Stonebridge has taken a pounding and will continue to do so albeit maybe at a slower pace. Someone on this site had emailed me a listing below 600k if you can believe that.
Think of Stonebridge as a 4S Ranch but without any of the nice community that 4S has. Stonebridge is served by PUSD which is great but there are not any schools within Stonebridge. All of the infrastructure is outside it which can be a chore to get to. On the flip side the spacing and lot sizes of Stonebridge is vastly superior to 4S.
As you commented we have hit a dead spot with respect to inventory. Inventory levels are down and things are sticky right now. Lenders are dragging feet on short sales because of the possibility of pushing the bad loans off to the government and recent legislation has thrown foreclosure processing timelines for a loop. So everything is dragging longer then usual. The slowdown has resulted in decent activity for homes on the market that are priced right and show well in desireable areas. People still looking to get price premiums are still in denial though. I know many of them.
