Hipmatt, $104/sf including the land is a pretty good deal already (although I think it’ll go much lower in Temecula). I know someone who build a house in Riverside for $130/sf excluding the land. His house is custom but I would say that it’s no better than a tract house.
BTW, SD Realtor, what are you advising your clients on homeowners’ insurance, dwelling coverage portion, for a typical suburban tract house?