The Masters House

OK, so in March I was amazed at how much similar houses to what I owned in the Horsethief Canyon Area in Corona, California were priced compared to where I had seen them in the beginning of 2007 (you can see my post here - A Reality Check to the Severity of the Housing Market Crash).

As a recap here is the price fluctuation up to March of 2008 for similar houses to the 1991 built, 1439sqft, 3bdrm, 2.5 bath house that I had.

• 5/2001 - bought house for $178,000
• 5/2003 - Sold house for $252,000
• 2/2007 - similar houses (same floor plan) peak at $440,000
• 3/2008 - Similar house selling for $249,000

Today I checked the same houses, same neighborhood and they are now at $199,000. Sadly if someone bought one of these houses 3 months ago it is has already lost $50,000 in equity.

Sad, very sad.

Technorati Tags: California Housing Market,Housing Market,Housing Market Crash,Mortage Bailout

This entry was posted on Tuesday, June 17th, 2008 at 4:27 pm and is filed under Misc . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.