Tuesday, April 21, 2009
Where'd they go?
Where did all those million dollar homes go? (I ask in jest). Last year if you looked up in Amberhill or Crown Ranch areas of Corona nearly everything was a million dollars or more. There were a few listed for under a million but not many. Now it's quite the opposite (as it should be). In the Amberhill/Crown area there is only ONE home listed for over a million. It's a short sale and probably has no hope, especially since the listing has zero pictures of the home.
The other 10 listings in that area are all between $700k and $900k. Still way too high in my opinion. Those homes should all be $600k max and the majority of them should be no higher than $500k. At that price they would still be twice the price what the average Corona tract home will probably be selling for in a couple of years.
It must really tear up those homeowners that thought they were living the "champagne wishes and caviar dreams" lifestyle.....in Corona...