The housing bubble popped painfully in many popular second-home areas - including Borrego Springs. Median values fell 10% to 20% in the past year alone and are expected to bottom in the next 12 months.
According to Money Magazine, April 17, 2009 Borrego Springs, CA ranks #3 as one of the best places in the US to buy an affordable vacation home.
Borrego Springs, Calif.
Median home: $236,000
What it's like: This desert community near San Diego sits in the middle of 600,000-acre Anza-Borrego State Park, with hundreds of miles of trails for hiking, biking, and horseback riding.
Check out: The De Anza Country Club and the gated Montesoro development, which have the most deluxe homes.