California's most expensive real estate market.

Affordability in markets such as ours here in California certainly presents a challenge for buyers and us as agents.  Recent statistics provided by the California Association of REALTORS®  bear this out. 

In the C.A.R. survey, the median home price in California during January 2006 was $551,300.  The median is the point at which half of the homes sold for more than a specific amount and the remaining half sold for less than the amount. 

The highest median home price in the C.A.R. survey during that same period was in Santa Barbara County's South Coast where the median priced home was $1,120,000.  The lowest median home price in the survey was in the High Desert where homes sold for $321,500.