Murrieta, Calif.
Detroit, Michigan
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Current price: $310,000
Peak sale price: $659,000 (Feb. 2007)
Beds/baths: 6/4.5
Square feet: 4,065

Located in a suburb 80 miles southeast of Los Angeles, this 4,000-square-foot home has lost more than half of its value since it was last purchased in February 2007.

But big houses like this may not stay this cheap for long. Demand for big homes is picking up in the area and there isn't a lot of supply, said agent Richard Knapp

"There are 30 buyers for every house," he said.

This home is nicely appointed with plantation shutters, a fireplace and an open floor plan. It has a three-car garage and even has parking for an RV. Knapp said there's shopping, medical facilities and parks close by.

For further information: Trulia


By Les Christie @CNNMoney - Last updated July 11 2012: 3:55 PM ET
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