For the folks who want to get in at the ground floor in Carlsbad, the street named Sierra Morena has been the place to look. 

This house was purchased by the previous owner for $565,000 in December, 2004, and there were a handful of others that went for as much as $585,000 at the peak.  They are cheaper because those on the other side of the street back to power lines, and have some evidence of cracked slabs.

This already went pending, listed for $327,750, but there will be others!

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, which began in September, 2005. Stick around!

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