[quote=bearishgurl I cannot wrap my head around why someone would pay a premium price for new construction (often without any nearby sold comps to justify its asking prices) when there is SO MUCH choice out there in far more desirable locations! It doesn’t make sense to me, at all.[/quote]

I’ll try to help. One of the great insecurities I have about buying in Stonebridge is getting a house that loses 20% of it’s value in the first year or two, which I believe is still a possibility in this community. If I build a new house I can specify everything the way I want it, and can rationalize the crappy market with “I got exactly the house I wanted” and can almost look at it like a car purchase.

I realize this is stupid, but I’m sure the psychology of this is very similar to everyone buying new construction right now. The whole thing just seems less risky, even though it may not be.
By the way, I consider the Stonebridge location to be very desirable, but to each his/her own.