For the Santa Barbara area of Carpinteria Real Estate/Summerland Real Estate for the condo market through January 16 ’10 the overall inventory has dropped from 37 properties in ’09 to 26 this year and the new listings went from 6 in ’09 to 4 in ’10. But the escrows jumped up from none early in ’09 to 3 this year and the sales also went from 1 last year to 3 this year. The average sales price however dropped by 33% down from $485,000 in ’09 to $324,667 in ’10.
For Home Estates in Carpinteria Real Estate/Summerland Real Estate the total numbers of listings through January 16 has the inventory down from 89 in ’09 to 72 in ’10 with new listings dropping only slightly from 9 to 8 this year. The numbers of escrow did go up however from 1 to 2 and the sales also rose from 1 to 3. The average sales price even went up from $500,000 in ’09 to $1,066,667 this year.
For PUDs in the Carpinteria/Summerland through January 16 there was no activity.