They said "it couldn't happen here". We are different!
Well, it just did. Morgan hill at $106 s/f!
44817 Tudal St Temecula, is a huge 4034 sq/ft monster with 4 bedrooms/3.5 baths. This home was a former model home and sold in mid-05 for $896k. It recently became REO'd and they have listed it for $430K. That's $106 sq/ft and 53% drop from the last purchase price. A staggering loss of $466k!