I thought this week we’d look at August to September to see if there is any movement one way or another in the Home Estate/PUD market for Carpinteria Real Estate/Summerland Real Estate. One month is a rather short period of time to get an idea of where the market is going and particularly August to September when the market starts to slow down but here goes nothin’! In August there were 7 sales and in September there were 6. The interesting numbers however are the continuing decline of the median list price which went down to $677,000 about a $100,000 drop from one month to the next. The average sales price showed an even larger decline falling about $120,000. The properties that went pending showed up as 7 for each month and the median list price for those properties in September actually went up about $40,000 for the month. For August 13 new Home Estate’s came on the market with a median list price of $675,000 and for September 17 showed up with a median list price of $699,000.
For the Condo market for Carpinteria/Summerland there were 5 sales in September with only 3 in August and the median sales price went up by about $20,000 for the month. The average sales price rose even farther and was up by about $30,000. The pending numbers were about equal for both months with 9 going into escrow in August and 8 for September but the median list price for September slipped to $435,000 from $460,000 in the previous month. 8 more condos came on the market in Carpinteria Real Estate/Summerland Real Estate in August with a median list price of $525,000 while only 5 showed up in September with a median list price of $509,000.