For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first 2 months of ’10 for the Single Family Residence market there have been 2 sales with a median and average sold price of about $3.6 million and last year there were 2 sales with a median and average sales price of about $2.36 million. This year there are 14 new listings compared to last year when there were 10. But the escrows have gone up from 2 in ’09 to 4 in ’10 while the median list price for those properties fell from $2.55 million ’09 to about $1.7 million this year. Right now there are 18 Home Estate/PUDs available for purchase in Hope Ranch with a median list price of just under $5 million and an average list price of about $6.5 million.
For the Santa Barbara Real Estate area of Hope Ranch Real Estate for the first two months of ’09 in the Condo market there was no activity.