[quote=ocrenter][quote=sunny88]Stonebridge was massively overvalued between 2005 to 2007 and was less overvalued from 2008 to 2010. It was never undervalued compared to more desirable neighborhoods such as Poway. It is becoming very overvalued again given the location.
However, I would not be surprised if the prices are going up even higher due to shortage of new homes.[/quote]
So if it was never undervalued, then it is your position that $170-180 per sqft is of normal value? that’s less than replacement cost for these homes.
I know you feel Poway is much more desirable for you, but I don’t think that’s an objective viewpoint at all.[/quote]
I have not seen homes selling for $170-180 per sqft unless short sales. In my opinion the MR is a huge drawback compared to Poway. Also, Stonebridge is too far away from sshopping areas. I do like some the the homes though.
