Severe drop on detached home in Oceanside

User Forum Topic
Submitted by unbiasedobserver on January 22, 2007 - 5:06pm

There's a house in 92057 (MLS #P556593) listed for $622,200 at 5**4 Willow Walk Rd. This very same house sold for $782,388 on 6/1/2005 according to the county records. Can someone check to see if this is a REO? This is the most severe drop I've seen on a detached house in area. I've been monitoring zip 92057 and most seller's still seem to be stuck on 2005's dream prices.

‹ From "active" to "inactive" on Zip Housing bubble bloodbath ›
Yup its a foreclosure
Submitted by sdrealtor on January 22, 2007 - 5:26pm.

Yup its a foreclosure

Bubbletracking Blog has
Submitted by no_such_reality on January 23, 2007 - 2:08pm.

Bubbletracking Blog has another one in San Marcos.

Bought 6/2005: $750,000
NOD 3/2006:
Listed 4/2006: $779,000
REO 10/2006:
Listed(REO) 1/2007: $599,999

last comp in the neighborhood was $601,000 couple weeks back... looks like $599,999 will be a pipe dream for the bank.

Wow, this downturn is
Submitted by jg on January 23, 2007 - 6:19pm.

Wow, this downturn is getting ugly fast for select folks.

I found the second picture
Submitted by FutureSDguy on January 23, 2007 - 8:56pm.

I found the second picture in that above link strangely symbolic.