The Condo market for the Hope Ranch Real Estate area of Santa Barbara estate saw now activity.
For Home Estates in the Santa Barbara Real Estate area of Hope Ranch Real Estate the inventory is way down from what it was in ’07 when we saw 20 total listings. In ’07 there have been 12. The numbers of new listings is also down from 4 in ’07 to the current 2 in ’08.
The numbers of escrows is exactly where it was last year at this time with 0. Also the numbers of sales is exactly the same with 2. The Average Sales price is way down by 58% from $5,045,000 last year to $2,080,000 this year.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch Real Estate saw no activity.