Many houses, especially new

[Eugene]

Many houses, especially new houses (size 3000+ sqft) in Northern Inland are about $220 per square feet while many houses sold in 2001 in the same communities were about $170 per square feet.

In 4S Ranch and the such, $220 per square foot is an exception rather than the rule. Even those sold much cheaper than 170 per sq.ft. in 2001.

These are some of the cheapest (in terms of ppsf) relatively new homes for sale in North County.

http://www.sdlookup.com/Property-0FE9FC83-10707_El_Caballo_Ave_San_Diego_CA_92127
Sold for $145/sf in 2001, asking $232/sf
http://www.sdlookup.com/Property-594D70C1-10212_Lone_Dove_St_San_Diego_CA_92127
Sold for $174/sf in 2003, asking $242/sf
http://www.sdlookup.com/Property-9613223B-15011_Palomino_Mesa_Rd_San_Diego_CA_92127
Sold for $160/sf in 2003, asking $234/sf
http://www.sdlookup.com/MLS-071055333-7056_Santa_Fe_Canyon_Pl_San_Diego_CA_92129
Sold for $157/sf in 2002, asking $258/sf
http://www.sdlookup.com/Property-9E235A33-7024_Chapala_Canyon_Ct_San_Diego_CA_92129
Sold for $157/sf in 2002, asking $233/sf

I might consider paying 25% over 2001 price for such a house, but unfortunately we’re not there yet.