Remember, this is an auction. While the bidding won’t be anything close to feverish, I would expect you’re probably end up closer to around $550-575K given recent comps and the over-all area in general.
Full disclosure: My wife and I bought one of the Venzano models last fall. We love it here and haven’t looked back. We waited though the market gyrations, saved and we’re glad we did. Were we concerned about a double-dip, shadow inventory and continued economic malaise lopping off an additional 10%? Sure. However, we bought the house of our dreams and don’t see us leaving anytime soon. It’s a great, family-oriented neighborhood. Everyone we’ve met have been super nice and Venzano has a lesser tax rate than the rest of SEH.
Find the place you can see you and your family in long-term and let all of the other stuff outside of your control work itself out. It always does.
If you have any other questions about the community, I’m happy to answer them.
