My wife and I just went by Standard Pacific’s Redwood at Wolf Creek. They are having their end of the year sale for move in next month. Homes that were going in the high $590s were going for $450k. They are only about a third of a way into their buildout (sales rep said 2 years to finish).
The homes were nice enough but the sales lady Katy was a real arrogant witch. As to the reason for her rude behavior, I noticed that besides the spec homes they were selling there were no houses under construction. When asked she said they were go to start taking orders again in January with move-ins in June. 6 months with no new sales!!! After monitoring their stock for several months now, I think there is a more than 50% chance they will be bankrupt by then. The odds of them never finishing are pretty good.
So in summary, buy now at Standard Pacific Redwood and live next to dirt for several years!
