Marines Find Murrieta Foreclosures Bargains
Category: Real Estate Trends
Published: Tuesday, March 17, 2009
Local military personnel are finding added benefits in buying Murrieta foreclosures and Temecula bank homes. These once pricy houses in quality neighborhoods are now within reach of even the most entry-level Marine and local service personnel are finding their housing allowance dollars are stretching further in the foreclosure rich Temecula Valley.
It can be a difficult decision to purchase a home close to base. After all, Camp Pendleton is located in one of the most desirable housing markets in the country, meaning prices have historically been high and unattainable for typical working class Marines. In addition, if other military families aren't close by, worries about deployment and leaving the family isolated can influence home buying decisions.
However things are changing for local military families and many Marines are finding homeowner bargains among large Temecula foreclosures, Murrieta bank homes and even Menifee and French Valley foreclosures. According to market analyst Zillow.com, prices have fallen 30.3% from a year ago and the median home price in Murrieta is currently $262,000. Prices on high quality Murrieta foreclosures can be found closer to $200,000, with many Murrieta bank owned homes listed in the high $100,000s. This puts Murrieta foreclosures well within price range for most Camp Pendleton families. Another plus to buying Murrieta REO properties or bank homes? The largest percentage of single family homes in Murrieta are well over 2500 square feet, meaning there are plenty of bedrooms for growing families and large living areas for entertaining close knit military units.
Temecula Foreclosures also Popular with Camp Pendleton Buyers
Many Marine Corps personnel are finding foreclosure bargains among the family oriented neighborhoods of Temecula and French Valley. The close proximity to the base means homeowners can spend less time commuting and more time enjoying their homes. The typical commute from the Temecula Valley to the rear entrance of Camp Pendleton outside of Fallbrook is less than 30 minutes. When every minute spent with the family is precious, buyers of Temecula REO properties can benefit from short commute times and more time at home with loved ones.
Whether you are a motivated military buyer or simply someone who knows foreclosure bargains when you see them, contact the foreclosure specialists at Oak Tree Realty Group Murrieta today at 1-877-226-4800 for information on how you can purchase a Riverside County foreclosure before it's too late!
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