Going against the trend, and further proving that the luxury housing market has bottomed is the sale of 5260 N Camino Sumo that sold last June for 890K and now just resold for $1,035,000. This over 4,700 square foot Mediterranean is sited on 1.5 of an acre. This one has panoramic views of the city and the mountains, as is usual with most Catalina Foothills luxury homes.

This one was listed by Long Realty and sold by Pinehurst Properties.