With plenty of homes on the market to chose from, anyone that *needs* to sell their home must make it stand out from the crowd. The way some are trying to do this is with price. I'm seeing some large price reductions lately. For example, an Atascadero home just dropped their price over $400,000 (from $1.485M to $1.050M). This home was sold in October of 2004 for $1.250M.

But the large price reductions aren't just happening in the Million+ homes. A Paso Robles home just dropped from $425K to $325K.

It's hard to say why the price reductions are so drastic but the homes seem like a good value now!