4S Ranch is going to feel prolonged pressure even as other areas hit bottom and start to recover. It’s mostly new and mostly Alt-A. It is relatively unaffected by current subprime turmoil, but the wave of Alt-A resets is just picking up and is going to continue through 2011. http://www.bubbleinfo.com/journal/2008/3/24/somber-reminder.html
you could see that 600-650k range in another 18-24 months.
SD R, somebody on this site mentioned several month ago that his $670K offer was accepted for a new 4S 3K sqft home. Do you think that was a one-off occurrence?
