Here is one at $329/sqft in Lake Forest, undercutting the competition:

MLS: S479885

3bd/3ba 1500sqft for $495k. Sure seller will neg. some, perhaps for $475 🙂 mid 2004 sale price was $400,000 so we’re almost there 😉

There is such a wide variation in this neighborhood, some similar properties are listed as high as $650k!!! This proves that not all sellers have realized that this downturn is here to stay.