I found another tract that is imploding. This one is called The Boulders and it's up near Lake Mathews. Technically this tract is in Perris but it's a lot closer to the Woodcrest area of Riverside than it is to Perris. This is another horse property type tract of large homes on large lots. Most of the lots are 1/2 acre but there are a few that are an acre or more.
That is a whopping 48.3% decline.
This tract currently has 10 homes for sale under $400k. Most of them are smaller than our turkey and they are on smaller lots. So the price declines are not as impressive. Most of them sold new in the high 400s to high 500s so the price declines are running closer to 30%.