Market statistics for the first half of November, 2009 show that it is still very much a buyer's market. Prices of sold homes averaged at $1,206,095 (median $859,000) compared with last month's average of $1,738,539. Additionally the average listing price was a great deal less, averaging at $1,247,471 (median $869,000). This is interesting because 55 new homes went on the market in the last two weeks that collectively averaged a $2,006,962 listing price (median $1,095,000). We can therefore assume that the newer listings in the Santa Barbara area are in a higher price range than those in previous months. Yet, looking at the median sales and listing prices we can see that there are still many homes available under $1m. Regardless of price range, there are currently 636 active listings in the greater Santa Barbara area, providing all types of buyers with a diverse selection of homes available!
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