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Temecula REO Report

By
Real Estate Agent with Pacific Sotheby's international Realty BRE # 01511612

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.

 

Michael S. Mackey
CENTURY 21 All Islands - Mililani, HI
REALTOR ABR, CRS, GRI, RSPS

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!

May 24, 2008 06:16 AM
ARDELL DellaLoggia
Better Properties Seattle - Kirkland, WA

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.

Jul 09, 2008 10:59 AM