For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 2 months of ’07 in the Single Family Home market 2 homes closed escrow with a median sold price of $4,777,500 and an average sold price of $4,777,500. For ’08, 4 homes closed escrow with a median sales price of $3,460,000 and an average sales price of $3,288,750. For ’07 6 homes came on the market with a median asking price of $2,195,000 and an average asking price of $3,431,500. For ’08, 8 new homes came on the market with a median list price of $2,595,000 and an average list price of $3,303,125. Also for ‘07 5 properties went into escrow, 1 was withdrawn from the market, 1 listing cancelled, 6 expired and 2 came back on the market. For ’08, 5 properties went pending, 1 was withdrawn 0 cancelled, 2 expired and 0 came back on the market. Currently there are 11 homes for sale in the area with a median list price of $2,995,000 and an average list price of $6,140,727.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first two months of ’07 in the Condo market there was no activity.
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