For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 4 months of ’09 for the Home Estate/PUD market we’ve seen 3 sales with a median sales price of $2.556 million and an average sales price of almost exactly the same number. Last year at this time there had been 7 sales with median sales price of $2.559 million and an average sales price of only about $160,000 higher. The difference is in the sales price to original list price ratio which last year stood at about 90% and this year has fallen to about 77%. The sales figures may be moving closer together however because so far for ’09 there have been 6 escrows opened and last year there was only 1 more. The difference comes in the median list price for those escrows. This year the median list price is $2.65 million and last year it was almost $4 million. Right now there are 24 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.495 million and an average list price of almost $5 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first four months of ’07 and ’08 in the Condo market there was and has been no activity.