Opportunities in the Housing Market for Homes Over $700K

Today, our Elite 25 group met and we had some discussion on sales in the Colorado Springs marketplace for homes over $700,000.  If my ears were hearing correctly, there has been a 40% decline in homes sold over $700,000 for 2008 vs. 2007.  There are many opportunities in the upper end market, in fact a listing that one of my group members pitched today was a brand new home, bank-owned, currently listed for $725,000 with over 5,000 of custom square feet with a walkout basement in a Premier neighborhood.  There are many opportunities for buyers looking for million dollar home quality without the price tag in this market!