For the Santa Barbara area of Carpinteria Real Estate /Summerland Real Estate for the condo market through Nov. 18 ’09 the total inventory fell by 31% from the ’08 level and the new listings declined even further by 35%. But with the inventory way down the escrows were up by more than 50% and the sales have risen by 31%. The overall sold volume increased by 36% but the average sales price went up only 3% to about $505,000 for the year.
For Home Estates in Carpinteria Real Estate/ Summerland Real Estate the total numbers of listings through November 18 ’09 was up by 14% with the new listings for the year only up by 4%. With all that increased inventory the numbers of escrows has gone up by 36% with sales rising 15%. But even with all that activity the sold volume for the year fell by 20% and the average sales price declined by 30% down to about $1.3 million.
For PUDs in the Carpinteria/Summerland through November 18 the inventory is down by 1 but the numbers of new listings is exactly where it was last year with 8 for both ’08 and ’09. The escrows are exactly the same also with 1 in both years as are the sales with 1 in both years. For ’08 there was a have doubled from 2 to 4 as have the sales. The overall sold volume is up by 31% but the average sales price has gone down by 34% to $502,500.