Back in 2006 6954 E Gate Ridge Pl was a brand new spec home asking $2,150,000. Now it’s closing in on 4 years old, still for sale and in that time the price has dropped 16.5% to $1,795,000.
Now, putting aside for the moment the near record fall of world economies, credit markets and the real estate market; do you think that buyers, looking at this house today, might possibly see it as worth less, maybe even more than 16.5% less, than it was 4 years ago when it was brand new.
But also, keep in mind that we have no idea what it was worth back then, because it didn’t sell.
click> Comments and lets hear from you
see thefoothillsToday.com
to find your Tucson Foothills home
