13 Mar 2008 06:54:45 | Gary Woods
So where is Summerland Real Estate?? On the East it goes from
the Padaro off ramp. On the West it extends to the top of Ortega
Ridge Rd and includes all those wonderful new homes along Ortega
Ridge. On the South Summerland Real Estate Starts at the Ocean
and extends North East Valley Rd in Montecito..
Okay, so now we know where it is, what's been going on with
Summerland Real Estate for the past year? Well, 10 homes have
been sold excluding Condominiums which comes $17.485 million
worth of real estate that changed hands. This gives us a pretty
amazing $2.74 million average home price. But even the Median
Price for Summerland Real Estate is almost $1.7 million.
During the year 25 properties came on the market with a median
asking price of $1.695 and an average asking price of $1.815
million. Currently there are 8 single family homes for sale with
a median asking price of $1.495 million and an average asking
price of $1.438.
On the Condominium front there have been 3 sold this year
accounting for $2.917 million worth of Real Estate. This gives
us an average sales price of $972,000. The condos in Summerland
extend from close to Lillie Ave. next to the freeway to well up
into the upper levels of the area.
25 Condos have come on the market so far in 2005 with a median
list price of $659,000 and an average list price of $879,000.
Currently there are only 2 Condos for Sale in Summerland with an
average asking price of $882,000 and a median asking price of
$679,000.
Well that's it for Summ
erland Real Estate for now!!!
About Author :
Gary Woods is a Realtor in Santa Barbara California and serves
the areas of Santa Barbara, Montecito, Goleta, Carpinteria and
Summerland. He is the Trainer for the Santa Barbara Association
of Realtors and can be heard on Radio 1290 AM Mondays from
9-10AM.
