In the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.
