Wednesday, October 10, 2007

BROKEN! The $100 sq/ft barrier

Faster than a speeding bullet the $100 per sq/ft barrier has fallen.

29008 AZARA ST, Murrieta, CA 92563 Price per sq/ft $97 and even at this price this home has been listed for over 90 days

Price $315,000

Bedrooms: 4
Full Baths: 3
Partial Baths: 0
Square Feet: 3,258
Lot Size: 9,148 Sq. Ft.
Year Built: 2005
Listing Date: 07/12/07
On Market: 90 days
Type: SFR
Status: ACTIVE
MLS #: T07137201

29159 DENTARIA WY, Murrieta, CA 92563
is the same floor plane and it's listed for the same price, Price $315,000. So it's also $97 per sq ft!

29 PONTE LOREN, Lake Elsinore, CA 92532

This one is 3093 Sq ft and is prices at $299,900! Also $97 per sq/ft

3084 BRADLEY, Perris, CA 92571

This one is 3526 sq ft and is priced at $335K, Our price leader so far at $95 sq/ft

2849 EUREKA RD San Jacinto, CA 92582 This one is in a tract of new homes where there are about 25 homes for sale. They are all asking between $93 sq/ft and $125 sq/ft. This particular home is 3704 sq/ft and the asking price is $345k putting it in the lead at $93 sq/ft

There are also gazilions of them up in the high desert if anyone cares you can search yourself for those. They are still a little hard to find down here in the IE but under $100 sq/ft was damn near unthinkable just a few months ago. How low can it go?


Anonymous said...

Geez, what happened to Temecula/Murrieta? That area used to be considered an "upitty" area of the IE. Prices there were always more expensive than up in the core IE like Riverside, Corona, Moreno Valley etc. It looks like that area is actually cheaper now.

Anonymous said...

All those listed are not really in Temecula or Murrietta, even the Murrieta houses are actually in what should be considered Menifee, they are in The Menifee school district and need to take the freeway to get to Murietta. It's still an uppity area of the I.E. but doesn't mean it won't still be hit hard, just not as hard as the areas of the houses shown.