For Santa Barbara Real Estate Hope Hope Ranch Real Estate for the Home Estate/PUD market through October 9th there have been 13 sales compared to 17 last year for a decline of 23.5%. The
Median sales price has fallen about $500,000 from $2.85 million to $2.35 million for a 18% drop.
The gap this year of the median list price of about $3 million and a median sold price of $2.35 million yields a 22% difference. This compares to last year when there was a 5% gap with a $3 million median list price and a $2.85 million median sold price.
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.