For the Home Estate/PUD market in Hope Ranch Real Estate its been a tough year. So far in 08 just 16 sales have been completed with a median sales price of $2.7 and an average sales price of $3.1 million. Last year for the same time period 30 escrows had been completed with a median sales price of $3.375 and an average sales price of $4.6 million. It looks like things are going to continue in this same vein because so far only 16 Home Estate/PUDs have entered escrow in Hope Ranch with a median list price of $2.85 and an average list price of $3.7 million. This compares to 07 when there were 32 escrows with a median list price of $3.49 million and an average list price of $4.9 million. Currently there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.95 million and an average list price of a whopping $7.28 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 08 has seen no activity.