For Santa Barbara Real Estate Hope Ranch Real Estatearea for the Home Estate/PUD market there have been 11 sales compared to 14 last year for a 22% decline and the median sales price has dropped about 15% down to $2.175 million.
The gap this year is 18% with a $2.65 million median list price compared to that $2.175 million sold price. But in ’08 it wasn’t much different when we had a median list price just below $3 million and a median sold price of $2.45 million giving us a 15% gap.
For Santa Barbara Real Estate’s Hope Ranch Real Estate area for the period of Jan.1 through April 15 for Condos there was no activity.