Four Seasons Realty

Escondido California Foreclosure Auction, Bank owned REO, Short Sale, Homes For Sale, Real Estate

Hello and welcome to Escondido Foreclosure Homes. During the recent down turn Escondido home prices have experienced declines due to the overwhelming number of foreclosures and the tightening of credit. The region also faces pressure due to the recent rises in unemployment. So the question to ask, Is there opportunity to buy in this market? We believe the answer is Yes, but only with the right approach. The potential silver lining and opportunity here is the following: According to Dataquick, in the month of May, 2009 there were 3,094 sales in San Diego county which represents a 8% increase in sales volume over May of 2008. The median home price for San Diego has actually increased by 15,000 over the last 3 months to 295,000. The median home prices in Escondido for that same 1 year period have fallen by 24% to a median price for Escondido of 293,000 making Escondido as affordable as it’s been in years. Many value buyers are now stepping in to take advantage of the great prices because certain price ranges are definitely starting to see stabilization. To learn more about foreclosures in Escondido, please click the yellow map above , where you can search all active foreclosure, short Sale, and REO, and auction listings along with the entire San Diego county MLS. You can also sign up for our free Property watch service which will automatically keep you updated of any new listings that fit your guidelines or any price changes! We Look Forward to Hearing From you!
0 comments • Cody Haworth Carlsbad Homes for Sale • July 13 2009 09:52PM