Through the first 10 months of ’08 for Carpinteria Real Estate/Summerland Real Estate in the Home Estate/PUD market there have been 14% fewer sales this year compared to ’07 and the median sales price has fallen by over 17%. Despite the decline in the numbers of sales the properties that have entered escrow are only down by 2 compared to last year but the difference in the median list price of those pending properties is down over 22%. Right now there are 63 Home Estate/PUDs available in Carpinteria/Summerland with a median list price of $1.275 million and an average list price of over $5 million.
For the condo market for the Carpinteria Real Estate/Summerland Real Estate are there are about 32% fewer sales this year and the median sales price is down by about 17% just like the Home Estate market. But unlike the Home Estate market the numbers of condos that have entered escrow is down by about 25% and the median list price for those condos entering escrow is down by 18%. Currently there are 64 condos available in Carpinteria/Summerland with a median list price of $679,000 and an average list price of $844,557.