Through the middle of July ’08 for Carpinteria Real Estate/Summerland Real Estate there have been 27 Home Estate/PUD sales. This is about a 20% drop in the numbers of sales for the area but the real dramatic drop is in the median sales price which has fallen by about 30%. The average sales price has dropped even further and is down by about 35%. Basically what this tells you is properties at the beach have really slowed down dramatically. The only really good news for Carpinteria/Summerland Home Estates is that the Days on the Market has gone down from the 117 mark set in ’07 to the current 84 Days on the Market.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate there have been 16 sales through July 11 which is down by a whopping 40% but interestingly enough the median sales numbers are only down about 15% and the average sales price has declined by only about 12%. But unlike Home Estates the Days on the Market for Condos is above the ’08 mark currently coming in at 121 compared the ’07 number of 95.
Posted by gandlwoods at July 16, 2008 08:52 AM