This Verona mini-development (8-10 homes?) has been marketed fairly aggressively since early this year and recently they cut asking prices by $40-50K to a bit below $1m. As KingKong pointed out, they are on tiny lots, and to make matters worse, all the lots I have seen have steep grades and low retaining walls, so effectively you end up with a narrow strip appropriate only for a small patio and a few chairs, not a real yard.
Having said that, it’s a good location — walking distance to 2-3 parks and good elementary and middle schools, even the Vons shopping center is just a 5 minute walk away. And no Mello-Roos since it’s part of an older neighborhood.
But this makes it all the more surprising that they haven’t been able to move a measly 8-10 homes over the past 6-9 months, despite the aggro marketing (5% price cuts, sign twirlers, etc) and despite it’s location in a prime ‘hot’ neighborhood.
