From 12/11/08 to 1/11/09 there were 3 sales in the Carpinteria Real Estate/Summerland Real Estate Home Estate PUD market compared to 5 for the previous year. The median sales price of ’09 however has been right around $600,000 compared to last year when it was about $950,000. The difference gets even bigger when you look at the average sales price for ’08 which was about $2.2 million compared to ’09 when it’s been about $560,000. The Average Days on the Market for those 3 sales this year is 103 which is the time it took to get an accepted offer and you tack on another 93 days for escrow time and we’re looking at almost 200 days to get a home sold.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there were 3 sales this year compared to only 2 the previous year and the median sales price is almost exactly where it was last year. For ’08 the median sales price was $372,500 and in ’09 it’s $340,000. The average sales price for both years is also very close separated by $17,500. The Average Days on the Market this year 165 for condos and tacking on another 46 days for escrow time we’re looking at about 211 days to get a condo closed for Carpinteria/Summerland.
Posted by gandlwoods at February 26, 2009 08:45 AM