The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000. Above this price I consider all is overpriced. But the trend showing now this supposed to go and fit at around 706000 ONLY if my guess goes correct.
Remember at 4S Ranch the Melarose is alomst 4000 per anum for this kind of house – so who is going to really pay those mortgage.
