There were 33 sales over $2,000,000 between 2003 and 2010 in Fairbanks Highlands, a gate/guarded community on the east end of Carmel Valley’s 92130.  But with 10+ listings not selling over the last half of 2010, we thought that prices of these would keep sliding, hopefully all the way to $1,500,000. 

But then on December 20th, a listing finally went pending – after 167 days on the market. 

Here’s what has happened since:

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