On July 13th 4334 N Sunset Cliff Drive, a 2,904 square foot two-story Monterey-built home, closed escrow. The final sales price was $380,000. What a tremendous deal for the buyer. This home was model-perfect with such upgrades as cherry cabinets, ceramic floors, bay windows and more.
There is no doubt in mind that the bottom has been reached in Sabino Mountain in the non-custom homes.
Most of the Sabino Mountain present inventory is over-priced, and that is why these homes do not sell. However, there are a few for sale that are priced well. As mentioned before, Boulder Canyon has a gorgeous home priced a little over a million and there are 2 homes on Black Rock Drive that are all priced well. Another Pepper-Viner Home is priced very aggressively, but needs work. The other Sellers should reduce their prices or put their homes up for rent, or just take them off the market until the market improves.