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My take on falling home prices is that they have farther to go, but I don't think they will take "decades" to recover. Yes, being in cash has been the smart move for the past few months. Think that will go on forever? What happens when all the money the government has been "printing" takes hold...

The last asking price on Redfin for 25 Blue Heron was $5,495,000, and the original selling price 6/4/04 was $5,780,000. Not only was there negative appreciation, but property taxes of $71,945/year and HOA dues of around $6,000/year. Ouch! That was an expensive economics lesson! So let's say...

Well, if 95 C.Creek could only get $5,070,000, then that means most of the houses that are asking $5+ million should be selling in the low, low 4's. Like 24 Wellspring, 28 Black Falcon, 59 Boulder View for example. I wonder how many more months/years these sellers can hang on to these properties...

Sanc, I heard a rumor that the price was $5 million even for 95 Canyon Creek. But the official closing price was $5.2. Whatever it was, I agree with your assessment - the house was one of the highest quality homes I have seen in Shady and much nicer than other offerings in the 5 & 6 million...

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Does anyone know how many properties have sold in Shady in the past few months & selling price?

Actually, some asking prices have dropped into the low-$4 million range. Look at 59 Canyon Creek, now listed for $4,395,000. It's been at that price for weeks and no takers. What does that mean? Well, it means there are no buyers and therefore the mid-high $3's can't be far behind...