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 there have been fewer homes on the market this year for a drop of 22%. But the new listings are only down by 10%. This slight drop in the numbers of new listings is also accompanied a drop in the numbers of escrows by 64% but a drop in the numbers of sold properties by 30%. The average sold price is also down by 20% but this is due to some rather large sales early in ’07. I think it will turn out to be another good year for Hope Ranch despite some of the current down numbers.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch Real Estate saw no activity.