Home › Forums › Closed Forums › Properties or Areas › Andalusia and Monteluz at 4S Ranch
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January 31, 2010 at 8:28 AM #508299January 31, 2010 at 11:16 AM #507430ocrenterParticipant
ok, got the price California West paid per parcel.
each lot for Monteluz was $225,000. Assuming $80/sqft cost per home, that’ll be $280,000. which means $500k cost to the builder. the builder then sells for $700k, or $200k margin per home.
each lot for Andalusia went for $215,000.
both properties were purchased by California West during the peak of the credit crunch in Oct/Nov of 2008.
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.
January 31, 2010 at 11:16 AM #507576ocrenterParticipantok, got the price California West paid per parcel.
each lot for Monteluz was $225,000. Assuming $80/sqft cost per home, that’ll be $280,000. which means $500k cost to the builder. the builder then sells for $700k, or $200k margin per home.
each lot for Andalusia went for $215,000.
both properties were purchased by California West during the peak of the credit crunch in Oct/Nov of 2008.
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.
January 31, 2010 at 11:16 AM #507986ocrenterParticipantok, got the price California West paid per parcel.
each lot for Monteluz was $225,000. Assuming $80/sqft cost per home, that’ll be $280,000. which means $500k cost to the builder. the builder then sells for $700k, or $200k margin per home.
each lot for Andalusia went for $215,000.
both properties were purchased by California West during the peak of the credit crunch in Oct/Nov of 2008.
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.
January 31, 2010 at 11:16 AM #508081ocrenterParticipantok, got the price California West paid per parcel.
each lot for Monteluz was $225,000. Assuming $80/sqft cost per home, that’ll be $280,000. which means $500k cost to the builder. the builder then sells for $700k, or $200k margin per home.
each lot for Andalusia went for $215,000.
both properties were purchased by California West during the peak of the credit crunch in Oct/Nov of 2008.
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.
January 31, 2010 at 11:16 AM #508334ocrenterParticipantok, got the price California West paid per parcel.
each lot for Monteluz was $225,000. Assuming $80/sqft cost per home, that’ll be $280,000. which means $500k cost to the builder. the builder then sells for $700k, or $200k margin per home.
each lot for Andalusia went for $215,000.
both properties were purchased by California West during the peak of the credit crunch in Oct/Nov of 2008.
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.
January 31, 2010 at 12:08 PM #507435briansd1Guest[quote=ocrenter]
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.[/quote]I agree with this.
We’ll just have to see how government support plays out.
I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.
January 31, 2010 at 12:08 PM #507581briansd1Guest[quote=ocrenter]
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.[/quote]I agree with this.
We’ll just have to see how government support plays out.
I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.
January 31, 2010 at 12:08 PM #507991briansd1Guest[quote=ocrenter]
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.[/quote]I agree with this.
We’ll just have to see how government support plays out.
I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.
January 31, 2010 at 12:08 PM #508085briansd1Guest[quote=ocrenter]
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.[/quote]I agree with this.
We’ll just have to see how government support plays out.
I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.
January 31, 2010 at 12:08 PM #508339briansd1Guest[quote=ocrenter]
California West probably figured they would have to sell these homes at low to mid $600k if the credit crunch continued to be severe. but due the government intervention, the demand return and they are able to make an additional $100k per home.[/quote]I agree with this.
We’ll just have to see how government support plays out.
I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.
January 31, 2010 at 1:25 PM #507455anParticipant[quote=briansd1]I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.[/quote]
Hopefully this is the start of a new trend. Seems like there’s a lot more demand for the single story plan than the other ones.January 31, 2010 at 1:25 PM #507601anParticipant[quote=briansd1]I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.[/quote]
Hopefully this is the start of a new trend. Seems like there’s a lot more demand for the single story plan than the other ones.January 31, 2010 at 1:25 PM #508011anParticipant[quote=briansd1]I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.[/quote]
Hopefully this is the start of a new trend. Seems like there’s a lot more demand for the single story plan than the other ones.January 31, 2010 at 1:25 PM #508106anParticipant[quote=briansd1]I’m impressed that California West is building one-story houses of 2200sf and 2600sf. Those did not exist during the boom.[/quote]
Hopefully this is the start of a new trend. Seems like there’s a lot more demand for the single story plan than the other ones. -
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