Lexington – one of the trophy neighborhoods in Carmel Valley. This is an example of 5BR/5.5BA 4700 sq ft home with a pool on a canyon view lot.
581X Brittany Forest
12/03 $1.31M (actually went into escrow in October BEFORE the big jump in early 2004)
In 2004/2005 it could have sold for $1.5M +. Hell homes a few doors down that were 1000 sq ft smaller w/ less BR’s/BA’s and w/o pools were selling at $1.4M+.
This beauty just closed for $1.33M. ESSENTIALLY the same price it sold for in Fall of 2003.
Need more proof? Post a ZIP code…any ZIP code and I’ll provide a similar example but be forewarned. It could be even uglier.
