The median home price in Santa Barbara, CA, was $1 million in October, 2006. That is 9% less than the median home price of $1.1 million reported in October, 2005. This was the first decline in the median price home value in Santa Barbara since 1995. The decline reflects a trend that is being seen in many other communities around the country as well.
An innovative new approach to site development, energy efficiency, selection of materials, water conservation and construction practices – which have a lower, more ecologically-friendly impact on vital resources – is being incorporated by Pringle Development in the creation of their new community Lakes of Mount Dora.
While some markets seem to be slowing across the country, Philadelphia real estate seems to be going strong. (Philadelphia Condo Market: http://www.newcondosonline.com/philadelphia-new-condos)