[quote=CA renter]As buyers who are looking specifically for a ranch style home on a large lot, I can assure you that there is LOTS of demand for these homes. We can’t even get our foot in the door when one of these comes up, as there are always multiple offers and plenty of buyers who are more than willing to pay premium price (even above “peak” prices) for these homes.[/quote]
That’s crazy, CAR, can I ask you where you are looking to buy? These types of homes seem to be sitting down here unless they are a complete and utter wreck and can be bought for a song on the courthouse steps (usually by a general contractor or principal that has one chained to their ankle).
The young people STILL seem to be flocking to the newer far flung neighborhoods in Chula Vista with tiny lots, even though some streets are now a “foreclosed ghost town.” The banks are cleaning these up and selling them fairly quickly for about half their “bubble-era” purchase price.
