Looking at ’12 Carpinteria Real Estate/Summerland Real Estate in the Home Estate/PUD market sales at the end of ’12 sales are about 4.3% behind of where they were the previous year ending with 88 closed sales. But this year the median sales price has risen by about 12.4% from $647,500 in ’11 to $727,500 in ‘12. A lot of escrows remain open as we end ’12 with 85 escrows opened this year compared to 96 last year. The median list price for those properties in escrow is $800,000 this compared to $662,000 last year. Right now there are 40 Home Estate/PUDs available for purchase in Carpinteria/Summerland with a median list price of about $1.9 million and average list price of about $4.2 million.
For the condo market for the Carpinteria Real Estate/Summerland Real Estate area sales ended the year about 6.5% behind of where they were last year ending ’11 with 62 sales compared to 58 in ‘12. The median sales price rose in the area by about 4.4% ending at $365,500 up from $350,000 last year. The pending condo sales are equal ending the year at 59. The median list price for those condos in escrow is slightly below $400,000 for ’12 up from $359,900 the year before. Right now there are just 7 condos available for purchase in Carpinteria/Summerland with a median list price of just below $587,890 and average list price of $662,912.