I guess 4S is not the only pseudo “high end” seeing some cracks. This one is in our famous Carmel Valley. Linky. This one is 3,384 sf, Santa Rosa development, built in 2006 and was bought for $1,299,868 on 04/21/2006. It is now bank owned and bank is asking $955k. That’s a cut of 345k or 27% off 2006 price. Not too shabby I’d say.