Temecula Bank Owned Homes

Temecula Bank Owned Homes- As a Temecula Real Estate Broker, the most common calls I get are from investors wanting information about Temecula Bank Owned Homes.   Banks are not accepting low offers on Temecula Bank Owned homes, simply because they don't have to.  There are many buyers who are making offers on Temecula bank owned homes, in fact, many have multiple offers and are being sold at market value.   If a home has a lot of deferred maintenance then the chances of buying a Temecula bank owned home at a discount are much greater.

Here's the current picture of how many Temecula Bank Owned homes are currently listed, what they are selling for and how many days the sold ones have taken to sell. 

Temecula Bank Owned Homes -There are currently 67 Temecula Bank Owned Homes for Sale and the median asking price or list price for a Temecula Bank Owned Home is $320,000.

Recently Sold Temecula bank owned homes compared to the list price of Temecula Bank Owned Homes are shown below.  This chart shows the average sold price in Orange and the Average asking price or list price in blue.  Buyers are paying the list price in most months except for the Month of April, which means that there were a few listings that may have been overpriced.