From 1/1/14 to 8/3/14for Carpinteria Real Estate and Summerland Real Estate for the Home Estate/PUD market there have been 38 sales compared to 58 last year. The median sales price has come risen from $832,500 last year to $962,500 this year while the average sales price went up from $1,320,508 last year to $2,701,270. Those 38 sales took on average 52 days to get an accepted offer and when you add in another 37 days of average escrow time you get a total marketing time of 89 days.
For Condominiums for the same time period in Carpinteria Real Estate and Summerland Real Estate this year there have been 26 sales this year compared to 58 last year. The median sales price has gone up from $445,000 last year to $516,250 this year and the average sales price has gone up from $470,943 to $556,548. Those 26 sales took on average 37 days to get an accepted and when you add in another 29 days of average escrow time you get an average of 66 days of total marketing time.