When I went down to Temecula last weekend, Meritage was asking for 425K for their 2334 sq ft home in Aberdeen. That puts it at about $182/sq ft. I’m sure if you pushed, you can get it for lower. I’m not sure about their two bigger homes.
However, Lennar (while the location isn’t as good) were asking for 460K for their 3068 sq ft home (Barrington). That’s about $150/sq ft. That’s significantly lower in terms of $/sq ft.
Also, these homes come with their share of stainless steel appliances, new flooring, and in general, a new home. Granted, you have to put more work into window coverings, but it’s a bonus over buying old homes.
In my opinion, I would prefer Lennar’s homes as it’s farther from the bigger streets and have bigger lots (~5100 sq ft vs ~ 4200 sq ft). You just have to walk a lot farther for the Harveston ammenities (you might even have to drive).
But for me, it’s hard to judge what’s a good price per sq ft for the Harveston area. It’s just so new. It seems like the rest of Temecula was about $120/sq ft back in 2000-2002. And some people here in piggington have been saying it’s been as low as $80-90/sq ft. I’m guessing if the prices were adjusted for inflation (and ignoring the crazy spikes of 2003+), we would be looking at $130-140/sq ft. However, because of the bubble, we’re now looking at $200-225/sq ft.
