Falling real estate prices are becoming as much a feature of high-end neighborhoods as ocean views, infinity pools and four-car garages.
While the latest data suggests prices for mainstream homes may be stabilizing after several years of pain, the news for luxury homes isn't looking as good.
That's bad news for sellers, naturally, but anyone in the market for a home listed for $2 million or more will find deeply discounted asking prices—and may be able to command even lower prices.
Seeking Real Estate Bargains? Try Looking at the High End
Well, the good news in the Foothills is we have just 34 homes for sale at $2.0 & UP. The other news is that just 3 have sold in the last 3 months. And now the bad news. Doing the math, that leaves us with a 34 month supply of homes at $2.0 & UP.
So like the man says, Seeking Real Estate Bargains? Try looking at the high end.
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