For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first eight months of 09 there have been 11sales compared to 13 in 08. The median sales price has dropped from $2.525 million down to $2.175 million with the average going from $3.64 million down to about $2.8 million. The sales price to original list price is right at 80% so the sellers had to settle for significantly less than theyd hoped for. The pending listings are actually ahead of last year by 1 with 13 showing up as the current number and the median list price is only down slightly from $2.75 million to $2.65 million. Right now there are 26 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of about $3 million and an average list price of just over $4 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of 08 has seen no activity.