My team and I continue to find great opportunities in all price segments here in the desert. In the luxury segment though, a large discount percentage (40% in this case) from the original sales price of a property can add up to some really big savings.
As an example, here's a property that just sold at Mountain View Country Club in La Quinta. At 4,449 square feet this is one of Mountain View Country Club's largest and most luxurious homes.
Located on the golf course with numerous upgrades, this popular Ventana plan home sold new for $2.1 million in '07. Today's buyer's received a discount of $850,000 resulting in a sale price of $1,250,000. This was a regular sales transaction that was priced to compete with bank-owned listed homes! This home is sold but check with me about others.
Desert Area MLS #21420289. Photo courtesy MJC Properties