couple more REOs down in corona – legit prices in the 200s

A couple more REOs just popped up. Both are pretty good deals if you are looking for a smaller house or condo.

The first is a small house in Parkside Green near Lincoln and River in Corona. This house last sold for $265k in 2003. Now its for sale as an REO for $251,900.
http://www.redfin.com/CA/Corona/944-Forester-Dr-92880/home/4542730

The second one here is a condo. Last sold for $312,000 in 2005. Now only $158,900. Not the greatest neighbourhood but these units were last going for this price in 2001!
http://www.redfin.com/CA/Corona/1170-Border-Ave-92882/unit-A/home/4260018
And just in case you’re thinking we’re close to the “bottom” of this housing market check this out:

http://seekingalpha.com/article/75878-how-long-until-the-housing-market-recovers?source=d_email

Reality sucks eh?

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~ by razor on May 7, 2008.

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