Sotheby's International Realty
1436 State Street
Santa Barbara, CA 93101
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Incorporated in 1924, the Hope Ranch Park Homes Association watches over this elite residential area filled with magnificent estates. This wonderful area has an abundance of lush and gently rolling hills hosting approximately 700 homes, most of them luxurious Hope Ranch estates with gorgeous landscaped grounds.
Many of these estates sit perched on these low hills that provide expansive views of both the Santa Ynez Mountains and The Pacific Ocean. Membership in the association is automatic upon purchasing a home and brings many privileges: the private beach, a polo field, tennis courts, a soccer field, and the advantages of the Hope Ranch Riding Trails Association. The riding association has laid out over 20 miles of riding trails traversing throughout the area, including access to the private Hope Ranch beach.
You enter Hope Ranch passing through the arched gate and under the infamous sign suspended across Las Palmas Drive. Planted in the early 1900s, towering palms line the main boulevard, Las Palmas Road. Wearing jodhpurs and shiny black boots, young girls on horseback gallop along a tree-lined trail. An early morning jogger circles serene Laguna Blanca Lake. A golfing foursome takes a private stroll at the La Cumbre Country Club with its wonderful course set around beautiful Laguna Blanca. The gentle hills provide a great venue to ride bikes with numerous viewing opportunities. Most homes have either ocean views or mountain views and almost all with great settings.
Santa Barbara and its world-class shopping, dining, cultural and recreational amenities are all within a few minutes drive.
Hope Ranch Real Estate values average around $2 to $5 million. Spectacular view homes, estates and ocean front property start at around $3-4 million and can exceed this amount threefold or fivefold.
If you are interested in real estate here in Hope Ranch, Santa Barbara, Montecito and our surrounding areas, as well as any other aspects of life here, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.
Hope Ranch Real Estate & Homes For Sale
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Here and there I am still asked by potential buyers, certain clients and/or in just basic conversation about the short sale and REO/Foreclosure market in the Santa Barbara area...Santa Barbara, Goleta, Carpinteria, Montecito, Summerland, Hope Ranch. The questions all seem to have the same theme of whether we see anymore distressed sales in our area or not. The reality is is that there really is no longer per say a "market" anymore for distressed real estate in our area. As the overall real estate market... Continue Reading >
When you enter the gates of Hope Ranch here in Santa Barbara, you find yourself immediately in one of the more beautiful hidden "spots" not just in Santa Barbara...but along the California coast. For the lucky people who live there, this exclusive private community is simply a blissful place to call home. Hope Ranch is known here locally for the palm tree-lined main street (Las Palmas), the private and quiet feeling "locals" beach, numerous miles of riding trails (roughly 22 miles of meandering bridle paths)... Continue Reading >
Here below are some of the latest statistics for the real estate market here in the higher end areas of Santa Barbara...Montecito and Hope Ranch. The below graph compares the 2nd quarter results on a year over year basis for the last few years. The main comparisons are made for the: Average list price Average sold price Total amount of single family homes sold Overall the market has continued to be very strong across the board in our higher end areas. Just in the last... Continue Reading >
Real Estate in the Santa Barbara area continues to be the same strong market it has been over the last 2 years. With that said, it does feel as if we are starting to see signs that prices are stabilizing in the last several months as opposed to the continuous tick upwards we have been experiencing. As far as where the buyers are...demand really continues to be strong across the board in every price point. On the high end level, we... Continue Reading >
Here are the latest 3rd quarter real estate updates for the Hope Ranch area here in Santa Barbara. As the graph shows, the market in Hope Ranch has been slower than the rest of the Santa Barbara area. Both the average list price and sold price have been down a fair amount compared to the last 2 years. Overall sales have also dropped compared to the previous 2 years. Currently as of November 6th, 2013, there are: 29 Active Listings ranging in... Continue Reading >
Below is a detailed market comparison of Santa Barbara real estate that lays out the yearly market comparison of Sold Listings as well as New Listings. This comparison takes in all the areas from Goleta, to Santa Barbara, to Hope Ranch, to Montecito, to Summerland and Carpinteria. These numbers are then broken down further to include: Dollar volume of New and Sold Listings Median sales price of New and Sold Listings If you have any further questions about these statistics, please let me... Continue Reading >
Every year here in the Santa Barbara / Montecito / Hope Ranch / Carpinteria areas, we see some very exclusive high end real estate sales. Often some of these sales top the $20 million mark which is a lot to be said for the demand for exclusive luxury property in our area. Although we see sales above the $20 million price point, more often than not, the "high end" sales tend to be in the $10 to $20 million price... Continue Reading >