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Price Crash at Luxury Golf Communities – Wall Street Journal

This is not news to Flagstaff, where the three luxury golf course communities have been struggling during the recession. The prices noted in this video are pretty incredible. And not found among Flagstaff homes, where the worst news is that formerly multi-million dollar homes are selling in the hundreds of thousands. This is true for Continental Country Club (Flagstaff’s oldest golf community), Forest Highlands (a gated community with two golf courses just south of Flagstaff), Flagstaff Ranch (whose HOA has been in receivership and is the hardest hit in Flagstaff) and Pine Canyon (Flagstaff’s newest golf course community).

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Price Crash in Luxury Golf Communities