I’m surprised this community hasn’t fallen as hard as I thought it would as well.

sdrealtor is right about the less-than-prime location of these homes. sdrealtor, care to give us an update on the foreclosed homes?

604 Via del Caballo
554 Via del Caballo
521 Via del Caballo
477 Camino Verde

and here’s something interesting… the new homes Fieldstone Homes are trying to unload north of Mission (I know, different part of town… but also less-than-prime location) are now selling for these prices:

839 VIA LA VENTA 3367 sqft for 598000
831 Via La Venta 3516 sqft for 632000
824 Via La Venta 3367 sqft for 633300

$/sqft for these homes have dropped to $187/sqft!!!

now why would anyone buy these 2100 sqft Via del Caballo homes at $550,000, or $262/sqft?