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

[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;

[5yearwaiter]

I doubt there is any selling going with these prices. Sometimes they hold the rates but no one prepare to buy. As I heard there is steep price decline in new properties who ready to short sale. I believe we don’t have to look into these newconstruction on predict this area. Already the rumour is SD area many REOs and ready to foreclosures ones accepting for shortsale of around 200k price drop and even further.

[5yearwaiter]

I doubt there is any selling going with these prices. Sometimes they hold the rates but no one prepare to buy. As I heard there is steep price decline in new properties who ready to short sale. I believe we don’t have to look into these newconstruction on predict this area. Already the rumour is SD area many REOs and ready to foreclosures ones accepting for shortsale of around 200k price drop and even further.

[5yearwaiter]

I doubt there is any selling going with these prices. Sometimes they hold the rates but no one prepare to buy. As I heard there is steep price decline in new properties who ready to short sale. I believe we don’t have to look into these newconstruction on predict this area. Already the rumour is SD area many REOs and ready to foreclosures ones accepting for shortsale of around 200k price drop and even further.

[5yearwaiter]

I doubt there is any selling going with these prices. Sometimes they hold the rates but no one prepare to buy. As I heard there is steep price decline in new properties who ready to short sale. I believe we don’t have to look into these newconstruction on predict this area. Already the rumour is SD area many REOs and ready to foreclosures ones accepting for shortsale of around 200k price drop and even further.

[5yearwaiter]

I doubt there is any selling going with these prices. Sometimes they hold the rates but no one prepare to buy. As I heard there is steep price decline in new properties who ready to short sale. I believe we don’t have to look into these newconstruction on predict this area. Already the rumour is SD area many REOs and ready to foreclosures ones accepting for shortsale of around 200k price drop and even further.

[Bugs]

It’s not the developers who will cut the pricing. It’s the lenders who will cut and run when they take back the homes that were purchased with Neg-Am loans back in 2005-2006.

The same thing will happen in Carmel Valley and E. Carlsbad and Encinitas and Del Mar. There are no fortresses in this region, there are only different timelines.

Guaranteed.

[Bugs]

It’s not the developers who will cut the pricing. It’s the lenders who will cut and run when they take back the homes that were purchased with Neg-Am loans back in 2005-2006.

The same thing will happen in Carmel Valley and E. Carlsbad and Encinitas and Del Mar. There are no fortresses in this region, there are only different timelines.

Guaranteed.

[Bugs]

It’s not the developers who will cut the pricing. It’s the lenders who will cut and run when they take back the homes that were purchased with Neg-Am loans back in 2005-2006.

The same thing will happen in Carmel Valley and E. Carlsbad and Encinitas and Del Mar. There are no fortresses in this region, there are only different timelines.

Guaranteed.

[Bugs]

It’s not the developers who will cut the pricing. It’s the lenders who will cut and run when they take back the homes that were purchased with Neg-Am loans back in 2005-2006.

The same thing will happen in Carmel Valley and E. Carlsbad and Encinitas and Del Mar. There are no fortresses in this region, there are only different timelines.

Guaranteed.

[Bugs]

It’s not the developers who will cut the pricing. It’s the lenders who will cut and run when they take back the homes that were purchased with Neg-Am loans back in 2005-2006.

The same thing will happen in Carmel Valley and E. Carlsbad and Encinitas and Del Mar. There are no fortresses in this region, there are only different timelines.

Guaranteed.

[Author]

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