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 May 5 to June 5 09 saw 4 sales compared to 3 for the same period last year. Unfortunately last year the median sales price for those 3 properties was $1.325 million and this year the median sales price is $646,000. The sales surge looks like its going to continue because last year at this time there were 5 properties in escrow and this year there are 8. The median list price for those properties is a lot closer together than the sold numbers. This year the median list price is $679,000 and last year it was $799,000. There is 1 more property that came on the market this year compared to last year but in 08 the median list price was $1.25 million and this year its $1.075 million. Currently there are 82 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1.249 million and an average list price of $4.393 million.
For Carpinteria Real Estate/Summerland Real Estate area for the condo market for the same period there were 3 sales this year and 3 sales last year. But this year the median sold price has dropped by $175,000 down to $400,000. The pending sales shows a big divergence with only 1 in escrow last year compared to 8 right now. The 1 escrow for last year had a list price of $299,000 while this year the median list price is $397,000. The inventory is starting to pick up with 12 new condos coming on the market this year with a median list price of $525,000 while last year there were 9 new listings with a median list price of $469,000. Right now there are 31 condos available for purchase with a median list price of $575,000 and an average list price of $791,029.
Posted by gandlwoods at June 11, 2009 07:41 AM