For the Santa Barbara Real Estate an area of
Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs for the period of 7/9 through 8/9 there were 4 sales with a median sales price of $649,137. This compares to the same period in 07 when there were 14 sales with a median sales price of $887,500. This is a significant drop particularly in the numbers of units sold but also a decline of almost $250,000 in the median sales price. On the other side of the coin for the same period in both years there were 6 homes that went into escrow. Theres still a gap in the median list price for those 6 homes however. In 07 that median list price was $935,000 and in 08 its $825,000. For Carpinteria/Summerland the surge or new properties coming on the market continues in 08 with 21 units coming on the market for the period compared to 6 for 07. But the difference in the median list price for those new properties is substantial. This year the number is $1,195,000 and last year it was $1,869,000. Currently there are 78 Home Estate/PUDs on the market in the area with a median list price of $1,250,000 and an average list price of $5,402,197.
For the condo market of
Carpinteria Real Estate/Summerland Real Estate for Santa Barbara Real Estate the number of sales for the past 30 days has been 0 compared to 4 in 07. The pending numbers are fortunately much closer together with 6 condos going into escrow in 08 compared to 7 in 07. There is about a $100,000 reduction in the median list price of condos going into escrow for 08 and about a $150,000 difference in the average list price for the area. Currently there are 80 condos on the market in Carpinteria/Summerland with a median list price of $679,000 and an average list price of $705,548.