I doubt prices will fall much in places like Scripps Ranch (I am talking about more established parts of Scripps and not Stonebridge). If you can get something for early 2003 price in Scripps later this year with interest rates in the low 4s for 30 yr fixed, which I think is possible…just lock it in. From all my research in the past few months (maybe years if you count online research), I think Scripps is one of the best areas in San Diego to live and raise a family. Similar homes in CV cost a lot more and the only plus I see for CV is closer to the beach and 10 mins closer to Sorrento Valley. Personally i really like Scripps Ranch.
