What do you think these 3000 sq ft will go for in the upcoming year? We are still trying to wait it out however it’s getting harder. Our friend just bit the bullet and bought in Pienza, 820K before incentives, however the builder is making new owners sign confidentiality paperwork not to disclose the amount of incentives. The sales rep is stating that the prices would not only NOT go gown, they were only going to go UP as they are able to sale 3-4 homes a month. I disagree there as many of those homes are homes that came back on the market as the buyer dropped out. Plus they have not had a sales release in a few months and are not scheduled for another sales release until March/April. I was hoping for mid 600s in 2008 however with the possible mortgage bail out plus lower interest rates, I’m not sure I see that happening this year.
