Real estate in 2019 is off and running in Carpinteria. One quarter is behind us as April comes to a close.

Taking a macro look at our small market, this year started with many single-family home sales. During the first quarter, 30 single-family homes were sold, a number far greater than the previous three years. What’s interesting is that many of these sales have been at a higher price point bringing our average home sales price up. Additionally, the number of sales that occurred off-market is unusual—10 out of the 30 homes were sold off-market.

At the same time, our condo market has stayed consistent and has not seen the same push. This year’s number of sales has remained consistent with the previous three years. There were 14 sales in the first quarter, which tracks consistently with 2016 through 2018. The notable change for the condo market is the drop in the median sales price. There has not been a price decrease but a change in the price-mix of condos sold. For the first quarter of 2019, five condos sold below $500,000, which brought down the median sales price. In comparison, in 2018, there was only one sale below $500,000 in the first quarter.

Now we are heading into the best time of the year, even though we must share our town and beaches with seasonal visitors. With interest rates back down and taxes behind us, as we head into summer, the market appears to be heating up. Hopefully, the rest of the year is a good one for all of us and for real estate.

Jon-Ryan Schlobohm is a licensed realtor and broker associate with Schlobohm/Hodson Trusted Partners, Compass. He and his business partner Kirk Hodson specialize in residential real estate in the Carpinteria and Santa Barbara area. To learn more, visit schlobohm-hodson.com. Jon-Ryan can be reached at (805) 450-3307 or jr@jon-ryan.com.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.