A Casablanca short sale, with a pool on the lake, in Las Colinas, sold after 293 days on the market. The reported selling price was $240,000.Now here's a good barometer of what has happened in the market...the sellers purchased this home 40 months ago for $470,000. A decline of 49%...in a little over 3 years...or 1.2% per month. In actuality, the decline was not straight-line...during 2006 the values did not decline much, but begining in early 2007 the speed of the decline increased.
