Half of Rancho Santa Margarita Homes Sold For A Loss in February

About eight in 10 homes have depreciated in value, according to a website.

Posted Mon, Apr 16, 2012 at 6:48 pm PT

The economy is tough, and the housing market continued to take it on the chin in Rancho Santa Margarita.

According to the website Zillow.com, half of the homes in RSM that sold in February did so at a loss to the owner.

Additionally, about 80 percent of the homes have depreciated in value.

The RSM market is struggling more than the county average, according to the online real estate tracker.

To see a more full analysis of the numbers, click here.

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