November 2006: $1,650,000

February 2009: $805,000

Deal: 51 percent

We've become desensitized to 50 percent declines here at Deal, but this one caught our eye because we haven't seen these kinds of losses in the upper end, and the bank ate a whopping $815,000 on this foreclosure. Those in the market for newly built, 5,500-square-foot homes along Bear Valley Parkway in south Escondido will get a chance at this property; the February sale was what the bank purchased the property for at the courthouse auction, meaning investors could have snatched it up for a penny more. It's not listed yet, but we expect it to hit the market soon. Don't be surprised if the bank asks for a little more than the auction price, which was contingent on investors paying all cash.

Got a better deal? E-mail staff writer Zach Fox at zfox@nctimes.com.

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House sells at 69 percent discount