Comments on: Beach House Anyone? Major Price Cuts and Slow Sales Along Santa Barbara’s Premier Oceanfront

By: Kevin

Kevin — Mon, 25 May 2009 09:35:57 +0000

Gene

Thanks for the comments….I am sure everyone is seeing a shift here somewhat. The one you brought up is pretty drastic. Take care

By: Gene Urban

Gene Urban — Fri, 22 May 2009 16:38:17 +0000

Nice article. I’m a Realtor in the Scottsdale/Phoenix market and have a summer home on the Mesa.

We’re seeing a similar shift in luxury housing here as well. Much of ours is coming from the large number of foreclosures that effect every aspect of our market. I would guess that is not the case in S.B.

One almost scary example was a 5000 sq.ft. home in Scottsdale that sold for 4.5 million in 2006 just sold as a bank owned property for $1.55 million. Pretty amazing.

Thanks for the great site, glad I found it and will be back often.

By: Jeff

Jeff — Thu, 21 May 2009 17:02:06 +0000

Thanks for the post. It’s interesting to see the trends across the country. I like how you broke it down with the time frame.