March 27, 2009

February 20 to March 20 ‘09 for Carpinteria/Summerland Real Estate for Santa Barbara Real Estate

For the Santa Barbara Real Estate an area of Carpinteria Real Estate/Summerland Real Estate for Home Estates and PUDs for the 30 day period from February 20th to March 20th ’09 there was 1 sale for $6.35 million but it took 265 days to get an accepted offer on that property. That compares to the same period last year when there were 4 sales with a median sales price of $1.78 million. The pending numbers for that same period are identical showing up with 8 in both years but the median list price for those 8 was $889,000 in ’08 compared to $799,000 for ’09. On the other side of the coin 15 new properties came on this year with a median list price of $950,000 compared to last year when there were 10 new listings with a median list price of $875,000. Currently there are 79 Home Estate/PUDs available in Carpinteria/Summerland with a median list price of $1.495 million and an average list price of $4.23 million.

For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period only 2 properties sold with a median sales price of $648,500 whereas in ’08 there were 3 sales with a median sales price of $650,000. The good news is this year 7 properties went pending with a median list price of $449,000 compared to ’08 when there were just 2 with a median list price of $299,900. There was just about exactly the same number of new properties that came on the market. 9 this year with a median list price of $489,000 compared to ’08 when there were 10 new with a $499,000 median list price. Currently there are 34 condos available with a median list price of $550,000 and an average list price of $861,532.

Posted by gandlwoods at March 27, 2009 08:34 AM