Thanks everyone, I appreciate the candid thoughts. I like that area a lot and agree that it’s probably ripe for steeper drops. I’m going to watch it closely over the next 12 months.
There’s also been some interesting activity in the Lakes, particularly on San Antonio Rose Ct. A few homes in the low 300’s per sq ft. as well.
Lennar recently announced that there would be 2 new communities opening in the Lakes this summer (Espada & Revena) in the low millions…seems like a rough market to spark up a new development in…especially when Lennar revenue is down 60+% and orders are down 50+%.
