Updating Million Dollar Markdowns


Greetings, Boston.com readers,

The Real Estate Cafe is in the process of updating our database of “Million Dollar Markdowns” featured in the Boston Globe story, Luxury for Less, and will release more information soon.  In the meantime, we invite you to (1) read the Wall Street Journal’s article, Foreclosures Hit Rich & Famous, (2) review our previous blog posts about luxury properties with price reductions of at least one million dollars, and (3) send us an email if you’d like a private walking or driving tour of Million Dollar Markdowns:

If you’re a homebuyer and would like to learn how to use “proactive house hunting strategies” to identify home buying opportunities in the “shadow inventory” (see final paragraph of Luxury for Less), send an email to The Real Estate Cafe to schedule an informal conversation.
Posted in Bubble map, Defensive Homebuying, Luxury homes, Luxury housing, M$M, Market trends, Million Dollar Markdowns, Price reductions, Price trends, Real Estate Bubble, Savings & Rebates, Sweetest Deals

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