For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through November 13 the number of available properties is almost exactly what it was last year. But the numbers of condos going into escrow has slipped 23% with the numbers of sold properties falling even further by 31% giving us a drop in the overall sold volume of 41%. This decline in the units sold is despite the fact that the average sales price has gone down by about $100,000 for a 15% drop.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings is up by 15% for the year but the numbers of new listings has risen only about 6%. Despite this overall increase in the availability of homes the numbers that went into escrow is only up by 1% with numbers of sold properties actually declining by 13%. This 13% drop translates into a 36% fall in the overall sold volume with a 27% drop in the average sales price.
For PUDs in the Carpinteria Real Estate/Summerland Real Estate the overall inventory is up 2 for the year for a 25% rise. The new listings are also up by 2 but that translates into a 28% rise. But despite the increase in the available properties the PUDs going into escrow is down by 1 for a 33% fall which is the same number for the sold properties. The sold volume is also down by about 33% but interestingly enough the average sales price is only down by 1%.