4S Evergreen 3000+ sq/ft beginning at $800K = sold out.

[Bugs]

Compared to areas farther north, 4s still has a great location relative to employment. I never would have expected it to be among the initial wave of losers. It’s “Temecula day” will eventually come, I just don’t expect to see it for at least another year, maybe 2 or 3.

Carmel Valley is even more convenience to employment, so I think CV will hold out longer than that.

[sdcellar]

Funny you should mention “Temecula day” in 4S Ranch. I’ve actually noticed that Hendrix Montecastro is party to a few NODS in 92127. Nothing in 4S proper yet, but it’s made me wonder how broad geographically the whole Temecula scam is.

[sdcellar]

Funny you should mention “Temecula day” in 4S Ranch. I’ve actually noticed that Hendrix Montecastro is party to a few NODS in 92127. Nothing in 4S proper yet, but it’s made me wonder how broad geographically the whole Temecula scam is.

[4spotentialbuyer]

SD Realtor,

If a buyer wanted to buy a new house from the builder, when do you think at 3000 sq ft new home will go down further in 4S Ranch? Do you winter would be a better time to buy or would Spring 2008 be a better time to buy if you wanted to buy new? I know it would be cheaper to wait 2-3 yrs and buy a 1-2 yr old house however we want a new house where we are able to select our own upgrades and landscaping…As many of the new 3000sq ft homes had sold for 800-900K in the last 2 yrs, 750K current sales price would not be at the high end…We wanted high 600K or around 700K however we are not sure new homes wil drop another 50K. Thanks for your thoughts.

[4spotentialbuyer]

SD Realtor,

If a buyer wanted to buy a new house from the builder, when do you think at 3000 sq ft new home will go down further in 4S Ranch? Do you winter would be a better time to buy or would Spring 2008 be a better time to buy if you wanted to buy new? I know it would be cheaper to wait 2-3 yrs and buy a 1-2 yr old house however we want a new house where we are able to select our own upgrades and landscaping…As many of the new 3000sq ft homes had sold for 800-900K in the last 2 yrs, 750K current sales price would not be at the high end…We wanted high 600K or around 700K however we are not sure new homes wil drop another 50K. Thanks for your thoughts.

[JWM in SD]

Tsk, Tsk, Alex…I’m disappointed in you buddy. Just when I thought you were finally beginning to get it you go and blow it by using one of the worst REIC cliches out there right now.

You need a Bubble Primer Remedial course my friend.

[JWM in SD]

Tsk, Tsk, Alex…I’m disappointed in you buddy. Just when I thought you were finally beginning to get it you go and blow it by using one of the worst REIC cliches out there right now.

You need a Bubble Primer Remedial course my friend.

[ibjames]

ha ha, I was going to post again about the land comment but saw I posted about it already 🙁

An example of a 4S buyer, a coworker of mine just bought a house there. He is getting married. He has a condo he bought in 99, his fiance has a house, the money from the sales of both of those places are going towards it. Otherwise they wouldn’t be able to buy

[ibjames]

ha ha, I was going to post again about the land comment but saw I posted about it already 🙁

An example of a 4S buyer, a coworker of mine just bought a house there. He is getting married. He has a condo he bought in 99, his fiance has a house, the money from the sales of both of those places are going towards it. Otherwise they wouldn’t be able to buy

[SD Realtor]

Hi 4Spotentialbuyer –

I am sorry for not having a direct answer. Bugs made a good post on this thread. The location of 4S along with the school district and the employment demographic would indicate that it will hold up for a longer period of time with respect to the downturn. Statistically speaking winter seasonally has less sales then spring simply because of the volume of buyers. I cannot say with any degree of accuracy if pricing will be higher or lower in the spring of 08 verses the winter of 07. As I said the builders are doing a good job at squeezing the supply to prop up demand.

My advice to people buying the new homes from the builder is to try to get one that falls out of escrow. I have been to sales offices where they have a quick sale on a unit that was supposed to close and didn’t because the buyer bailed out. Those tend to be priced the best and move quickly.

I usually guess wrong on stuff like this however, if employment continues to stagnate and a recession hits then giving a few more months for harder times to sink in will only help your search for lower pricing. Also there are a big number of ARM resets this fall so waiting until the spring will potentially help you as well for that. Finally, if you are going to look at the long term picture then I actually would base my purchase date on when the 10 year treasury is hitting a local bottom. If you own a home say for 15 years then say a 3/4% difference on the interest rate over that period of time for a large loan may be a factor that should not be ignored.

Sorry for the vagaries….

SD Realtor

[SD Realtor]

Hi 4Spotentialbuyer –

I am sorry for not having a direct answer. Bugs made a good post on this thread. The location of 4S along with the school district and the employment demographic would indicate that it will hold up for a longer period of time with respect to the downturn. Statistically speaking winter seasonally has less sales then spring simply because of the volume of buyers. I cannot say with any degree of accuracy if pricing will be higher or lower in the spring of 08 verses the winter of 07. As I said the builders are doing a good job at squeezing the supply to prop up demand.

My advice to people buying the new homes from the builder is to try to get one that falls out of escrow. I have been to sales offices where they have a quick sale on a unit that was supposed to close and didn’t because the buyer bailed out. Those tend to be priced the best and move quickly.

I usually guess wrong on stuff like this however, if employment continues to stagnate and a recession hits then giving a few more months for harder times to sink in will only help your search for lower pricing. Also there are a big number of ARM resets this fall so waiting until the spring will potentially help you as well for that. Finally, if you are going to look at the long term picture then I actually would base my purchase date on when the 10 year treasury is hitting a local bottom. If you own a home say for 15 years then say a 3/4% difference on the interest rate over that period of time for a large loan may be a factor that should not be ignored.

Sorry for the vagaries….

SD Realtor

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