Not all markets are hurting. Coto de Caza has seen some tough times in the under $1.5 million price range but the higher price points seem to be hanging in there.
Ken Bowen with Remax recently sold this home in Coto de Caza for $19,500,000 - $4.5 million over the last highest sale ever recorded in Coto.
I actually showed this home well over a year ago to a client. It is a stunning property, but WOW. On the market for 582 days. Worth the wait I'd say. Congrats to Ken.

ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved