Wow, these homes look nice, I wish we had similar properties in the San Bernardino area. Unfortunately prices on newer homes are still way above reasonable for the area income, although I’m seeing decent declines.
The price drop on the first linked property is nearly $200k, not bad if you ask me, but whether it will drop futher, and by how much, is not easy to gauge. My gut feeling is, that there are many more like you sitting on the sidelines, ready to catch the falling knife, and if the numbers add up you may just want to catch one sooner or later.
I’m not saying I see any particular bottom in sight, but considering your situation (being forced out of your rental) it may just be in your interest to start making some offers on a few of these properties. With the Christmas/winter season upon us there will be even less buyers in the market, so your bargaining powers are at a premium right now. Come spring, you’re going to start seeing increased competition, and if you MUST be out by Februray then now sounds like a good time to get into the game.
