“My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still.”

SD Realtor, we did look hard at Poway. Our interest was in Green Valley Highlands. There was a foreclosure up there on Orchard Gate in the 8’s.

http://www.sdlookup.com/Property-5EDE58A1-13672_Orchard_Gate_Rd_Poway_CA_92064

We were hopeful that the foreclosure would bring down prices but it didn’t have much of an effect. We were hoping to buy something up there on a nicer lot for around 750-800k but a fixer. When a fixer did come up, it was priced like a showpiece and the seller didn’t want to budge. There are some other short sales in the area but overall I don’t get the feeling that there is enough distress up there yet. Maybe you can find something up there in your price range if you are patient. I don’t think you can go wrong with that ‘hood. Being up high helps with the heat and the schools are great. I think the lower elevation parts of Green Valley have better deals but I don’t think we could have handled the heat.