Carpinteria CA Real Estate Market Update Sales Comparison 3rd Quarter 2012

After looking at all the MLS listings that are currently Active here in Carpinteria, the same story is being told as our overall Santa Barbara real estate market.  There is simply not that much available inventory and the homes / condos that are on the market tend to be either too high priced or are just in the higher end market ($1.5 million or above) where there are simply a few less buyers. The least expensive single family home on the market is a new listing that just came on this week at $775,000.  Most likely this will be in escrow within a few weeks tops.   Anything less than this is pending sale or has already closed. 

The majority of current active listings in Carpinteria tend to be beach condos, higher end beach homes from $4 to $15 million, or simply unique properties that need a very specific buyer. As far as the entry level market from a $250,000 condo to your single family home in the $500,000 to $700,000 price range, all of these homes are pending sale or have already sold.  Nothing again is seeming to stay on the market longer than several days to a few weeks. The highest priced sale this year so far in Carpinteria was a beach front home set on 2 acres located at 3165 Padaro Lane which sold for just shy of $17 million. The lowest priced sales have all been in the Casitas Village condos where most of these 2 bed 1 bath units are selling for $200,000 to $225,000 based on location and upgrades. Here below is a quick look at sales prices and overall sales for the Carpinteria area so far in 2012.

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    For more information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in the Santa Barbara area, please don’t hesitate to contact Kevin Schmidtchen at Berkshire Hathaway.    

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