For the Home Estate/PUD market in Hope Ranch Real Estate there have been 11 sales with a median sales price of $2.175 million and an average sales price of just under $2.8 million. Last year there were 16 sales with a median sales price of $2.7 million and an average sales price of about $3.2 million. Interestingly enough the numbers of escrows is up from last year by 3 currently residing at 17 but the median list price on those 17 escrows is down from $2.85 million last year to $2.65 million this year. The sales price to original list price ratio has taken a big tumble from 92% last year to 80% currently. Right now there are 23 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of about $3 million and an average list price of about $4.133 million. The average days on the market for those 23 homes are 108.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of ’08 has seen no activity.