Nothing price can’t fix! I too wouldn’t be suprised if prices came down more on Eaglepoint. They have 3 phases left, after this current one. They are trying to figure out the correct price point for these homes in the current market.
Now that they are under the FHA loan limits, you’ll probably see more of these sell. Crestview and NorthStar keep selling and are where the buyers are, price point wise, for this area. http://www.fha.com/lending_limits_state.cfm?state=CALIFORNIA
FYI – the 52 extension is coming along nicely. Should be finished I think by Q1 2011.