For the Santa Barbara Real Estate area of
Carpinteria Real Estate/Summerland Real Estate for the first 8 months of 09 compared to 08 the numbers of sales are up by 8 currently standing at 45 with the median sales price down by about $170,000 to the current $700,000. The numbers of properties that have gone into escrow are way up to 54 with the median list price for those homes hovering right at that $700,000 mark. The sales price to original list price ratio for the yes is in the low 80s meaning that a lot of sellers got a lot less than theyd hoped for. Right now there are 82 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of $1.35 million and an average list price of about $4.2 million.
For the Santa Barbara Real Estate area of
Carpinteria Real Estate/Summerland Real Estate for the first 8 months of 09 in the condominium market sales are significantly ahead of where they were last year with 31 closed transactions compared to 19 last year. The median sales price has come down from $469,000 in 08 to the current number of $408,000. The numbers of escrows that have been opened this year stands at 41 compared to 26 last year but the median list price for those properties has come down from $465,000 last year to $420,000 this year. The sales price to original list price ratio is down on the high 70s this year which means that sellers gave up over 20% of what they would have liked to have gotten for their homes. Right now there are only 24 condos available for purchase in Carpinteria/Summerland with a median list price of $575,000.