Can high end real estate hold on to its value?

First thing in the morning most Realtors check the Multiple Listing Service (MLS) to check for new listings, price reductions or back on market for both their buyers and as competition for their listings.  I noticed this  La Canada home (located on Beulah) was reported sold in the MLS today.



Sold 4/10/08
$2,065,000

Sold 6/9/06
$2,350,000


 

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