- This topic has 12 replies, 4 voices, and was last updated 17 years, 6 months ago by
no_such_reality.
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July 10, 2007 at 8:26 PM #9486July 10, 2007 at 9:32 PM #65109
no_such_reality
ParticipantI would suspect 1055 Trailview next door is bank owned.
Current price $599,900.
Sales history:
06/04/2007 $621,442
07/28/2006 $728,000
07/31/2003 $408,000And I’m not sure what Corporate Owned means, but I’m guessing lender repo. Looks like the other neighbor across the street at 1020 Trailview is also down $150,000 from peak.
Current Price $559,900
Sales history:
02/15/2007 $569,900
11/30/2005 $715,000
07/24/2003 $385,000
01/31/2001 $263,500Or around the corner. 1099 Mountain Grove Lender Owned in the MLS. Another $200,000 loss from peak.
Current price $499,900.
Sales History
04/13/2007 $583,891
06/09/2006 $680,000
08/03/2001 $263,000Not bad for one street and neighborhood in Corona, 4 bank Repos, four $200,000 losses from peak.
Call me when those 2001 price start showing up, with that many Repos, the neighborhood is toast.
It’s good to see, but I can also point to a bank being stupid and doing just the opposite. Earlier today I cruised through the bank REO list. They appear to be putting Repos back on the market at the price they paid plus 15-25% in Orange County. A spot check of Huntington Beach, Coto de Caza, Irvine, showed several this way.
July 10, 2007 at 9:32 PM #65170ParticipantI would suspect 1055 Trailview next door is bank owned.
Current price $599,900.
Sales history:
06/04/2007 $621,442
07/28/2006 $728,000
07/31/2003 $408,000And I’m not sure what Corporate Owned means, but I’m guessing lender repo. Looks like the other neighbor across the street at 1020 Trailview is also down $150,000 from peak.
Current Price $559,900
Sales history:
02/15/2007 $569,900
11/30/2005 $715,000
07/24/2003 $385,000
01/31/2001 $263,500Or around the corner. 1099 Mountain Grove Lender Owned in the MLS. Another $200,000 loss from peak.
Current price $499,900.
Sales History
04/13/2007 $583,891
06/09/2006 $680,000
08/03/2001 $263,000Not bad for one street and neighborhood in Corona, 4 bank Repos, four $200,000 losses from peak.
Call me when those 2001 price start showing up, with that many Repos, the neighborhood is toast.
It’s good to see, but I can also point to a bank being stupid and doing just the opposite. Earlier today I cruised through the bank REO list. They appear to be putting Repos back on the market at the price they paid plus 15-25% in Orange County. A spot check of Huntington Beach, Coto de Caza, Irvine, showed several this way.
July 10, 2007 at 10:51 PM #65121SD Realtor
ParticipantNSR yes corporate owned does now imply REO…
SD Realtor
July 10, 2007 at 10:51 PM #65182ParticipantNSR yes corporate owned does now imply REO…
SD Realtor
July 11, 2007 at 6:35 AM #65153jan777
ParticipantI suspect that Corona is not far behind the Temecula area for bank owned homes. The brown lawn syndrome is popping up all over Corona. I have spoken to a couple realtors and the homes are just not selling especially the bank owned homes. I have been seeing more homes that are dropping their prices to pre-2006 levels.
Stay tuned . . .
July 11, 2007 at 6:35 AM #65214ParticipantI suspect that Corona is not far behind the Temecula area for bank owned homes. The brown lawn syndrome is popping up all over Corona. I have spoken to a couple realtors and the homes are just not selling especially the bank owned homes. I have been seeing more homes that are dropping their prices to pre-2006 levels.
Stay tuned . . .
July 11, 2007 at 7:34 AM #65167ParticipantAsk yourself question, if you were looking for a place to live, what would it take for you to buy a home on a block with 3 other foreclosures that the banks are trying to dump withing walking distance, literally only two or three houses away?
Does the price ever get attactive enough before it gets to par with rent to make you want to jump?
July 11, 2007 at 7:34 AM #65229ParticipantAsk yourself question, if you were looking for a place to live, what would it take for you to buy a home on a block with 3 other foreclosures that the banks are trying to dump withing walking distance, literally only two or three houses away?
Does the price ever get attactive enough before it gets to par with rent to make you want to jump?
July 12, 2007 at 11:02 AM #65438ibjames
Participantdo you guys think we could get to 1999 prices? I was in Temecula and for grins stopped at different builders, and they were slashing prices like crazy.
Temecula is already seeing changes, but I don’t see anything like that in SD, do you guys think SD will see the same? 1999 prices in SD? Yes please
July 12, 2007 at 11:02 AM #65501Participantdo you guys think we could get to 1999 prices? I was in Temecula and for grins stopped at different builders, and they were slashing prices like crazy.
Temecula is already seeing changes, but I don’t see anything like that in SD, do you guys think SD will see the same? 1999 prices in SD? Yes please
July 12, 2007 at 11:31 AM #65453ParticipantInflation adjusted? Possibly. 1999 was already a couple years off of the prior cycles bottom.
In general, the bigger the binge, the worse the hangover.
July 12, 2007 at 11:31 AM #65515ParticipantInflation adjusted? Possibly. 1999 was already a couple years off of the prior cycles bottom.
In general, the bigger the binge, the worse the hangover.
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