I would agree that prices ought to come down, but the avaron homes are selling. I made a lowball offer on an existing home and was outbid. The builder’s agent insists that the home is in escrow for substantially more than my offer. We’ll see when it closes shortly.

There’s still one existing home left that I like. Trying to decide whether to offer a little more. Been to see it about half dozen times and even heard others making an offer.

I’ve looked at a lot of resales in CV and RB and just can’t find something comparable (4500-5000 sf home on 12,000-20,000 sf lot) for $1.1-1.2 million. I’m still waiting for the wave of foreclosures, but it’s been a slow trickle.