My impression was that the builders were squeezing “all that the market will bear” in terms of pricing the inventory just competitive enough to move it fairly quickly. At least in a neighborhood such as 4S Ranch the prices depicted above are what the market (demand) currently supports in an area such as 4S Ranch. One note on this new inventory vs. resale (in other parts of 4S Ranch); with the current new homes available builders have reached a new low in terms of cramming as many homes into as small an area as possible. Other same square footage homes elsewhere in 4S have on average bigger yards than the current inventory. Now “bigger” is a relative term. The new homes are on postage stamp sized 5500 to 6500 sq/ft lots. Most homes elsewhere in 4S ranch have average lot sizes from 8000 to 10000 sq/ft lots. Still quite small when you consider a 1/4 lot is 12,000+/- sq/ft. Anecdotal evidence from some realtors (take it for what its worth . . . not much) indicate that this is actually helping move some of the resale inventory. Interested buyers come to view the selection of new homes because they like the area/community, are turned off by how small the lots are and discover resale homes in same community generally offer more in terms of lot and yard size. Again I heard this from 2 different realtors. Fact or fiction??? But it makes sense.
