This week, let’s explore the year-end 2024 real estate trends for Carpinteria and Summerland.

For single-family homes, the market showed some shifts this year, with slightly fewer sales compared to 2023. Homes took a bit longer to sell, averaging just under two months on the market. Properties closed at just below list prices, but the median sale price saw significant growth, reflecting strong demand for higher-end homes. Buyers also benefited from an increase in available inventory, offering more choices.

For condos, the market remained active, with a notable rise in sales. Properties sold quickly, maintaining a high sale-to-list price ratio. The median sale price inched up, showcasing steady buyer interest. With more condos hitting the market, inventory growth supported a healthier balance between buyers and sellers.

Ahead Stay tuned in February for updates on January 2025 trends!