down to 92 days this year. Compared to last year when it was 129. Currently there are 65 Home Estate/PUDs available in Carpinteria/Summerland right now with a median list price of $1.25 million and an average list price of $3.3 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate
/Summerland Real Estate
for the first 6 months the gap which gauged against last year is even wider. For 07 there were 25 sales and this year weve had 15. There has been about a $100,000 drop in the median sales price compared to 07 but the average sales price is a lot closer together. This year the average is about $530,000 last year the average was about $590,000. It appears that the sales numbers are going to remain about where theyve been because of the pending listing numbers. Last year there were 30 condos that entered escrow and this year that number is 17. The median list price for the pending listing media list price is starting to get closer together however. Right now that number is about $500,000 and last year that number was about $590,000. Currently there are 85 condos available in Carpinteria/Summerland with a median list price of $679,000 and an average list price of $670,265.