I have not seen homes selling for $170-180 per sqft unless short sales. In my opinion the MR is a huge drawback compared to Poway. Also, Stonebridge is too far away from sshopping areas. I do like some the the homes though.[/quote]
There were so much distress from ’09 to ’12 that foreclosures and short sales were essentially the market value. I think the lowest price per sqft actually got down to less than $165, and that was a regular sale. So Stonebridge was undervalued during those few years.
You are right about the MR, but for those 4 years, homes were so undervalued that even after factoring in MR payoff, some folks were still looking at less than $190/sqft.
I would say there’s a lot more shopping options in regard to Stonebridge vs Poway. But like I said before, this is very objective as shopping preferences do vary individually.
