You asked for someone to show you a Carmel Valley SFR that is falling, I can tell you there have been a number of them. How about:
5357 Carmel Knolls Drive
Purchased on 9/30/05 for $1,375,000
Currently on sale for $1,249,000
Days on Market: 58 Days and 1 price drop later, and still waiting for a buyer!
Assuming a conservative 6% selling cost, this seller is staring at a $200,940 loss, nearly 15% in 1 1/2 years. And that’s if they get their asking price!
