For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 5 months of ’08 for the Home Estate/PUD market we’ve seen 8 sales compared to 13 in ’07. The numbers of Homes that have gone into escrow is down even more dramatically from 18 in ’07 to 10 in ’07. Both the median and average sales prices are down from the ’07 level but both are still a lot of money. In ’08 median sales price is $2,392,040 and the average is $3,153,635. On the good side what has taken a huge dip is the days on the market which has fallen from 148 in ’07 to 68 in ’08. Staying about the same year over year is the numbers of new listings that have come on the market. In ’08 we’ve seen 22 come up for sale and in ’07 that number was 24.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first five months of ’07 and ’08 in the Condo market there was and was been no activity.