Congratulations and good luck on your new home!
Seems to me like retirees will be buying up homes in Temecula at the kinds of prices you guys are talking about and even more so if prices continue to drop. Those prices are going to be pretty competitive and Temecula seems very suitable for the relatively able bodied elderly with decent fixed incomes. Just one example..yesterday I was talking to an agent who has an elderly female client who can sell her home in Encanto which is a rough area in San Diego and will make a cash purchase of a brand new home in Temecula. My wife and I spent the long weekend in Prescott AZ.. It is mostly a retiree haven at 5,200 elevation a few hours north or Phoenix. Prices for similiar homes are also in the 400-600k range now. If this is an example of what other desirable retirement areas cost then I think Temecula can really compete.