4S Ranch–Builders not negotiating

[4spotentialbuyer]

500-520K for 3000sq ft in 4S? While I would love for the price to go back to 2002-2003, you would also have to account for normal appreciation. We thought those prices were good (702 for Silhouette and Pienza reduced some homes by 80K to 704K) and we almost bought…however we are trying to hold out. What do our realtors on this site think the price will stablize to for a 3000 sq ft home? e thought 600-650 would be a good price.

[SD Realtor]

Hard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.

In the long run I think it will come down.

SD Realtor

[SD Realtor]

Hard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.

In the long run I think it will come down.

SD Realtor

[SD Realtor]

Hard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.

In the long run I think it will come down.

SD Realtor

[SD Realtor]

Hard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.

In the long run I think it will come down.

SD Realtor

[SD Realtor]

Hard to say where it will get to in the short run. Right now the cheapest resale over 3k sf is the Ralphs Ranch listing at 702k and that is new construction. You could see that 600-650k range in another 18-24 months. Maybe even a distress sale here or there but it will get snapped up quick. If we get a real fast interest rate hike or severe unemployment that would help. If the feds bailout some of those distressed homeowners and let them refinance to a lower nut then that will not help. People don’t want to hear that though.

In the long run I think it will come down.

SD Realtor

[Sandi Egan]

4S Ranch is going to feel prolonged pressure even as other areas hit bottom and start to recover. It’s mostly new and mostly Alt-A. It is relatively unaffected by current subprime turmoil, but the wave of Alt-A resets is just picking up and is going to continue through 2011.
http://www.bubbleinfo.com/journal/2008/3/24/somber-reminder.html

you could see that 600-650k range in another 18-24 months.
SD R, somebody on this site mentioned several month ago that his $670K offer was accepted for a new 4S 3K sqft home. Do you think that was a one-off occurrence?

[Sandi Egan]

4S Ranch is going to feel prolonged pressure even as other areas hit bottom and start to recover. It’s mostly new and mostly Alt-A. It is relatively unaffected by current subprime turmoil, but the wave of Alt-A resets is just picking up and is going to continue through 2011.
http://www.bubbleinfo.com/journal/2008/3/24/somber-reminder.html

you could see that 600-650k range in another 18-24 months.
SD R, somebody on this site mentioned several month ago that his $670K offer was accepted for a new 4S 3K sqft home. Do you think that was a one-off occurrence?

[Sandi Egan]

4S Ranch is going to feel prolonged pressure even as other areas hit bottom and start to recover. It’s mostly new and mostly Alt-A. It is relatively unaffected by current subprime turmoil, but the wave of Alt-A resets is just picking up and is going to continue through 2011.
http://www.bubbleinfo.com/journal/2008/3/24/somber-reminder.html

you could see that 600-650k range in another 18-24 months.
SD R, somebody on this site mentioned several month ago that his $670K offer was accepted for a new 4S 3K sqft home. Do you think that was a one-off occurrence?

[Sandi Egan]

4S Ranch is going to feel prolonged pressure even as other areas hit bottom and start to recover. It’s mostly new and mostly Alt-A. It is relatively unaffected by current subprime turmoil, but the wave of Alt-A resets is just picking up and is going to continue through 2011.
http://www.bubbleinfo.com/journal/2008/3/24/somber-reminder.html

you could see that 600-650k range in another 18-24 months.
SD R, somebody on this site mentioned several month ago that his $670K offer was accepted for a new 4S 3K sqft home. Do you think that was a one-off occurrence?

[Sandi Egan]

4S Ranch is going to feel prolonged pressure even as other areas hit bottom and start to recover. It’s mostly new and mostly Alt-A. It is relatively unaffected by current subprime turmoil, but the wave of Alt-A resets is just picking up and is going to continue through 2011.
http://www.bubbleinfo.com/journal/2008/3/24/somber-reminder.html

you could see that 600-650k range in another 18-24 months.
SD R, somebody on this site mentioned several month ago that his $670K offer was accepted for a new 4S 3K sqft home. Do you think that was a one-off occurrence?

[SD Realtor]

Sandi, it very well could have happened. I was up at 4S two weeks ago with some clients and we tried negotiating and got shut down pretty hard. The best opportunities when you deal with the builders is to try to find something that has dropped out of escrow and is REALLY close to closing. You may even get them to budge. Otherwise I have had a hard time getting much out of them. You can get concessions with regards to upgrades and such, but getting the pricing adjusted is tougher. However if someone got the builder to go significantly lower then more power to them!

SD Realtor

[SD Realtor]

Sandi, it very well could have happened. I was up at 4S two weeks ago with some clients and we tried negotiating and got shut down pretty hard. The best opportunities when you deal with the builders is to try to find something that has dropped out of escrow and is REALLY close to closing. You may even get them to budge. Otherwise I have had a hard time getting much out of them. You can get concessions with regards to upgrades and such, but getting the pricing adjusted is tougher. However if someone got the builder to go significantly lower then more power to them!

SD Realtor

[SD Realtor]

Sandi, it very well could have happened. I was up at 4S two weeks ago with some clients and we tried negotiating and got shut down pretty hard. The best opportunities when you deal with the builders is to try to find something that has dropped out of escrow and is REALLY close to closing. You may even get them to budge. Otherwise I have had a hard time getting much out of them. You can get concessions with regards to upgrades and such, but getting the pricing adjusted is tougher. However if someone got the builder to go significantly lower then more power to them!

SD Realtor

[SD Realtor]

Sandi, it very well could have happened. I was up at 4S two weeks ago with some clients and we tried negotiating and got shut down pretty hard. The best opportunities when you deal with the builders is to try to find something that has dropped out of escrow and is REALLY close to closing. You may even get them to budge. Otherwise I have had a hard time getting much out of them. You can get concessions with regards to upgrades and such, but getting the pricing adjusted is tougher. However if someone got the builder to go significantly lower then more power to them!

SD Realtor

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