[quote=wanttobuy]What kind of price can we expect this fall/winter and next spring/summer? Serenity is selling and Montoro is selling fast. Many know these two have inferior quality and builder cut corners as much as they can, but with their aggressive pricing, some seems don’t care! Anybody has some insights regarding new and resales in hign end Stonebridge? How low can we see the price go?[/quote]
Who knows, but these are below replacement cost ($177/ft), which is insane. You can’t build for $177/ft, which means the home is discounted and the land is free:
I think these are poster children for classic deflationary spiral thinking. I would guess buyers are figuring “heck they’re already $500k off, I bet they’ll go lower.”
Maybe, maybe not. I think the real question is: Do you want to live in the Stonebridge area for the forseeable future? On a 10 year timeframe, +/- $100k doesn’t matter that much. There will be another real estate bubble in the future (always is). If you can wait for it to sell, then you can buy at Stonebridge whenever you find the right home for your family, and sell in 20 years.
The thing people forget is that RE is a one-off deal. Trying to time it exactly is foolhardy. Each home is completely unique in its lot and geographical location. The odds of your perfect home in the perfect area on the perfect lot coming available at the very bottom of the market is nil.
