Home : Blogs : Scott Barr Realtor soldbybarr.com : Scott's Blog

Temecula REO Report

Sales are still going strong as we close out another week. And why not. With prices in southern California close to prices in the rest of the country, investors are having their day. We are continuing to see multiple offers on bank owned properties. And a friend from the banking side has said that there are 6,500 more properties coming to market. It will be a little while before we sell through this inventory. I think folks from the Mid-west are going to see this as an opportunity to own in California and help with selling through this supply of homes. Soooo if you know someone who wants to invest in "Califronia gold" call 909-261-2497. I'm never too busy for your referrals.

Posted by Scott Barr Realtor soldbybarr.com on 05/23/2008 11:47 PM

Comments (2)

reo, temecula, southern california

This post has been included in California Information
Post is included in group: Keller Williams 'Rainers
Post is included in group: Posts to Localism

2 Comments on Temecula REO Report

Scott, it's exciting to see that properties are selling faster. I see investors are getting off the fence now that they see true bargains on the market. It will take time to absorb all of the distressed properties, but fundamentally it looks like the next stage of the market is at hand. Best Wishes!

05/24/2008 01:16 PM

by Michael Mackey (R) ABR, CRS, GRI (CENTURY 21 All Islands)

I've heard good things about Temecula. If you post any photos of property let me know. I have a friend who owns a restaurant in San Pedro who bought a home there awhile back. What does a standard Temecula house cost and look like? Can you do a post on that and send me a link?

Thanks.

07/09/2008 05:59 PM

by ARDELL DellaLoggia (Coldwell Banker Bain)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?