This well priced luxury home in Ventana Canyon sold in 29days!
It was listed for $1,195,000 and sold for $1,119,000. Well priced luxury homes can sell in a reasonable amount of time and close to the original list price.
Unfortunately, luxury homes that are over-priced sit on the market for months (sometime years) and have numerous price reductions. This is not is a sellers best interest since buyers tend to perceive numerous price reductions as a sign of desperation.
Currently there are 66 homes for sale, in the Foothills, for over $1million. Over the past year, 36 home in the Foothills have sold for over $1million. That’s almost a 2 year inventory.
The head of Enron would have gotten (if hed lived) 20+ years in jail. Why didnt Alan Greenspan get life for his pivotal part in the economic meltdown?
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