Severe drop on detached home in Oceanside

[unbiasedobserver]

There’s a house in 92057 (MLS #P556593) listed for $622,200 at 5**4 Willow Walk Rd. This very same house sold for $782,388 on 6/1/2005 according to the county records. Can someone check to see if this is a REO? This is the most severe drop I’ve seen on a detached house in area. I’ve been monitoring zip 92057 and most seller’s still seem to be stuck on 2005’s dream prices.

[sdrealtor]

Yup its a foreclosure

[no_such_reality]

Bubbletracking Blog has another one in San Marcos.

Bought 6/2005: $750,000
NOD 3/2006:
Listed 4/2006: $779,000
REO 10/2006:
Listed(REO) 1/2007: $599,999

last comp in the neighborhood was $601,000 couple weeks back… looks like $599,999 will be a pipe dream for the bank.

[Anonymous]

Wow, this downturn is getting ugly fast for select folks.

[FutureSDguy]

I found the second picture in that above link strangely symbolic.

[Author]

Posts