For Hope Ranch Real Estate the sales are down this year by 10 homes. 9 Homes have closed escrow this year compared to 19 for the same period last year. This is a decline of about 50% from ’07. But unlike Montecito where we saw a decline in the numbers of sales we also see a decline in both the average and median sales numbers. The median sales price has declined by about 25% and the average sales price has declined by about 30%. The only really good number in the bunch is the Days on the Market which has fallen to 61 days for ’08 compared to 128 for ’07.
For Condominiums in Hope Ranch Real Estate there was no activity.