In value that is for many luxury homes have gone on the auction block for sale at ever lower prices due to the current recession. Some of the previously select homes like the rest of the housing industry have fallen in value leaving their former owners to accept the fact they might have not gotten the full potential price of the said home at sale.
More exclusive homes seldom decline in value but with the every worsening economy, all they can do is adapt of risk getting them devalued due to degradation or age. Many abandoned homes and even neighborhoods have been left unoccupied with only the most exclusive managing to get competitive prices.
Image Source : at: charlottecommunitiesonline.com