OCR,
Whatever. You are cherry picking to prove your point. if you go back to the threads begining you see we were talking about the 2300+sq ft model. A few times we looked at the 2100 sq ft model. Now to prove your point that we might get into the low 400’s in 2007 you pulled out a much smaller model that was never part of the thread. If you look back to August 2006 posts you will see asking prices in the low 500’s for the larger models and your speculating they would dip below 500K. One year later we still see them closing above 500K.
SD R,
Jeezuz! if 30 to 60 day comps arent current enough what is? You also missed a pending on Camino Verde with an asking price of 575,000. probably didnt go that high but certainly not in the low 400’s.
A pending of the smaller 1900 sq ft model with an asking price of $490,000 is pretty strong IMO. BTW, this floorplan was selling in the high 300’s in late 2003. Throw in the fact that Twin Oaks Valley Road now goes through San Elijo Hills dramatically improving access to the coast and I’m still calling victory on this prediction.
Guys,
I dont deny the direction of where things are heading but OCR’s call was wrong given the timing of it. As for entering 2003 pricing, that is a pretty meaningless statement as we have been there for a year already in most areas. The question is not are we in 2003 pricing but are we in January 2003 pricing which is vastly different from November 2003 pricing as there was substantial appreciation throughout the year.
