For Santa Barbara Real’s Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through September 15 is down 21% from last year to $687,500 but the numbers of sales has jumped 21% to 47.
The difference between the median list prices for ’09 of about $1.5 million compared to the $687,500 median sales price is a whopping 54% compared to last year when there was a $1.3 million median list price with an $870,000 median sales price for a 33% gap.
For the Carpinteria Real Estate/Summerland Real Estate condo market the numbers of sales is 67% ahead of where it was last year topping out at 35 but the median sales price is 15% down from the previous year standing at $400,000.
The gap between median list price and median sold price for ’09 is 20% with a $499,000 median list vs. a $400,000 median sold price which compares to last year when the median list price was $639,000 compared to the median sold price of $469,000 which gave us a 27% gap.