In 4S, it is reaching at $200/sqf for :=3000 sqf new homes. If it was originally selling around $150+/sqf for similar house (3000 sqf) in 2001 or so, $200 -250/sqf may be a break point. Old properties have a larger lot size, so you may say I cannot compare apples and oranges, but when I see recent closing, there are many homes sold at around $200 – $300/sqf. I am expecting that many deal will be closed around that range for this year at least.
I guess, one of esmith’ predictions : soft landing senario may be the case for next 3 months or so in 2009.
