Hope Ranch Real Estate from 2000 to 2005 for the First 10 Months of Each Year

There's been a lot written and said about how thewhile the median sales price rose significantly to $2.077
numbers of Hope Ranch Real Estate sales are offmillion. The numbers of listings for that time period
when you compare them to 2004. Since it's always awere off slightly at 49 and the median list price was
good idea to stand back and get a little perspective toabout where it was in 2002 holing steady at $2.58
see where we've been I thought I'd go back to 2000million.Moving into 2004 what happened? Well in 2004
and look at each subsequent year to today.Okay, soat 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 medianyear but the sales price inched up. On the listing side
price of $1.8 million. The number of listings for the same56 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 listnumber of sales, and number of listings are pretty
price and sales price.For 2001 for the same time periodclose to what they were in the previous year, but both
sales were slightly slower with 18 properties closingthe sales and particularly the listing prices moved
escrow from 1/1 to 10/31. The median sales priceup.Now in 2005 where are we with Hope Ranch Real
dipped however down to $1.247 million. The real bigEstate? Well sales are down by only 2 from 2004 for
number in 2001 was the number of homes that camea total of 23 and the median sales price is only slightly
on the market. 57 homes came on the marketahead 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 thatlooking 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 wasremarkable example of stability. The median sales
$2.35 million a big difference.So what happened inprice 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. TheSo as far as Hope Ranch Real Estate is concerned
median sales price at that time stayed pretty close tothe figures look pretty stable to me, and I certainly don't
the 2001 level coming in at $1.3 million. The number ofsee a bubble there.Well that's for all for now. Ranch
listings was 51 year to date for 2002 with a median listReal Estate.comGary Woods is a Realtor in Santa
price of $2.59 million. That means from 2001 to 2002Barbara CA and he is the Trainer for the Santa
sales and prices were pretty flat.In Hope Ranch RealBarbara Association of Realtors.
Estate for 2003 the number of sales rose slightly to 30