But once built, the new homes now sell less quickly.

Six months later a similar home in the same complex sold for $259,000.

At least five homes sold for more than $5 million.

The homes would sell for about $200,000 each, he said.

So far 25 homes have sold, including eight this year.

That is up from $808,820 for the 48 homes sold 1996.

Homes sell in the $500,000 to $550,000 range, with prices going up to $2 million.

Through June 30, 3,599 homes sold, down 15 percent from 4,246 in the same period last year.

Last year, the typical home here sold for $1.5 million - 12 times the national average.

The home eventually sold in November 2010 for $10.5 million.