For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 4 months of 08 for the Home Estate/PUD market weve seen 7 sales. In 07 that number was 10. The Median Sales Price is also close with $2,627,500 for 07 and $2,259,080 for 08. The Homes that have gone into escrow are quite different year over year. In 08 weve 7 properties go pending while in 07 that number was 14. Interestingly the homes that have gone pending in 08 have a much higher Median List Price of $3,995,000 as opposed to the 07 number of $2,995,000. Another big difference is the days on the market. In 07 it took 167 to get an accepted offer whereas in 08 its only taken 78. The numbers of properties that have come on the market are much closer together. This year 17 new homes have come on with a median list price of $3,195,000 as opposed to last year when there were 18 that came on with a median list price of $3,195,000.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first four months of 07 and 08 in the Condo market there was and has been no activity.