If you have followed my column for a while now, you would know that I represent a fair amount of luxury properties and their sellers. I hear a lot of rumors about the luxury market and given the economy, most of the information I hear is negative. Being both a journalist and a realtor, I decided that it was time to do the right thing and investigate the issue for myself.
Home Values peaked in last 2007 in Greenwood Village, Colorado and since then have been dropping. Despite the numbers this is still a very desirable neighborhood to live in and one that people want. Market data shows that values are down about 10% from this time last year.