sdr, thanks for the anonymous leads, perhaps pick a handle so credit is given.
I only focus on this because you are so absolute about this. Look, if there are 3700 sqft REOs in the general area going for $600k, and 4300 sqft homes dropping down to the low 800k, low $400k for these homes as the current market value is not unreasonable. while these are short sales, the fact that they have to keep dropping on their asking price to me indicates where the market truly is.
everywhere around this development has seen 20-30% drops in prices over the last year. low $400k would be in-line with that drop.
