Marion, thanks for the heads up on the ugly carpet and run down condition of the Big Sage house. I am not interested, but the info does help make a decision on even whether to call the realtor and look at it or not.
I guess my question was more rhetorical than anything else. I keep reading over at The Housing Bubble Blog how bad it is getting every where, but then see stupid s**t like Big Sage.
I have lived in Temecula since 1996, sold a home in Meadowview in 2006, made a little bit of money. My ex and I bought the house for $235,000 in 1996. The home had been on the market for a LONG time and totally desperate sellers finally caved in. When I look at the sales in Meadowview that have happened in the past year, I can only think that there will be some foreclosures happening there soon. I love Meadowview, but a million bucks to live there?
I distinctly remember the first time we went into an open house in Meadowview, one of the ugly 1970s homes on Del Rey, and it was listed for over $200,000! What were they thinking! It is laughable now but it really seemed outrageous at the time.
I remember buying our first home in 1988 and being told by the builders that we COULD buy one of their homes, all it would take is for us to leave a deposit check and when the next phase came out, they would call us and tell us how much! We finally found one for $129,000 (1900 square feet on 1/2 acre) and sold it EIGHT years later for $135,000. Tell me real estate cannot be a depreciating asset!
I guess what I was asking was do you all think that we still have a long way to go before we see the bottom in Temecula?
BTW, does anybody know what happened to 41158 Promenade Chardonnay Hills? My agent said it was in escrow for $280,000 with multiple offers but now it seems to be back on the market for $290,000?
