For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 2 months of ’09 for the Single Family Residence market there have been 2 sales with a median sold price of $2,365,500 compared to last year when there were 4 sales with a median sales price of $3.46 million. There have also been half the numbers of escrows opened this year compared to last but interestingly enough at least at this point the median list price for those escrows is up from $1.895 million last year to $2.55 million this year. There have been more properties come on the market however with 9 this year with a median list price of $3.85 million compared to 7 last year with a median list price of $2.595 million. Currently there are 21 Homes available for purchase in Hope Ranch with a median list price of $4.85 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first two months of ’09 in the Condo market there was no activity.