For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 5 months of ’09 for the Home Estate/PUD market we’ve seen 5 sales compared to 8 at this time last year. The median sales price is up about $160,000 from last year but the average sales price is down about $260,000. The fewer sales are accentuated because the inventory is up this year by 4 properties with the median list price for the new homes up by about $400,000. We may be drawing closer in the numbers of sales however because the numbers of pended properties is above the ’08 level but just by 1 but the median list price for those pended properties is about $1.5 million below the ’08 level currently standing at $2.55 million. Right now there are 22 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of $3.495 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first five months of ’07 and ’08 in the Condo market there was and was been no activity.
Posted by gandlwoods at June 8, 2009 07:56 AM