“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”
4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.
I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.
