Beautiful Santa Barbara Blog

Hope Ranch Days on the Market through 11/10 plus ’06 to ’07 cumulative numbers

For Hope Ranch Real Estate it’s been a very good year. Sales are more than double from ’06 and the Median Sales Price is up about 50%. Last year there were 15 sales to this time and this year there have been 33. The Median Sales Price is up to $3,350,000 from last year’s $2,550,000 and the Sales Price to Original List price radio is down from 88.62 last year to 94.82 this year. The only number that is at variance with ’06 is Days on the Market. Last year it was 83 and this year it’s up to 104. But most people would think waiting an extra 3 weeks to go into escrow was worth it if you got an extra $800,000 in sales price. Things are definitely looking up in Hope Ranch.

For Condominiums in Hope Ranch Real Estate there was no activity.