Repos and Resales, mind the gap

[temeculaguy]

I have been tracking the increasing gap between occupied homes for sale and the repos. Mony sellers have pulled their listings but the ones that haven’t are almost comical in their asking prices compared to the repos. I can understand sellers not conducting an analysis of the local market but how do you not notice the exact same house two doors away or on the next street for half the price, someone needs to walk the dog more often.

Some startling examples:

House A, 800k, nice pool and some upgrades

http://www.redfin.com/stingray/do/printable-listing?listing-id=1003623

House B, 417K, the exact same house on a different street but without the interior pictures, they both are on the golf course. How bad can it be inside?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1353217

House A, 625k, expecting a 225k profit since 2003

http://www.redfin.com/stingray/do/printable-listing?listing-id=1195051

House B 375K two houses away on the same street and a model match.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1331172

[an]

wow, that’s some major disparity. I wonder this myself. How could you not know your competitor. For 300-400k, you’ d have one rocking interior.

[an]

wow, that’s some major disparity. I wonder this myself. How could you not know your competitor. For 300-400k, you’ d have one rocking interior.

[an]

wow, that’s some major disparity. I wonder this myself. How could you not know your competitor. For 300-400k, you’ d have one rocking interior.

[an]

wow, that’s some major disparity. I wonder this myself. How could you not know your competitor. For 300-400k, you’ d have one rocking interior.

[an]

wow, that’s some major disparity. I wonder this myself. How could you not know your competitor. For 300-400k, you’ d have one rocking interior.

[Ex-SD]

Denial, denial, denial. Eventually, they will either step into reality or they will go into foreclosure. Temecula has a good chance of going to $100-$110 a square foot by the time it hits where whale crap lands (on the bottom). 🙂

[Ex-SD]

Denial, denial, denial. Eventually, they will either step into reality or they will go into foreclosure. Temecula has a good chance of going to $100-$110 a square foot by the time it hits where whale crap lands (on the bottom). 🙂

[Ex-SD]

Denial, denial, denial. Eventually, they will either step into reality or they will go into foreclosure. Temecula has a good chance of going to $100-$110 a square foot by the time it hits where whale crap lands (on the bottom). 🙂

[Ex-SD]

Denial, denial, denial. Eventually, they will either step into reality or they will go into foreclosure. Temecula has a good chance of going to $100-$110 a square foot by the time it hits where whale crap lands (on the bottom). 🙂

[Ex-SD]

Denial, denial, denial. Eventually, they will either step into reality or they will go into foreclosure. Temecula has a good chance of going to $100-$110 a square foot by the time it hits where whale crap lands (on the bottom). 🙂

[djc]

I see we are looking in the same area.

I went to look at the Vineyards at Morgan Valley. Big houses, new, final phase. ~500s.

Around the corner, 2-4 year old houses, 600-800k.

[djc]

I see we are looking in the same area.

I went to look at the Vineyards at Morgan Valley. Big houses, new, final phase. ~500s.

Around the corner, 2-4 year old houses, 600-800k.

[djc]

I see we are looking in the same area.

I went to look at the Vineyards at Morgan Valley. Big houses, new, final phase. ~500s.

Around the corner, 2-4 year old houses, 600-800k.

[djc]

I see we are looking in the same area.

I went to look at the Vineyards at Morgan Valley. Big houses, new, final phase. ~500s.

Around the corner, 2-4 year old houses, 600-800k.

[Author]

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