| There's been a lot written and said about how the | | | | while the median sales price rose significantly to $2.077 |
| numbers of Hope Ranch Real Estate sales are off | | | | million. The numbers of listings for that time period |
| when you compare them to 2004. Since it's always a | | | | were off slightly at 49 and the median list price was |
| good idea to stand back and get a little perspective to | | | | about where it was in 2002 holing steady at $2.58 |
| see where we've been I thought I'd go back to 2000 | | | | million.Moving into 2004 what happened? Well in 2004 |
| and look at each subsequent year to today.Okay, so | | | | at that time we had 25 sales with a median sales price |
| looking at Hope Ranch Real Estate for 2000 from Jan. | | | | of $2.1 million. So sales dipped slightly from the previous |
| 1 through October 31 we see 19 sales with a median | | | | year but the sales price inched up. On the listing side |
| price of $1.8 million. The number of listings for the same | | | | 56 properties came on the market and the median |
| time period was 25 with a median list price of $2.09. | | | | asking price zoomed up to $3.2 million. So once again |
| So there was roughly a 10% disparity between the list | | | | number of sales, and number of listings are pretty |
| price and sales price.For 2001 for the same time period | | | | close to what they were in the previous year, but both |
| sales were slightly slower with 18 properties closing | | | | the sales and particularly the listing prices moved |
| escrow from 1/1 to 10/31. The median sales price | | | | up.Now in 2005 where are we with Hope Ranch Real |
| dipped however down to $1.247 million. The real big | | | | Estate? Well sales are down by only 2 from 2004 for |
| number in 2001 was the number of homes that came | | | | a total of 23 and the median sales price is only slightly |
| on the market. 57 homes came on the market | | | | ahead at $2.18. The numbers of listings are off to 41 |
| meaning twice at many houses as the previous year. | | | | but the median list price is up to a whopping $4.49.So |
| When there's more of something the price falls so that | | | | looking back from 2000 to 2005 we had 19, 18, 23, 30 |
| would account for the $1.2 million median sales price. | | | | and 25 sales respectively. This is really a pretty |
| But the original list prices for those 57 properties was | | | | remarkable example of stability. The median sales |
| $2.35 million a big difference.So what happened in | | | | price from 2000 to 2005 went, $1.8, $1.24, $1.3, $2.07 to |
| 2002 as far as sales were concerned? From 1/1 to 10 | | | | $2.18 with the big jump coming between '03 and '04. |
| 31 there were 23 houses that closed escrow. The | | | | So as far as Hope Ranch Real Estate is concerned |
| median sales price at that time stayed pretty close to | | | | the figures look pretty stable to me, and I certainly don't |
| the 2001 level coming in at $1.3 million. The number of | | | | see a bubble there.Well that's for all for now. Ranch |
| listings was 51 year to date for 2002 with a median list | | | | Real Estate.comGary Woods is a Realtor in Santa |
| price of $2.59 million. That means from 2001 to 2002 | | | | Barbara CA and he is the Trainer for the Santa |
| sales and prices were pretty flat.In Hope Ranch Real | | | | Barbara Association of Realtors. |
| Estate for 2003 the number of sales rose slightly to 30 | | | | |