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Carpinteria/Summerland Days on the market for 1-1-14 to 12-24-14 compared to the previous year

Submitted by Gary Woods on Tue, 12/30/2014 - 13:30

From 1-1-14 to 12-24-14 forCarpinteria Real Estate and Summerland Real Estate for the Home Estate/PUD market there have been 80 sales compared to 105 last year. The median sales price has come risen from $855,000 last year to $922,500 this year while the average sales price also went up from $1,446,982 last year to $2,081,666. Those 80 sales took on average 63 days to get an accepted offer and when you add in another 39 days of average escrow time you get a total marketing time of 102 days.

For Condominiums for the same time period in Carpinteria Real Estate and Summerland Real Estate this year there have been 47 sales this year compared to 82 last year. The median sales price has gone up from $445,000 last year to $499,000 this year and the average sales price has also gone up from $474,909 to $528,952. Those 47 sales took on average 56 days to get an accepted and when you add in another 36 days of average escrow time you get an average of 92 days of total marketing time.