Half Price McMansion in 92563

[golfproz]

I took a look around and found quite a few under $100sqft in South IE. Loads and loads of then between $100 sq/ft and $120 sqft. Most of then are the newer homes built in the last 3 or 4 years.

http://housing-kaboom.blogspot.com/2007/10/broken-100-sqft-barrier.html

[golfproz]

I took a look around and found quite a few under $100sqft in South IE. Loads and loads of then between $100 sq/ft and $120 sqft. Most of then are the newer homes built in the last 3 or 4 years.

http://housing-kaboom.blogspot.com/2007/10/broken-100-sqft-barrier.html

[temeculaguy]

golf, I checked the link and even threw up the second post, I’ll reiterate my frustration from a year ago, those $100 a square ft houses aren’t in what I and many locals consider Temecula, they are many miles away, not one is in either Tem or Mur’s school district. I’m not talking about the wrong neighborhood but what would be in San Diego, four cities away. To put it in perspective, I just ran the mapquest from my South Temecula house to this one in what is being listed as Murrieta, 18.3 miles (listed as a 24 minute drive) The rest on that link are farther. Santee to La jolla 20.2 miles, Escondido to carlsbad 18.9 miles, these are not the same markets, they affect each other but they are not the same and it takes a while for it ripple over because they aren’t really in competition for the same buyers so it takes a few sales in between to take affect.

Seriously, if I found $100 a square in what is really my Temecula, this post might be my last and I would switch teams, write a check and sell my screen name on ebay but it’s just not reality, i wish it was. It is however a sneek preview of six months from now and a nice indicator that pain train 2.0 is on the way. I’m not knocking the research, I love it, but even us bears have to acknowledge that location is an element of real estate. I am not an R/E snob, hell I live in temecula where 90% of the posters wouldn’t live for free, but even I won’t live where these examples are, hence the low prices.

[temeculaguy]

golf, I checked the link and even threw up the second post, I’ll reiterate my frustration from a year ago, those $100 a square ft houses aren’t in what I and many locals consider Temecula, they are many miles away, not one is in either Tem or Mur’s school district. I’m not talking about the wrong neighborhood but what would be in San Diego, four cities away. To put it in perspective, I just ran the mapquest from my South Temecula house to this one in what is being listed as Murrieta, 18.3 miles (listed as a 24 minute drive) The rest on that link are farther. Santee to La jolla 20.2 miles, Escondido to carlsbad 18.9 miles, these are not the same markets, they affect each other but they are not the same and it takes a while for it ripple over because they aren’t really in competition for the same buyers so it takes a few sales in between to take affect.

Seriously, if I found $100 a square in what is really my Temecula, this post might be my last and I would switch teams, write a check and sell my screen name on ebay but it’s just not reality, i wish it was. It is however a sneek preview of six months from now and a nice indicator that pain train 2.0 is on the way. I’m not knocking the research, I love it, but even us bears have to acknowledge that location is an element of real estate. I am not an R/E snob, hell I live in temecula where 90% of the posters wouldn’t live for free, but even I won’t live where these examples are, hence the low prices.

[golfproz]

I did not find any sub 100 sq/ft in Temecula. All those listed are north of there. I did find quite a few in Temecula that were in the low $120s a sq/ft. They’re creeping down and I don’t think it will be too long before Temecula joins the club. It’s still big homes though that are sub $100 sq/ft. I still doubt the smaller ones will drop that low.

[golfproz]

I did not find any sub 100 sq/ft in Temecula. All those listed are north of there. I did find quite a few in Temecula that were in the low $120s a sq/ft. They’re creeping down and I don’t think it will be too long before Temecula joins the club. It’s still big homes though that are sub $100 sq/ft. I still doubt the smaller ones will drop that low.

[bsrsharma]

Golf – You may not find anything listed; but what they may sell for may be much different. If you are a motivated buyer and walk in with say, a check for $250K for a 2500 sqft home, it will be one stupid bank/builder/seller to say no. In times like these, the market turns into a Bazaar and list prices mean little. During RTC days, nobody blinked when an offer 100K less than list came and the house was sold (30-50% below list; good houses were 200K – 300K then)

[bsrsharma]

Golf – You may not find anything listed; but what they may sell for may be much different. If you are a motivated buyer and walk in with say, a check for $250K for a 2500 sqft home, it will be one stupid bank/builder/seller to say no. In times like these, the market turns into a Bazaar and list prices mean little. During RTC days, nobody blinked when an offer 100K less than list came and the house was sold (30-50% below list; good houses were 200K – 300K then)

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

” did not find any sub 100 sq/ft in Temecula”

The Wildomar area (the south west side next to the forest) is actually not a bad area, especially if you commute to O.C..

There are some nice views in the hills and the weather/forest/area is more South Temecual/fallbrook like.

As long as you don’t have school age kids (schools not that great in that area just yet).

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

” did not find any sub 100 sq/ft in Temecula”

The Wildomar area (the south west side next to the forest) is actually not a bad area, especially if you commute to O.C..

There are some nice views in the hills and the weather/forest/area is more South Temecual/fallbrook like.

As long as you don’t have school age kids (schools not that great in that area just yet).

[aztecnology]

Temeculaguy –

Here’s one floating at $125/sqft – Looks like it’s behind the new Bevmo off Winchester, in Murrieta zip but I think its one of the areas that Temecula is thinking about annexing, and is already served by TVUSD…

http://inlandempire.craigslist.org/rfs/445250889.html

http://maps.google.com/maps?f=q&hl=en&geocode=&time=&date=&ttype=&q=39302+Sierra+La+Vida,+Murrieta,+CA&sll=37.0625,-95.677068&sspn=34.999041,59.238281&ie=UTF8&ll=33.543004,-117.146316&spn=0.017992,0.043001&t=h&z=15&om=1

[aztecnology]

Temeculaguy –

Here’s one floating at $125/sqft – Looks like it’s behind the new Bevmo off Winchester, in Murrieta zip but I think its one of the areas that Temecula is thinking about annexing, and is already served by TVUSD…

http://inlandempire.craigslist.org/rfs/445250889.html

http://maps.google.com/maps?f=q&hl=en&geocode=&time=&date=&ttype=&q=39302+Sierra+La+Vida,+Murrieta,+CA&sll=37.0625,-95.677068&sspn=34.999041,59.238281&ie=UTF8&ll=33.543004,-117.146316&spn=0.017992,0.043001&t=h&z=15&om=1

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