When it comes to falling real estate prices, California has suffered as much as any area in the United States. News agencies report a drop in home prices of up to 40% in some markets. Let's consider La Jolla, California, a wonderful location for anyone in the San Diego market. La Jolla is one of the most desirable areas around San Diego so obviously there is interest in that market. Here is a mansion that overlooks the beach that is listed for a whopping $33,000,000 in La Jolla Shores.
