**Flipper Alert**Flipper Alert**Flipper Alert**

452 CORNWALL, ESCONDIDO

This flipper has 2 other flippers on the same street to compete with, 412, and 423 Cornwall, respectively. Even though his house has a smaller living area, 1995 vs 2158 sq ft, he aggressively put his home on the market for $539K after only 8 months after purchasing it for $465,990. Currently, it is listed for $529K and has been on the market for 50 days.

Lets look at his competition:

412 Cornwall, 2158 sq ft, purchased for $501,989 on 12/2005, asking $499,900-$529,900, on the market for 35 days.

423 Cornwall, 2158 sq ft, purchased for $506,604 on 12/2005, asking $499,900-$529,900, on the market for 27 days.

What do you think? My inclination is that all of these flippers will be very luck to sell in the $425-450K range. IMHO, if Iwere looking to buy in this area, I would definately hold out until they reach $275-375K, hopefully by Spring 2008.