For Santa Barbara Real Hope Ranch Real Estate area there has been only 1 sale for $2.175 million compared to last year when there were 2 sales with a median sales price of $2,080,000. Roughly 2 million seems to be about where we’ve been for the past half year out in Hope Ranch. Hopefully the numbers of units sold will pick up.
Looking at the gap report for Hope Ranch this year it stands at almost 38%. The median list price for the area is about $3.5 million and the one sale came in at $2.175 million. Last year the gap was about 20% with a median list price of about $2.6 million and a median sales price of $2,080,000.
For Santa Barbara Real Estate’s Hope Ranch Real Estate area for the period of Jan.1 through April 15 for Condos there was no activity.