I think Stonebridge in general was under valued during 2008-2012 years. I don’t see the area going down in the near future. That being said, it would take a lot of things to happen before we see prices like we did in 2008-2010. I don’t think interest rates will have any micro affect on the area. Maybe rates over 6% will have a larger affect on housing in general. I thought Bellasario was over priced when released. In hindsight I think they priced it just right. Once the distressed inventory worked it’s way through the system, prices have bounced back with a vengence.
