Through the middle of August ’08 for Carpinteria Real Estate/Summerland Real Estate there have been 32 Home Estate/PUD sales. This number compares to 46 sales at this time last year. The decline in the numbers of sales is accompanied by a significant drop in the average sales price from almost $3 million last year to just over $2 million this year. The median sales price has also declined down to about $900,000 from about $1.2 million last year. The one number that is better than it was this time last year is the days on the market which are down from 104 in ’07 to the current 84.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate there have been 17 sales through August 21 which is down 31 at this time last year. Unlike Home Estate sales however the average sales price has dipped at a much lower rate. This year the number is about $510,000 and last year it was $575,000. The median sales price for condos is a little which showing up at about $475,000 this year compared to $555,000 last year. But unlike Home Estates which saw the days on the market fall the condos have taken substantially longer to get into escrow. This year that number has been 132 days and last year it stood at 106.
Posted by gandlwoods at August 28, 2008 08:42 AM