Summerland-Carpinteria Real Estate from 2000 to 2005 for the first 10 months of each year

There's been a lot written and said about how the numbers for Summerland-Carpinteria Real Estate sales are off when you compare them to 2004. Since it's always a good idea to stand back and get a little perspective to see where we've been I thought I'd go back to 2000 and look at each subsequent year to today.

Okay, so looking at Summerland-Carpinteria Real Estate for 2000 from Jan. 1 through October 31 we see 72 sales with a median price of $589,850. The number of listings for the same time period was 127 with a median list price of $733,300. So there was roughly a $140,000 disparity between the list price and sales price.

For 2001 for the same time period sales were slightly slower with 65 properties closing escrow from 1/1 to 10/31. But the median sales price slipped up to $625,050. The number in 2001 of homes that came on the market was 141. And the original median list price for those 141 properties was $799,660.

So what happened in 2002 as far as sales were concerned? From 1/1 to 10/31 there were 84 houses that closed escrow. The median sales price at that time rose substantially from the 2001 level coming in at $750,000. The number of listings was 126 year to date for 2002 with a median list price of $908,000. That means from 2001 to 2002 number of sales and selling prices went up.

In Summerland-Carpinteria Real Estate for 2003 the number of sales fell slightly to 83 while the median sales price fell significantly to $704,200. The numbers of listings for that time period were off slightly at 111 and the median list price was below where it was in 2002 at $786,900.

Moving into 2004 what happened? Well in 2004 at that time we had 73 sales with a median sales price of $910,650. So sales dipped slightly from the previous year but the sales price went up. On the listing side 94 properties came on the market and the median asking price zoomed up to $987,900. So once again number of sales and number of listings are pretty close to what they were in the previous year, but the sales are down and the listing prices moved up.

Now in 2005 where are we with Summerland-Carpinteria Real Estate? Well sales are down by only 16 from 2004 for a total of 57 but the median sales price is way up at $3.63. The numbers of listings are up to 111 and the median list price is up to a whopping $1.53 million.

So looking back from 2000 to 2005 we had 72, 65, 83, 73 and 57 sales respectively. This is really a pretty remarkable example of stability but we are down pretty significantly in 2005. The median sales price from 2000 to 2005 went, $589,850, $625,050, $704,200, $910,650 to $1.53 million with the big jump coming between '04 and '05. So as far as Summerland-Carpinteria Real Estate is concerned the figures look pretty stable to me with number of sales in 2005 a little troubling, but you also have to factor in that huge rise in the median sales price.

Well that's it for Sumerland Real Estate and Carpinteria Real Estate for now!

About the author:

Gary Woods is a Realtor in Santa Barbara CA and he is the Trainer for the Santa Barbara Association of Realtors. He can be heard on Radio 1290 AM in Santa Barbara from 9-10AM Monday