For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate
for the condo market through June 22nd there have been about 38% fewer active listings compared to last year. A substantial portion of those missing listings are due to one new development that came on the market and there has been no similar developments appear this year. But even though there are fewer listings to sell the numbers of sales is up by 20% for the year. Unfortunately with the numbers of sales up the average sales price is down by about 20% to the current approximately $400,000 level.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate
the total numbers of listings through June 22nd is up from ’08 by 22% with the escrows rising by 44% for the year. But despite this surge in activity the numbers of sales remains down by 3% with the average sales price sliding down by 26% to the current $1.75 million mark.
For PUDs in the Carpinteria Real Estate/Summerland Real Estate
through June22nd there have been only 2 listings compared to 4 last year. But the number of properties going into escrow is exactly the same at 1 for each year. The sales are also the same with 1 for both ’08 and ’09 but the sales price last year was $745,000 compared to $591,000 this year.