I still very much doubt that we’ll see widespread large price drops in 4S. High end above 1 mil may suffer. Unless we go through a second Great Depression, there’s enough pent-up demand for 4S Ranch to absorb all REOs.
Maybeck plan 1 was starting at $702,000 1.5 years ago. Today they are asking $673,805.
Pienza plan 2901 lot 829 was offered for $707,890 in April ’07. Today the cheapest Pienza is $725,490.
