Bloodbath in Coto de Caza

[awgee_IHB]

Sometime within the last two weeks, there was a real price drop of $24,000 to $1,025,000.

And now, another drop of $25,100 to $999,900 which takes it under $300 per sq ft.

Did I mention that this property is also for lease at $4,600 per month?

26 Sawgrass

Maybe relist it?

26 Sawgrass

Off Redfin after at least 28 price changes and 8 relistings. Will it come back again soon? Or did they get it leased?

OMG. It is scary how some of them just keep coming back.

Update - After a few years of chasing the market down, 26 Sawgrass is going to the auction block November 30, 2009. The history of this property exemplifies the greed of realtors and their inability to objectively see the market for what it is.