I work with several individuals that live in the outlying areas of the county (Ramona) and the Temecula Valley. Prices have taken a real and tangible 15% decline in these locations in the 550,000. to 650,000. original price peak range from last year. This is on existing homes. And, even with the decline, there is currently almost no traffic or sales activity at the new price levels. This is identical to the process that began in 1991 in Southern California as far as first areas hit.
