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    High-End Homes for Sale In Three U.S. Locales

    Posted by Darius at 10:26 am on Saturday, April 5th, 2008

    Home prices continue to decline to record lows, according to the Case/Shiller Home Price Index, but the number of units selling is rising, says the National Association of Realtors.

    Here are three high-end homes for sale.

    Place/Price: Northville, Mich. / $1.7 million

    Taxes: $18,000

    Property: 4 bedrooms, 5 ½ baths, 7,000 square feet

    Description: The brick home has a first-floor master suite with a bay window, window seat, walk-in closet and a two-person shower. The lower-level has a built-in bar and home theater and 2,000-bottle-capacity wine cellar.

    Notable: Prices in the Detroit area dropped 15.1% from a year prior and are down 3% from January to February. Tampa had a similar decline of 15% from a year ago and 2.7% from January to February.

    Place/Price: Scottsdale, Ariz. / $1.85 million

    Taxes: $7,000

    Property: 5 bedrooms, 4 ½ baths, 4,922 square feet

    Description: This three-car garage home has exposed adobe brick walls and there are three fireplaces. The master suite has a beverage refrigerator and a coffee bar. There is a heated pool and spa, and a covered patio.

    Notable: The Index shows that 10 of the tracked markets posted double-digit price declines. The Phoenix area, with an 18.2% decline came in second behind Miami and Las Vegas, which tied for first with a 19.3% decline.

    Place/Price: Los Angeles, Calif. / $4.3 million

    Taxes: $53,687

    Property: 4 bedrooms, 5 ½ baths in, 5,000 square feet

    Description: This home with an open floor plan has a formal living room. There is a gym and a media room. There is a wall of glass, a swimming pool and a guest house that can be used as an office.

    Notable: Los Angeles had a 16.5% price decline, which is comparable to San Diego’s 16.7% decline. Charlotte is the only tracked metro area that did not show a decline. Prices there increased a modest 1.8%.

    Note: The property taxes are estimates. Sources: standardandpoors.com, realtor.org, tuscanyreserve.net, fhpbuilders.com, architectural-estates.com


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    1 Comment for the post:
    High-End Homes for Sale In Three U.S. Locales

    1
    Lola LB said,
    April 10, 2008 at 10:39 pm

    Yeah!! (Wrings hands)! Nice blog you have here. I’ve enjoyed much reading your last posts. Keep it that way.

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