For the Home Estate/PUD market in Hope Ranch Real Estatewe ended the year with exactly where we ended 08 with 20 sales. But in 09 that same 20% decline in median sales price also plagued Hope Ranch. The median sales price went from $2.875 million in 08 down to $2.335 million in 09. The pending numbers look good however with 17 opened escrows in 08 compared to 23 in 09 and the median list price for those opened escrows eased closer together with a $3 million median list price posted in 08 compared to $2.65 million in 09. As we finish 09 there are just 13 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of just below $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.