Beautiful Hope Ranch Real Estate

Real Estate in Carpinteria for the first half of 2003

The number of listings for single-family homes declined in 2003 from 74 in 2002 to 69 currently. The decrease was primarily in the 2nd quarter. The number of listings for condominiums and PUDs was up with 54 this year as opposed to 48 for the first half of 2002.

The number of sales of single family homes declined –28% for the first two quarters with the first quarter showing only a –4.3% declined as opposed to a –44% decline for the 2nd quarter. Condominiums and PUDs saw a similar decline in sales from 38 for the first two quarters for 2003, an overall decline of –13.6% with the first quarter up 1% and the second quarter a decrease of –33%.

The median sales price for 2003 is $668,150 in comparison to $722,500 for the same period in 2002, a decrease of –7.5%. The first quarter of 2003 saw a median sales price increase of 7.7% with the second quarter median sales price falling to –19.2%. Condominiums and PUDs median sales price for the first half of 2002 was $367,667 vs. $362.834 for the same period in 2003 a decrease of –1.3%.

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