For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through February 7th the inventory is down about 12% compared to last year but the new listings are ahead by 16%. Also there are double the amounts of condos in escrow from where we were last year with the sold volume holding at exactly the same level as in ’08. Even the average sales price is up in the area by 10%.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings through January 7th is up by 32% and the new listings are up by 23%. With more homes to sell we’ve got more escrows and they’re up by a whopping 66%. Unfortunately the sales are behind last year’s level but only by 1. But the average sales price has fallen by almost 40%.
For PUDs in the Carpinteria Real Estate/Summerland Real Estate there’s basically nothin’ goin’ on. Last year there was 1 listing at this time and all the other numbers are 0.