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