It expired on 02/28/09 at that same price of $165k according to FMLS. Maybe they will relist in a few days. There are no more current listings in that community and the only recent sales were foreclosures. Yes, that area has struggled as you said.
Please let me know if I can assist you with anything more.
Buyer's Agent/Associate Broker
If you want to persue it drop me an email and I'm happy to pull desktop data for you -