OMG Temecula approaches 1999 prices

[hipmatt]

I know the guy who bought the first home that TG listed. He is a great guy who can easily afford the home and has a great job, income, and down payment. The second listing is smoking crack.

[temeculaguy]

Good for him matt, that is actually a great little enclave and the 324k he paid is a very reasonable price. The second one I referenced dropped their price 60k to 339k two days ago, it will probably sell soon, 20% slashings are starting to work.

If you have another friend, this one was so underpriced it didn’t last a week, the link may not last long but 269k for a nice newer 4/3 2500 sq in one of the better parts of Redhawk and they even replaced the lawn (something the banks are starting to do lately). Only thing they can do is throw out a backup offer at this point, it sold before the pictures were posted.

http://www.immobel.com/personal/1_3_1/listingDetails.do?featured_int=0&c_mtype=res&searchId=0&minprice=250000&c_type=&xml=1&serverId=0&rpp=15&c_year-built=&c_garage=&la=EN&cu=USD&ssid=0&per=mrmls&c_zipcode=92592&c_city=&st=6&maxprice=300000&back1=%2Fpersonal%2F1_3_1%2FsearchResults.do&of=24841474

I’m noticing the spread widening between the repos and the FB’s, sometimes the listing prices are close to double on model matches and only the bargains are selling but they are selling quick. I’ve also noticed that a bunch of the repos I saw last month are on craigslist for rent. Houses for rent on cl in temecula are blowing up, in three days there were one hundred ads, I also saw rents being reduced over a week’s time on the same house being relisted. I think a lot of people are deciding that some of these are penciling out as rentals and are taking the plunge, it’s likely the rental market is going to get more competative and rents will decline, especially as gas prices rise. I think there will be one more leg down this summer as potential landlords are scared away by all the for rent signs that will be coming very soon.

Then Vertigo can wag his/her finger at me, for now I’ll just ponder which BBQ sauce to use on all those carcasses.

[temeculaguy]

Good for him matt, that is actually a great little enclave and the 324k he paid is a very reasonable price. The second one I referenced dropped their price 60k to 339k two days ago, it will probably sell soon, 20% slashings are starting to work.

If you have another friend, this one was so underpriced it didn’t last a week, the link may not last long but 269k for a nice newer 4/3 2500 sq in one of the better parts of Redhawk and they even replaced the lawn (something the banks are starting to do lately). Only thing they can do is throw out a backup offer at this point, it sold before the pictures were posted.

http://www.immobel.com/personal/1_3_1/listingDetails.do?featured_int=0&c_mtype=res&searchId=0&minprice=250000&c_type=&xml=1&serverId=0&rpp=15&c_year-built=&c_garage=&la=EN&cu=USD&ssid=0&per=mrmls&c_zipcode=92592&c_city=&st=6&maxprice=300000&back1=%2Fpersonal%2F1_3_1%2FsearchResults.do&of=24841474

I’m noticing the spread widening between the repos and the FB’s, sometimes the listing prices are close to double on model matches and only the bargains are selling but they are selling quick. I’ve also noticed that a bunch of the repos I saw last month are on craigslist for rent. Houses for rent on cl in temecula are blowing up, in three days there were one hundred ads, I also saw rents being reduced over a week’s time on the same house being relisted. I think a lot of people are deciding that some of these are penciling out as rentals and are taking the plunge, it’s likely the rental market is going to get more competative and rents will decline, especially as gas prices rise. I think there will be one more leg down this summer as potential landlords are scared away by all the for rent signs that will be coming very soon.

Then Vertigo can wag his/her finger at me, for now I’ll just ponder which BBQ sauce to use on all those carcasses.

[temeculaguy]

Good for him matt, that is actually a great little enclave and the 324k he paid is a very reasonable price. The second one I referenced dropped their price 60k to 339k two days ago, it will probably sell soon, 20% slashings are starting to work.

If you have another friend, this one was so underpriced it didn’t last a week, the link may not last long but 269k for a nice newer 4/3 2500 sq in one of the better parts of Redhawk and they even replaced the lawn (something the banks are starting to do lately). Only thing they can do is throw out a backup offer at this point, it sold before the pictures were posted.

http://www.immobel.com/personal/1_3_1/listingDetails.do?featured_int=0&c_mtype=res&searchId=0&minprice=250000&c_type=&xml=1&serverId=0&rpp=15&c_year-built=&c_garage=&la=EN&cu=USD&ssid=0&per=mrmls&c_zipcode=92592&c_city=&st=6&maxprice=300000&back1=%2Fpersonal%2F1_3_1%2FsearchResults.do&of=24841474

I’m noticing the spread widening between the repos and the FB’s, sometimes the listing prices are close to double on model matches and only the bargains are selling but they are selling quick. I’ve also noticed that a bunch of the repos I saw last month are on craigslist for rent. Houses for rent on cl in temecula are blowing up, in three days there were one hundred ads, I also saw rents being reduced over a week’s time on the same house being relisted. I think a lot of people are deciding that some of these are penciling out as rentals and are taking the plunge, it’s likely the rental market is going to get more competative and rents will decline, especially as gas prices rise. I think there will be one more leg down this summer as potential landlords are scared away by all the for rent signs that will be coming very soon.

Then Vertigo can wag his/her finger at me, for now I’ll just ponder which BBQ sauce to use on all those carcasses.

[temeculaguy]

Good for him matt, that is actually a great little enclave and the 324k he paid is a very reasonable price. The second one I referenced dropped their price 60k to 339k two days ago, it will probably sell soon, 20% slashings are starting to work.

If you have another friend, this one was so underpriced it didn’t last a week, the link may not last long but 269k for a nice newer 4/3 2500 sq in one of the better parts of Redhawk and they even replaced the lawn (something the banks are starting to do lately). Only thing they can do is throw out a backup offer at this point, it sold before the pictures were posted.

http://www.immobel.com/personal/1_3_1/listingDetails.do?featured_int=0&c_mtype=res&searchId=0&minprice=250000&c_type=&xml=1&serverId=0&rpp=15&c_year-built=&c_garage=&la=EN&cu=USD&ssid=0&per=mrmls&c_zipcode=92592&c_city=&st=6&maxprice=300000&back1=%2Fpersonal%2F1_3_1%2FsearchResults.do&of=24841474

I’m noticing the spread widening between the repos and the FB’s, sometimes the listing prices are close to double on model matches and only the bargains are selling but they are selling quick. I’ve also noticed that a bunch of the repos I saw last month are on craigslist for rent. Houses for rent on cl in temecula are blowing up, in three days there were one hundred ads, I also saw rents being reduced over a week’s time on the same house being relisted. I think a lot of people are deciding that some of these are penciling out as rentals and are taking the plunge, it’s likely the rental market is going to get more competative and rents will decline, especially as gas prices rise. I think there will be one more leg down this summer as potential landlords are scared away by all the for rent signs that will be coming very soon.

Then Vertigo can wag his/her finger at me, for now I’ll just ponder which BBQ sauce to use on all those carcasses.

[temeculaguy]

Good for him matt, that is actually a great little enclave and the 324k he paid is a very reasonable price. The second one I referenced dropped their price 60k to 339k two days ago, it will probably sell soon, 20% slashings are starting to work.

If you have another friend, this one was so underpriced it didn’t last a week, the link may not last long but 269k for a nice newer 4/3 2500 sq in one of the better parts of Redhawk and they even replaced the lawn (something the banks are starting to do lately). Only thing they can do is throw out a backup offer at this point, it sold before the pictures were posted.

http://www.immobel.com/personal/1_3_1/listingDetails.do?featured_int=0&c_mtype=res&searchId=0&minprice=250000&c_type=&xml=1&serverId=0&rpp=15&c_year-built=&c_garage=&la=EN&cu=USD&ssid=0&per=mrmls&c_zipcode=92592&c_city=&st=6&maxprice=300000&back1=%2Fpersonal%2F1_3_1%2FsearchResults.do&of=24841474

I’m noticing the spread widening between the repos and the FB’s, sometimes the listing prices are close to double on model matches and only the bargains are selling but they are selling quick. I’ve also noticed that a bunch of the repos I saw last month are on craigslist for rent. Houses for rent on cl in temecula are blowing up, in three days there were one hundred ads, I also saw rents being reduced over a week’s time on the same house being relisted. I think a lot of people are deciding that some of these are penciling out as rentals and are taking the plunge, it’s likely the rental market is going to get more competative and rents will decline, especially as gas prices rise. I think there will be one more leg down this summer as potential landlords are scared away by all the for rent signs that will be coming very soon.

Then Vertigo can wag his/her finger at me, for now I’ll just ponder which BBQ sauce to use on all those carcasses.

[Nor-LA-SD-guy]

temeculaguy,

If you find a few more like these (269K) I will take five, Just kidding, don’t have the finances for that but wish I did,

With prices like these I think you might start seeing Temecula becoming a retirement Mecca again.

I don’t think I would want to be an apartment building owner in the TV or anywhere close for awhile, Seems these homes would be much nicer to rent than a small two bedroom etc.. appartment

[Nor-LA-SD-guy]

temeculaguy,

If you find a few more like these (269K) I will take five, Just kidding, don’t have the finances for that but wish I did,

With prices like these I think you might start seeing Temecula becoming a retirement Mecca again.

I don’t think I would want to be an apartment building owner in the TV or anywhere close for awhile, Seems these homes would be much nicer to rent than a small two bedroom etc.. appartment

[Nor-LA-SD-guy]

temeculaguy,

If you find a few more like these (269K) I will take five, Just kidding, don’t have the finances for that but wish I did,

With prices like these I think you might start seeing Temecula becoming a retirement Mecca again.

I don’t think I would want to be an apartment building owner in the TV or anywhere close for awhile, Seems these homes would be much nicer to rent than a small two bedroom etc.. appartment

[Nor-LA-SD-guy]

temeculaguy,

If you find a few more like these (269K) I will take five, Just kidding, don’t have the finances for that but wish I did,

With prices like these I think you might start seeing Temecula becoming a retirement Mecca again.

I don’t think I would want to be an apartment building owner in the TV or anywhere close for awhile, Seems these homes would be much nicer to rent than a small two bedroom etc.. appartment

[Nor-LA-SD-guy]

temeculaguy,

If you find a few more like these (269K) I will take five, Just kidding, don’t have the finances for that but wish I did,

With prices like these I think you might start seeing Temecula becoming a retirement Mecca again.

I don’t think I would want to be an apartment building owner in the TV or anywhere close for awhile, Seems these homes would be much nicer to rent than a small two bedroom etc.. appartment

[temeculaguy]

Nor, I can find you as many as you would like, this beauty just lowered it’s price today to 289k for 2800 sq, nice litle 65k drop and almost 100k below it’s original price in 2003.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1331174

Just to prove my point about the spread increasing, same model, same street, same sq feet, 619k, well over twice the price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1429404

Only recently have I seen such disparity, there are more examples but this one is pretty distinct, 289k or 619k for the same house.

[temeculaguy]

Nor, I can find you as many as you would like, this beauty just lowered it’s price today to 289k for 2800 sq, nice litle 65k drop and almost 100k below it’s original price in 2003.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1331174

Just to prove my point about the spread increasing, same model, same street, same sq feet, 619k, well over twice the price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1429404

Only recently have I seen such disparity, there are more examples but this one is pretty distinct, 289k or 619k for the same house.

[temeculaguy]

Nor, I can find you as many as you would like, this beauty just lowered it’s price today to 289k for 2800 sq, nice litle 65k drop and almost 100k below it’s original price in 2003.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1331174

Just to prove my point about the spread increasing, same model, same street, same sq feet, 619k, well over twice the price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1429404

Only recently have I seen such disparity, there are more examples but this one is pretty distinct, 289k or 619k for the same house.

[temeculaguy]

Nor, I can find you as many as you would like, this beauty just lowered it’s price today to 289k for 2800 sq, nice litle 65k drop and almost 100k below it’s original price in 2003.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1331174

Just to prove my point about the spread increasing, same model, same street, same sq feet, 619k, well over twice the price.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1429404

Only recently have I seen such disparity, there are more examples but this one is pretty distinct, 289k or 619k for the same house.

[Author]

Posts