37% Price Drop in 4S Ranch –3000+ sq ft homes

[an]

[quote=maoing]
Check around the SFH developments in 4S, Chanteclair just sold out he Phase 3A release, Pienza only has 4 homes left, Silouette only has 1 left in Phase 5 release. The Maybeck may have more before it doesn’t have backyard. So I would say the support for $220/sft in 4S is strong till the end of the 2008 because it looks there won’t have to many new home inventories to drag the price.[/quote]
Builders are not the only one that’s serious in this market. I think banks are actually even more serious than the builders if you don’t count in incentives. Here are 3 places that’s listing under $200/sq-ft:
Linky 1
Linky 2
Linky 3

There are also 7 houses in 4S Ranch that’s priced between $200-220/sq-ft.

[oceanbreeze]

In the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.

[oceanbreeze]

In the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.

[oceanbreeze]

In the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.

[oceanbreeze]

In the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.

[oceanbreeze]

In the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.

[WayneBruce]

I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…

[WayneBruce]

I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…

[WayneBruce]

I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…

[WayneBruce]

I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…

[WayneBruce]

I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…

[oceanbreeze]

[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]

Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.

From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;

[oceanbreeze]

[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]

Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.

From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;

[oceanbreeze]

[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]

Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.

From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;

[oceanbreeze]

[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.

What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.

Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]

Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.

From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;

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