From Jan1 to November 11 for Carpinteria Real Estate/Summerland Real Estate there have been 57 sales this year compared to 50 last year. But the median sales price has gone from about $830,000 last year to the current number of $675,000. The average sales price has slid even further from about $1.9 million to $1.2 million. Those 57 sales took an average of 91 days to get an accepted offer and when you tack on another 49 days of average escrow time you get a total marketing time of 140 days.
For Condominiums in Carpinteria Real Estate/Summerland Real Estate for the same time period there 34 sales last year compared to 44 this year. The median sales price went down however from $464,500 last year to $417,500 this year. But the average sales price went up rising from about $490,000 to about $505,000 this year. Those 44 sales took an average of 115 days to get an accepted offer with an additional 56 days of escrow time to give you a total marketing time of 171 days.
Posted by gandlwoods at November 13, 2009 06:14 AM