first, serenity is a post-bubble development, so financing for most of them would be the traditional 20% down or higher variety. and chances are most ended up getting very low 30 year interest rate.
second, like localguy mentioned on prior post, there is a market out there, homes are going. so if a house got all of the interior and exterior upgrades, it is more likely than not that it will find a buyer prior to reaching into the 700k territory. even well into 2013.
but is it possible that you might see maybe a couple of individual cases dip into the 700k range? maybe. maybe on a home that the owner could not afford to put upgrades in. and there’s a job loss. and the home already had a lot deficiency (aka minimal flat yard with steep slope in the back).
but then again, that has already happened with a couple of Davidson new homes and CityVenture Viscaya new homes. so whoever wanted a mid 700k larger Stonebridge home should have already acted. there’s no need to wait until 2013.
