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 19% fewer homes on the market but just 8% fewer new listings. The stark numbers are in the numbers of escrows. While ’08 started off significantly ahead of ’07 as far as the numbers of sales and escrow it has now fallen to just 50% of last year’s escrows and 42% of last year’s sales. Mirroring the falling number of escrows and sales is the Average Sales Price which has fallen 36%. But even with a decline of 36% the Average is still about $3,153,635 which ain’t too bad!
The PUD market for the Santa Barbara Real Estate area of Hope Ranch Real Estate saw no activity.