The TRS built semi-custom home on 4516 N Black Rock Drive that originally listed for 899K in September is now reduced 100K total to 799K (listed by Keller Williams of Southern AZ). At this price this home should move. It has dramatic city and Santa Catalina views; is 15 years old and sited on 1.5 acres with over 3,700 square feet.
The high-end has been just as challenged this year as last year for sales. Although the non-custom homes have seen a little appreciation in the last year, the luxury homes are not appreciating yet, although the prices have bottomed. The number of luxury buyers looking for homes in the Catalina Foothills this winter has been very disappointing.