From $701,000 to $459,000 to $229,000 in less than 2 years

Hi Patrick, keep up the good work in getting the info out.

As a hobby, I have been keeing track of sales prices in my brother in-laws'
tract in San Bernadino county where we have some of the largest price drops in
the greater LA area.  This was a brand new tract developed by KB Homes called
Citrus Heights that was completed in phases 2005 & 2006.  Here is a home that I
toured last weekend that was listed in a home auction site for $229,000 and
here is the Redfin listing information:

List Price: $459,000 
6032 Mount Lewis LN
Fontana, CA 92336

Beds: 3 On Redfin: 73 days 
Baths: 3 Year Built: 2006 
SQ.FT.: 3,305 Lot Size: 6,372 sf 
$/SQ.FT.: $139 MLS#: I08008011 
Status: Active 

Last Sale: $701,000 (08/03/2006) 
Listing: KELLER WILLIAMS REALTY/RIVR