The Hope Ranch Real Estate area of Santa Barbara has been a great year both for numbers of sales and increase in the Median Sales price for 07 vs. 06 for Home Estate/PUDs. But it has definitely slowed to a crawl in December 07. This month we have had 1 sale vs. 3 for December 06. And to add insult to injury the Median Sales Price has dipped to a rock bottom (for Hope Ranch) $2,000,000. At this time last year that number was $2,800,000. One of the reasons there were 3 times the numbers of sales in 06 is the sellers were definitely in a bargaining mood. The Sales Price to Original List Price ratio was 80.71% compared to this years 95.47%. The only really good number for this year is the Days on the Market were 0 for the 1 property that sold. This means it came on and went out. Last year the Days on the Market were 154.
For Condominiums in Hope Ranch Real Estate there was no activity.