ocr,
While what you explain seems reasonable on the outside it isnt as reasonable on the inside. It’s all about price compression. There is a minimum price entry point for housing in the area and as newer homes Belleza is above that by a certain margin. Once you reach 600K and 800K for the bigger homes, you start competing with older entry level homes in more desirable locations like Carlsbad/Encinitas. Ultimately this will push down the prices of Belleza but it takes time. patience Grasshoppah!
