For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 6 months of 09 for the Home Estate/PUD market there have been 7 sales compared to 9 in 08. This gap continues to shrink with the numbers of sales getting closer together. The numbers of escrows is actually ahead of the 08 number so the sales for the current year should start to surpass those of last year. The median sales price is very close together with the current year actually of the 08 level by about $30,000 standing at the current $2,556,000. The median list price this year is way down from last year when it was almost $4 million. Right now the median list price for pending properties is $2.65 million. The inventory for this year is ahead of last years pace with the median list price for the 25 available properties standing at $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.