The Condo market for the Hope Ranch Real Estate area of Santa Barbara real estate saw no activity.
For Home Estates in the Santa Barbara Real Estate area of Hope Ranch Real Estate overall inventory is about 30% ahead of where it was last year but all that activity has given us only 12% more properties that entered escrow with the numbers of sales falling by 33%. With the numbers of sales down by 33% the average sales price has fallen 17% and currently resides at about $2.7 million.
The PUD market for the Santa Barbara Real Estate area of Hope Ranch Real Estate there were no listings last year and just 1 this year. The good news is that 1 is now in escrow but has not closed yet.