For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first month of ’07 in the Single Family Home market 1 home closed escrow with a median sold price of $6,900,000 and an average sold price of $6,900,000. For ‘08 2 homes closed escrow with a median sold price of $2,080,000 and an average sold price of $2,080,000. For ’07 4 homes came on the market with a median asking price of $2,150,000 and an average asking price of $3,698,500. For ’08 4 homes came on the market with a median asking price of $2,295,000 and an average asking price of $3,633,750. For ‘07 2 properties went into escrow, 1 was withdrawn from the market, 1 listing cancelled, 5 expired and 1 came back on the market. For ‘08 1 property went into escrow, 0 were withdrawn from the market, 0 listings cancelled, 1 expired and 0 came back on the market. Currently there are 12 homes for sale in the area with a median list price of $2,598,000 and an average list price of $5,807,333.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first month of ’08 in the Condo market there was no activity.