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A few properties in Temecula/Murrieta selling for >50% off peak: http://www.redfin.com/CA/Murrieta/28296-Ware-St-92563/home/6625135 – 57% off peak http://www.redfin.com/CA/Murrieta/31901-Blanca-Ct-92563/home/8159708 – 58% off peak http://www.redfin.com/CA/Murrieta/35642-Abelia-St-92562/home/6417093 – 75% off peak http://www.redfin.com/CA/Temecula/29691-Windwood-Cir-92591/home/6188396 – 61% off peak
There are many more just like these properties.