High-End Homes That Won't Sell
Despite steep markdowns, these expensive homes from across the country just won't sell
Arizona: Where Developers Developed and Developed and...
Scottsdale — 28626 N. 108th Way
Original price: $2.4 million
Current listing: $1.5 million
The stucco-and-brick home boasts beautiful mountain views, but that hasn't helped the price, down 36% in the past 14 months. The house features a private pool and spa, five bedrooms, 5½ baths and four fireplaces. It's located in the Candlewood Estates subdivision, an area desirable in good times because of its proximity to Troon North Golf Community, says agent Brian Culhane. However, "in bad times, the homes seem significantly overpriced and packed too close together vs. spending just slightly more and being in Troon North itself."
Read "Home Sales Perk Up, but Expensive Houses Languish."
See pictures of Americans in their homes.
How would you rank the "High-End Homes That Won't Sell?" Re-sort this list »Latest Lists
Most Popular »
- The '00s: Goodbye (at Last) to the Decade From Hell
- The Growing Backlash Against Overparenting
- How to Get Smarter, One Breath at a Time
- Obama's 'Mistakes': Way Too Early to Judge
- In Italy, A Sex Scandal to Rival Berlusconi's
- Germany's Doubts About Afghanistan Grow After Revelations About Air Strike
- Will Dubai's Financial Problems Spread Around the Globe?
- Satyam Computer Fraud Grows to $2.5 Billion
- Black Friday
- Pie
- The Growing Backlash Against Overparenting
- The '00s: Goodbye (at Last) to the Decade From Hell
- How to Get Smarter, One Breath at a Time
- Is Gene Therapy Finally Ready for Prime Time?
- The Gospel of Glee: Is It Anti-Christian?
- Workers of the World vs. China Inc.
- Obama's 'Mistakes': Way Too Early to Judge
- In Italy, A Sex Scandal to Rival Berlusconi's
- Dearborn's Muslims Fear a Fort Hood Backlash
- Satyam Computer Fraud Grows to $2.5 Billion
RSS