Bel Air is a prime location in Southern California where the wealthy enjoy the amenities of beautiful homes and luxury estates.  Yet not all homes in the region are selling at a brisk pace.  The market for higher priced homes is obviously thinner simply because there are fewer people able to purchase a million dollar home.  More importantly you have to have an adequate income to service the payments on the home.  The above home is facing a challenging market in Bel Air:

1333 STRADELLA RD, Bel Air – Holmby Hills, CA 90077Listed

Beds      3

Full Baths            2

Partial Baths      1

Property Type   SFR

Sq. Ft.   2,660

$/Sq. Ft.               $462

Lot Size                13,780 Sq. Ft.

Year Built            1973

A very nice property no doubt.  Yet the pricing history signifies a slower market:

I find it fascinating that homes in these very prime markets are having a tougher sell today.  It’ll be interesting to see what this 3 bedroom home in Bel Air eventually sells for.