For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 08 we see the numbers of sales is down about 45% from 07 and the median sales price is down about 30%. The average sales price is down even further at about 32%. We may be looking at a slightly rally because the numbers of homes entering escrow is now about 37% compared to 07 which isnt great but at least its better than being 45% down. Accompanying that slight rise in activity we see that the median list price for the properties have been in escrow is down about 19% which again is bad but not as bad as the 30% decline of earlier in the year.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 08 has seen no activity.