For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through September 24 there have been 34% fewer listings and 39% fewer new listings compared to the same time period for ’08. On the other side of the coin the numbers of escrows is up 40% with the numbers of sales up an amazing 50%. This rise in sales gives us a 55% increase in the sold volume but only a 3% increase in the average sales price which is still remarkable considering all of the rest of the areas have lower average prices.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings through September 24 is up 17% with the numbers of new listings up 7%. But towering above that number is the number of escrows which is up 50% with the numbers of sales rising 13%. Interestingly enough with the sales up the sold volume is actually down 17% with the average sales price dropping 27%.
For PUDs in the Carpinteria/Summerland through September 24 the total active listings are up by 1 this year with the numbers of new listings exactly even at 8. The properties that went into escrow are up by 1 and the numbers of sales is up by 2. The overall sold volume is way up by 31% but the average sales price has fallen by 34%.