Andalusia and Monteluz at 4S Ranch

[ocrenter]

http://piggington.com/4s_ranch_reo_still_too_high

4S pricing for homes this size has been discussed right here for the last 4 years. remember what the subject of the prior discussion previously sold for: $1.06 million for 3700 sqft in 2006.

now sdnerd is able to grab something of similar size for just a little over $700k and the only positive word is a sarcastic “4S is fireproof.”

like SD Realtor said on the prior thread, with such low interest rate, the price for these homes will likely bottom around low $700s.

sdnerd, good job and congrats!

[ocrenter]

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.

[ocrenter]

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.

[ocrenter]

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.

[ocrenter]

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.

[ocrenter]

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.

[briansd1]

[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.

[briansd1]

[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.

[briansd1]

[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.

[briansd1]

[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.

[briansd1]

[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.

[an]

[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.

[an]

[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.

[an]

[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.

[an]

[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.

[Author]

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