by Bill McBride on 7/29/2008 08:39:00 PM
Tuesday, July 29, 2008
From Jim the Realtor (4 min 16 sec): A Countrywide REO, 3br/2ba, 1,100sf house sold for $465,000 in 2005, now being offered for $180,900. That is 39% of the 2005 price (61% off).
Vista is an improving area (in general), although this is a low end area. It's hard to believe someone paid $465,000 for this in 2005!