The winter housing market has been quite disappointing. What that means for those listing their homes is only list if you are very serious about selling because your List Price will have to be fairly aggressive to attract buyers. What houses should sell–the Quail Canyon Home listed for 730K and the Sabino Mountain Drive home listed for 830K should sell. Boulder Canyon has a home under contract that had an aggressive List Price of 795K (after a price drop) and then it found a buyer quickly.
This winter sales appear to be much slower than last winter and unless the pace of winter sales picks up soon, homes will continue to depreciate in value after we had seen price stabilization last year. It is disappointing, but better to know the truth and act accordingly than to find yourself very frustrated.