4411 N Camino Sumo is now, after a $104,000 cut, $1,595,000 ($351/sf). It started out in December 08 at $1,650,000, then went to $1,750,000 (yep, it didn’t sell so they raised the price) and so on.
So not much downward movement for a year+ on the market.
And the thing is, Camino Sumo last sold in December 05 for $1,303,575 –that’s at the height of the market and as a brand new house. Now it’s 5 years later and it’s 5 years older, it’s been lived in, and we continue to be bogged down in the worst economic/real estate cycle in eons, and they’re looking for almost a $300k bump.
