Just based on the amount of homes available for sale and that will be coming onto the market in the Temecula/Murrieta area, you will see 4,000 sq ft homes selling for under $300,000.
I wouldn’t be surprised if several are sold with pools or a 100K worth of upgrades.
Please correct me if I’m wrong but I think just between Temecula and Murrieta alone there are over 4,000 re-sale homes available at this very moment, not to mention the hundreds of homes the builders have available. Based on this and the fact that more homes are coming to market everyday, once the banks decide they have held onto their repo’s long enough and are ready to take the hit, they will price them to sale all hell is going to break loose and you will pick up 4,000 sq ft homes with pool’s and granite kitchen’s for 300K.
In regards to the Temecula and surrounding area’s you haven’t seen nothing yet!!! the best is still to come.
