Year 2002, San Macros, a 3334 sqfts new SFR costs $550,000
Year 2001, Mira Mesa, a 2200 sqfts new SFR costs $332,000
Year 2000, Mira Mesa, a 1999 sqfts 5 years old SFR costs $245,000
Temecula? 5 years ago, not a sane San Diegan would consider living that far.
Now, do you think the real estate market at Temecula is at the bottom yet? I don’t think so. 50% drop (inflation adjusted) is a high possibility.
