4S Ranch is priced very competitively compared to Del Sur and current Re-Sale homes. Due to the limited sought after Poway Unified School district and no competition, I don’t see them lowering their prices anytime soon. I would still wait out this current down cycle. Newer Scripps Ranch is also part of PUSD and is also competitively priced for 4,000+sqft homes. Eventually when must sell inventory increases in those areas, there will be more price declines. The banks holding these REOs will need to discount them in order to move product. So basically if Re-Sale home sellers want their homes to move they will eventually have to lower their prices, thus making builders lower their prices. Remember prices are very sticky on the way down. I would wait until November to see what happens with all these NODs and NOTs from July-September.
