For Santa Barbara Real Estate for ’05 in Hope Ranch Real Estatethere have been 26 Single Family Residences Close escrow since the fist of the year. The Average Days on the Market which means from the time the property was listed until it went into escrow for those properties was 82 days. The Average Days to Close which means the time the property was in Escrow was 46 days. This means that from start to finish was a total of 128 days. The Median Sold price for those properties was $2,700,000 and the Average Sold price was $3,340,711.
For Santa Barbara Real Estate for ’05 in Hope Ranch for condos there was not significant news.
And in more of Santa Barbara Real Estate News….
The Goleta plan for growth may have just met a roadblock at the State level because of its proposal for affordable housing. Because of the way Goleta has structure their plan builders are saying that it just won’t work to provide affordable housing.
Up to 55 percent of some projects have been designated at “affordable” by the council. The real question is whether the Housing and Community Development officials in Sacramento are going to view the proposal as a carrot or a stick for new construction.
If the proposal is viewed as actually hindering growth instead of promoting it, the plan could be DOA forcing Goleta to re-write it.
This one is going to take a while and a lot of talking to get ironed out.