Good for him matt, that is actually a great little enclave and the 324k he paid is a very reasonable price. The second one I referenced dropped their price 60k to 339k two days ago, it will probably sell soon, 20% slashings are starting to work.
If you have another friend, this one was so underpriced it didn’t last a week, the link may not last long but 269k for a nice newer 4/3 2500 sq in one of the better parts of Redhawk and they even replaced the lawn (something the banks are starting to do lately). Only thing they can do is throw out a backup offer at this point, it sold before the pictures were posted.
I’m noticing the spread widening between the repos and the FB’s, sometimes the listing prices are close to double on model matches and only the bargains are selling but they are selling quick. I’ve also noticed that a bunch of the repos I saw last month are on craigslist for rent. Houses for rent on cl in temecula are blowing up, in three days there were one hundred ads, I also saw rents being reduced over a week’s time on the same house being relisted. I think a lot of people are deciding that some of these are penciling out as rentals and are taking the plunge, it’s likely the rental market is going to get more competative and rents will decline, especially as gas prices rise. I think there will be one more leg down this summer as potential landlords are scared away by all the for rent signs that will be coming very soon.
Then Vertigo can wag his/her finger at me, for now I’ll just ponder which BBQ sauce to use on all those carcasses.
