as localguy pointed out, there are some overpriced homes in stonebridge, and there are also some homes badly positioned next to powerlines.
potentially someone can really get screwed buying in stonebridge. but the key here is where there is risk, there is also reward. don’t wait on the MLS for a lower priced home (it is likely a short sale with a transmission tower at the front door, aka shadetree). instead, go make your own bargain. for example, localguy mentioned the homes colrich took over from cornerstone. guess what, colrich is NOT advertising AT ALL. those are prime targets for bargain seekers. another prior opportunity was the CityVenture homes that went down to essentially $750k. And prior to that the bunch of homes Davidson sold back in late 08-early 09. then there’s the occasional short sale and foreclosures. bottom line, you will not get a bargain going down the regular sale route.
