kkun I think that the answer is a combination of things. Lets look at some numbers. Drawing a polygon area around the entire highlands area and looking at comps for homes over 2700 sf you get an average of 248 ppsf for sales over the past year. Now looking at “actives” using the same criteria you get an average list price of around 259 ppsf. This is not surprising as list price ppsf is always higher then actual sold price ppsf unless there is a mitigating circumstance such as disrepair or distress (short sale/reo). Now there is a current listing on Aspendell that is contingent at 800k. The ppsf for this home is 218!

While your generalization may or may not be correct about highlands pricing being generally higher I think there are mitigating circumstances. For instance highlands is a better location with regards to commute then Stonebridge. A HUGE monetary advantage lies with NO MR for the San Angelo homes (if I am not mistaken) and like an 86 buck a month HOA fee. (OCR can correct me on all that). Do you realize how much you save in the long run?

Now I am not saying that 11592 Aspendell is not overpriced. However I am saying that based on the numbers alone, I think the lack of recurring charges and the better commute indicates the highlands homes (for that grade/size of house) is a better value.