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