From Jan1 to April 9 there were 8 sales in the Carpinteria Real Estate/Carpinteria Real Estate Home Estate PUD market compared to 13 for the previous year. The median sales price in that time went from about $950,000 in ’08 to about $620,000 a year later. Even though the numbers of sales and median sales price are significantly down from where they were last year that actually represents a rise from where they had been earlier in the year. It took just over 4 months to get an accepted offer on those 8 sales and then another almost 2 most get those escrows closed.
For Condominiums in Carpinteria Real Estate/Carpinteria Real Estate for the same time period there were 8 sales this year with a median sales price of about $440,000 compared to 6 last year when the median sales price was about $35,000 higher at about $475,000. Condo sales continue ahead of last year’s pace even though they’re slightly lower in price. I think the condo market in Carpinteria/Summerland is starting to firm up at this time. Those 8 sales took approximately 4 and one half months to get an accepted offer and then another almost 2 months to close escrow.
Posted by gandlwoods at April 18, 2009 09:47 AM