For Santa Barbara Real’s Carpinteria Real Estate/Summerland Real Estate for the Home Estate/PUD market the median sales price through October 9th there have been about 16% more sales this year compared to last but the median sales price has dropped about 19% to approximately $690,000.
The difference between the median list price of $1.35 million and the median sold price of about $690,000 is about 50% for ’09 compared to last year when the gap was 34% with a median list price of $1.279 million and a median sold price of about $850,000.
For the Carpinteria Real Estate/Summerland Real Estate condo market the numbers of sales is up 30% with a total of 39 but the median sales price has dropped about $460,000 in ’08 to $415,000 this year for a about a10% decline.
The median sales price this year is about $500,000 but the median sold price of $415,000 gives us a 17% drop. This compares to last year when there was a $640,000 median list price and a $460,000 median sold price for a 28% gap.