For the Home Estate/PUD market in Hope Ranch Real Estate there have been only 14 sales this year compared to 17 last year with the median sales price falling from $2.85 million last year to $2.62 million this year. The average sales price due to a couple of large sales is closer together with the ’08 number of $2.85 million and the ’09 number of $3.57 million. There have been 17 opened escrows this year with a median list price of $2.65 million and last year there were 15 opened escrows with a median list price of just under $3 million. Right now there are 23 Home Estate/PUDs available for purchase with a median list price of $3.42 million and an average list price of about $4.12 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first seven months of ’08 has seen no activity.