I took the time to get out the flyer I got from the pre-model sales office a month ago.
The Briars, which advertised the $511,500 SFR, was actually suppose to start from the low $600,000’s!!!
The Steppes, with the 2920 sqft home in the $550,000 range (btw, we went this weekend, these prices are here to stay, they are not just limited teaser prices for the grand opening), were suppose to start from the mid $600,000’s!!!
In another word, Lennar has slashed $100,000 off all of its models right off the bat.
We took a drive up to Valley Center’s Wood’s Valley today as well, everything is at least $100,000 off 6-8 months ago. Some of the really high end models that sold for $1 mil are now in the $800,000 range. The models previous going for mid $800,000 are now $700,000.
Remember, look at the center for the trend in the periphery went the market start to get strong, and look at the periphery for the trend at the center when the market is heading south.
