Welcome to our first installment of a series on the cheapest homes in America’s most expensive real estate markets. 
Santa Barbara, CA, is currently the most expensive market on realtor.com®. In this stately city along California’s central coast, buyers are looking at an average cost of $626 per square foot, and an average home price of $1.5 million.Yes, those are averages.
In this dreamy city, the privilege of dropping $1.5 million gives you access to only a modest ranch. Of course, if you decide to splurge, the region is also home to one of the most expensive listings in the country: a $125 million compound on 237 acres.

via Real Estate News and Advice – realtor.com » News http://ift.tt/209GLDf