Four years ago 7049 N Mission Hill Lane in Skyline CC was asking $5,000,000. Today $2,495,000, or less, will do the trick.
7808 N Ancient Indian Drive – in Pima Canyon – sold for $2,650,000 in March 05, as a brand new home, and was back on the market
6 months later listed for $3,899,000. Not surprisingly, no one took the bait. And today it’s still for sale, now for $2,799,000.
Imagine seeing the best years for selling a luxury home –2005, 2006 –pass you by, and end up still trying to sell, but now, in the worst luxury market in a lifetime.
Up at the very top of Swan, in the Summit, 4647 E Palais Place was $4,450,000 in 2005 and is yours today for $2,750,000.
Just one year ago a new spec home in the Canyons was priced at $5,000,000 and promised, YOU WILL FALL IN LOVE! Well no one did.
But, were you to fall for it today, it would cost you just $2,699,000. That’s at 7454 N Secret Canyon Drive.
Was $4,500,000, is now $2,595,000.
That’s at 6921 E Rock Ledge Place in Ventana CC’s Mountain Estates.
Over at 820 E Magee Road they’ve dropped from $3,495,000 to $2,575,000 in the past 18 months. That’s in Cobo Catalina Hills, with 6.2 acres.
It also took 18 months for 2087 E Desert Garden Drive to drop $800k and get to $2,499,000.
In La Paloma, 3208 E Via Palomita is down $700k from its $3.2 price in December 08.
1682 E Sahuaro Blossom Place started out at $4.2 in August 05 and, after almost 5 years and no takers, is now looking for $2.395.
7203 N Cloud Canyon Place was $3.250,000, is now $2,220,000. In the Canyons.
Going on 3 years now, 5227 N Campbell Avenue has chased the market from $2,695,000 down to $1,999,999.
2004 E Desert Garden Drive sold for $1,725,000 in November 2004, and was back on the market about 2 years later asking $2,700,000.
After 9 months they called it quits and sat it out until this January when they again listed it, but this time for $1,999,000. So maybe.
It’s been a long slog over at 6494 N Ventana Canyon Drive.
First listed in August 2007 for $2,750,000 (right as the mortgage meltdown hit, forgetaboutit, talk about bad timing) it’s still for sale, and can now be had for $1,995,000.
It’s the same story over at 2123 E Sentry Ridge Court in Pima Canyon. Listed for $2,750,000 in 07, it’s now $1,995,000. And a spec home too.
Listed just 7 months ago for $2,490,000, 4341 N Placita Camaleon in Cat 10 has already dropped $500 thou hoping to snag a buyer.
7827 N Ancient Indian takes the cake for not beating around the bush. Listed last September for $3,750,000 it’s already down to $1,900,000.
3613 E PLACITA LINDURA was listed for $2,600,000, for almost a year in 06, but went nowhere. So it left the market and didn’t reappear until this January when it came on for $1,750,000. And still no sale.
Way back in 2006, 4845 E Winged Foot Drive was asking $2,300,000. But aren’t you glad you waited because you can have it today for $1,490,000. Winged Foot is another Skyline CC-teardown-spec-home that hasn’t lived up to expectations.
A couple of years ago 5000 N Circulo Sobrio was $2,850,000. Today it’s $1,399,000. That’s in Cat 10.
Over in La Puerta, a posh little gated community off Hacienda del Sol Rd, 3451 E Calle Puerta De Acero has seen it’s ups and downs.
It sold for $970,000 in 2004, and for $1,350,000 in Jan 06. But then the music stopped.
After the 06 sale, the new owner plowed a bunch of money into it. They put in a new and very large high-end kitchen, and with all the trimmings, plus stained concrete floors throughout. And then put it back on the market in Feb 08 for $2,195,000. It’s been on and off ever since and is currently available for $1,375,000. Ouch.
5855 E Placita De La Zuerencia didn’t sell for $1,795,000 in 09. So it was relisted for $1,295,000 in 2010. And so far, still no go. It’s an Alta Vista spec home.
3 years and $825,000 in price cuts, and 5550 N Via Elena is still available. Now for $1,275,000.
In Alta Vista, 6174 E Avenida De Chaparron was $1,595,000 in September 08 and is $1,085,000 today.
And over in Skyline CC, 6500 N Saint Andrews Drive is now $930,900. That’s $1,169,100 off its 06 peak of $2.1. Saint Andrews started out as a Skyline CC-teardown-spec-home. And ended up a short sale.
These are the homes that have had some of the biggest price cuts, and yet they haven’t sold. And as we wind up the season for high-end homes here in the foothills, we’re left with 107 homes for sale priced $1,039,000 to $13,500,000 vs just 19 mil+ homes sold since Jan 1 - from $1,050,000 to $2,200,000.
What now.
See them all HERE
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