Well I have to say that the idea that the high end is immune has been completely debunked with this one. This closed under the May 2001 price. This would put it at 2000-2001 pricing. This has been my prediction for the bottom for some time. I did not expect this to happen so soon. I’m stunned. While the low to mid range is being supported by the government, the high end is falling off a cliff.
Here is a similar listing without the fancing landscaping but with more sq. footage for 1.3M. Fully approved short sale.
[quote=outtamojo]Those are some incredible homes- a whole acre of land too! Wonder how much it would cost to maintain the landscaping though…[/quote]
Seems like most of the acre is the hill, so I doubt they have to take care of that part.
