For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 3 months of ’08 there have been 7 home estate sales with a median sales price of $2,259,080 and an average sales price of $2,719,154. This compares to the same time period for home estates in ’07 when we saw in the Single Family Home market 6 homes closed escrow with a median sold price of $2,627,500 and an average sold price of $3,284,166. So far in ’08 11 new home estate listings have come on the market with a median asking price of $2,595,000 and an average asking price of $3,147,454. In ’07 those numbers were12 homes came on the market with a median asking price of $3,195,000 and an average asking price of $5,159,916. Thus far in ’08 there have been 4 home estates go pending, 0 listings cancelled and 2 expired, with 2 coming back on the market. For ’07 those numbers were 10 properties went into escrow, 1 was withdrawn from the market, 1 listing cancelled, 7 expired and 3 came back on the market. Currently there are 14 homes for sale in the area with a median list price of $2,850,000 and an average list price of $5,603,928.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first three months of ’07 in the Condo market there was no activity