Why is the iPhone 5 on craigslist for $300-400?

So many ads for $300-400… Could they be fake or what?
i bought my iphone 4 off craigslist when my old iphone got lost, i bought it for $160. But iphone 5 for $300 thats a bit cheap.

The odds are that the phones in question are either stolen or otherwise are blacklisted (such as the account the phone is attached to being shut off for nonpayment.

I would be cautious, no one is selling it that cheap unless its damaged or stolen. Better off just getting new on a 2 year contract.

That about the right price, the new iphone 5C and 5S will be released in 34 days
so ppl are trying to sell the old iphone 5 as soon as possible
seen some for $250.

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