For the Santa Barbara Real Estate area of Carpinteria Real Estate/Summerland Real Estate for Home Estate/PUDS for the first 4 months of 09 there have been 14 sales compared to 17 last year. While this figure is behind the previous year the gap continues to close and next month it might be even with the previous year because currently there are 21 homes that have been in escrow compared to last year when there were 18. The median sales price however remains rather far apart however. Last year it was just under $900,000 at this time and this year its $634,000. The Sales Price to Original List Price Ratio has also dipped from 90% in 08 to under 80% in 09. Currently there are 78 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1.295 million and an average list price of more than $4 million.
For the Santa Barbara Real Estate area of Carpinteria Real Estate /Summerland Real Estate for the first four months of the condo market the numbers of sales has drawn even of where it was last year at this time after being ahead for most of the year. The numbers of sales may surge forward however because there have been 19 pending condos this year compared to 13 last year. But just like with Home Estate/PUDs the median sales price remains rather far apart and the gap appears to be widening. Last year the median sales price was $500,000 and this year its $390,000. Unlike the Home Estate/PUD market the Sales Price to Original List Price Ratio has actually gone down this year. In 08 that ratio was about 85% and this year its about 88%. Currently there are only 30 condos available for purchase in the Carpinteria/Summerland area with a median list price of $545,000 and an average list price of $862,193.