Avaron at Del Sur Slashes Prices

[an]

How do you know the house on Castello didn’t sell in 2001 with those interior upgrades already? How do you know what’s standard and what’s upgrades? How do you know how much they spent in upgrades? The pool looks to be neglected, so we don’t know the condition of it. The front lawn is dead, so need to completely redo that too. So, what upgrades are we talking about? Plantation shutter? We don’t know if the Castello came with plantation shutters or not. I personally thinks the premium between Castello and Rising is much greater than $150k (17%). As their 2007 price proved, it should be around 29%. I guess we’ll just have to agree to disagree. You gave Rising River house too much credit by squeezing the premium between the two to only 17% while 2007 sold price shows it should be around 29%. You’re really stretching here when saying the Rising River house is anywhere near the average Avaron house. It’s the smallest floor plan with the smallest lot and one of the worse location. You’re saying the worse of Avaron is priced the same as the Castello. I disagree, we’ll just leave it at that.

[sdrealtor]

Some big stretches on that ocr. You are bending every piece of information as much as you can to fit your 2000 price and it just aint working. For example, How do you know they bought it a year earlier? Maybe it was standing inventory. Every once in while a buyer gets a great deal on standing inventory.

[sdrealtor]

Some big stretches on that ocr. You are bending every piece of information as much as you can to fit your 2000 price and it just aint working. For example, How do you know they bought it a year earlier? Maybe it was standing inventory. Every once in while a buyer gets a great deal on standing inventory.

[sdrealtor]

Some big stretches on that ocr. You are bending every piece of information as much as you can to fit your 2000 price and it just aint working. For example, How do you know they bought it a year earlier? Maybe it was standing inventory. Every once in while a buyer gets a great deal on standing inventory.

[sdrealtor]

Some big stretches on that ocr. You are bending every piece of information as much as you can to fit your 2000 price and it just aint working. For example, How do you know they bought it a year earlier? Maybe it was standing inventory. Every once in while a buyer gets a great deal on standing inventory.

[sdrealtor]

Some big stretches on that ocr. You are bending every piece of information as much as you can to fit your 2000 price and it just aint working. For example, How do you know they bought it a year earlier? Maybe it was standing inventory. Every once in while a buyer gets a great deal on standing inventory.

[cabal]

[quote=HomeShopping]Cabal,

Pay closer attention the next time you visit your friend. Bel Etage/Savenna/Salviati have security cameras at their gates. I heard about the vandalism and need for cameras directly from a resident.

If you’re still confused, their HOA website has meeting minutes (page 3 from March 6, 2008):

“Board has reviewed need for cameras at gate entrances due to increased vandalism. Installation will begin at the Coyote entrance.”

http://www.beletage-savenna.com/show_file.php?id=16640&type_lib=22

I think the homes in those communities are nice. Just think that security is a problem.[/quote]

I was up that way about a month ago. Didn’t know the 2 developments installed cameras recently since I haven’t been in there in awhile. My friends house is in the 3rd development, which is apparently under a different HOA, and they have no security cameras. There are isolated cases of vandalism in every neighborhood, even CV and RSF. To claim security or vandalism is a problem in these high end neighborhoods is simply an exaggeration.

The Rising River, Palomino, and Tea Tree/Castello homes are 3 distinct classes of homes. Palomino is a typical 4S tract home with lots of sqft crammed into a small lot and close neighbors. Rising River is a wannabe mini-estate home with decent lots (1/3 acre) and incrementally better features and street presence. Comparable tracts are the Ivy Gates in south 4s or Mirasol in SantaLuz. Tea Tree(savenna) and castello (salviati) homes are actual estate homes on minimum ½ acre lots featuring estate attributes such as multi courtyards and xtra large rooms. These homes are just a half notch below the posada homes in SantaLuz in terms overall quality, value and prestige. A better comparison without location consideration would be the larger homes in Stonebridge or the Bouganvilla tract in CV, although the long single point entrance and power lines in stoneridge are hard to swallow.

Attempting an apples to apples comparison by assuming common 4500 sqft, I would price these 3 classes of homes as follows. 2000 & 2002 prices are unfinished as new, while peak prices include finished interiors and landscaping.

2000 2002 Peak
4S (largest model) 700K 775K 1.2M
Avaron (Avg model) 750K 850K 1.4M
Savenna(smallest model) 800K 900K 1.8M

Price stability of Avaron homes are the most questionable in bear markets imo as negative features are magnified. As previously posted, the main road in this development is used as a prime access point by the folks in Crosby. For me, this would be a deal breaker similar to having power lines in your backyard.

[cabal]

[quote=HomeShopping]Cabal,

Pay closer attention the next time you visit your friend. Bel Etage/Savenna/Salviati have security cameras at their gates. I heard about the vandalism and need for cameras directly from a resident.

If you’re still confused, their HOA website has meeting minutes (page 3 from March 6, 2008):

“Board has reviewed need for cameras at gate entrances due to increased vandalism. Installation will begin at the Coyote entrance.”

http://www.beletage-savenna.com/show_file.php?id=16640&type_lib=22

I think the homes in those communities are nice. Just think that security is a problem.[/quote]

I was up that way about a month ago. Didn’t know the 2 developments installed cameras recently since I haven’t been in there in awhile. My friends house is in the 3rd development, which is apparently under a different HOA, and they have no security cameras. There are isolated cases of vandalism in every neighborhood, even CV and RSF. To claim security or vandalism is a problem in these high end neighborhoods is simply an exaggeration.

The Rising River, Palomino, and Tea Tree/Castello homes are 3 distinct classes of homes. Palomino is a typical 4S tract home with lots of sqft crammed into a small lot and close neighbors. Rising River is a wannabe mini-estate home with decent lots (1/3 acre) and incrementally better features and street presence. Comparable tracts are the Ivy Gates in south 4s or Mirasol in SantaLuz. Tea Tree(savenna) and castello (salviati) homes are actual estate homes on minimum ½ acre lots featuring estate attributes such as multi courtyards and xtra large rooms. These homes are just a half notch below the posada homes in SantaLuz in terms overall quality, value and prestige. A better comparison without location consideration would be the larger homes in Stonebridge or the Bouganvilla tract in CV, although the long single point entrance and power lines in stoneridge are hard to swallow.

Attempting an apples to apples comparison by assuming common 4500 sqft, I would price these 3 classes of homes as follows. 2000 & 2002 prices are unfinished as new, while peak prices include finished interiors and landscaping.

2000 2002 Peak
4S (largest model) 700K 775K 1.2M
Avaron (Avg model) 750K 850K 1.4M
Savenna(smallest model) 800K 900K 1.8M

Price stability of Avaron homes are the most questionable in bear markets imo as negative features are magnified. As previously posted, the main road in this development is used as a prime access point by the folks in Crosby. For me, this would be a deal breaker similar to having power lines in your backyard.

[cabal]

[quote=HomeShopping]Cabal,

Pay closer attention the next time you visit your friend. Bel Etage/Savenna/Salviati have security cameras at their gates. I heard about the vandalism and need for cameras directly from a resident.

If you’re still confused, their HOA website has meeting minutes (page 3 from March 6, 2008):

“Board has reviewed need for cameras at gate entrances due to increased vandalism. Installation will begin at the Coyote entrance.”

http://www.beletage-savenna.com/show_file.php?id=16640&type_lib=22

I think the homes in those communities are nice. Just think that security is a problem.[/quote]

I was up that way about a month ago. Didn’t know the 2 developments installed cameras recently since I haven’t been in there in awhile. My friends house is in the 3rd development, which is apparently under a different HOA, and they have no security cameras. There are isolated cases of vandalism in every neighborhood, even CV and RSF. To claim security or vandalism is a problem in these high end neighborhoods is simply an exaggeration.

The Rising River, Palomino, and Tea Tree/Castello homes are 3 distinct classes of homes. Palomino is a typical 4S tract home with lots of sqft crammed into a small lot and close neighbors. Rising River is a wannabe mini-estate home with decent lots (1/3 acre) and incrementally better features and street presence. Comparable tracts are the Ivy Gates in south 4s or Mirasol in SantaLuz. Tea Tree(savenna) and castello (salviati) homes are actual estate homes on minimum ½ acre lots featuring estate attributes such as multi courtyards and xtra large rooms. These homes are just a half notch below the posada homes in SantaLuz in terms overall quality, value and prestige. A better comparison without location consideration would be the larger homes in Stonebridge or the Bouganvilla tract in CV, although the long single point entrance and power lines in stoneridge are hard to swallow.

Attempting an apples to apples comparison by assuming common 4500 sqft, I would price these 3 classes of homes as follows. 2000 & 2002 prices are unfinished as new, while peak prices include finished interiors and landscaping.

2000 2002 Peak
4S (largest model) 700K 775K 1.2M
Avaron (Avg model) 750K 850K 1.4M
Savenna(smallest model) 800K 900K 1.8M

Price stability of Avaron homes are the most questionable in bear markets imo as negative features are magnified. As previously posted, the main road in this development is used as a prime access point by the folks in Crosby. For me, this would be a deal breaker similar to having power lines in your backyard.

[cabal]

[quote=HomeShopping]Cabal,

Pay closer attention the next time you visit your friend. Bel Etage/Savenna/Salviati have security cameras at their gates. I heard about the vandalism and need for cameras directly from a resident.

If you’re still confused, their HOA website has meeting minutes (page 3 from March 6, 2008):

“Board has reviewed need for cameras at gate entrances due to increased vandalism. Installation will begin at the Coyote entrance.”

http://www.beletage-savenna.com/show_file.php?id=16640&type_lib=22

I think the homes in those communities are nice. Just think that security is a problem.[/quote]

I was up that way about a month ago. Didn’t know the 2 developments installed cameras recently since I haven’t been in there in awhile. My friends house is in the 3rd development, which is apparently under a different HOA, and they have no security cameras. There are isolated cases of vandalism in every neighborhood, even CV and RSF. To claim security or vandalism is a problem in these high end neighborhoods is simply an exaggeration.

The Rising River, Palomino, and Tea Tree/Castello homes are 3 distinct classes of homes. Palomino is a typical 4S tract home with lots of sqft crammed into a small lot and close neighbors. Rising River is a wannabe mini-estate home with decent lots (1/3 acre) and incrementally better features and street presence. Comparable tracts are the Ivy Gates in south 4s or Mirasol in SantaLuz. Tea Tree(savenna) and castello (salviati) homes are actual estate homes on minimum ½ acre lots featuring estate attributes such as multi courtyards and xtra large rooms. These homes are just a half notch below the posada homes in SantaLuz in terms overall quality, value and prestige. A better comparison without location consideration would be the larger homes in Stonebridge or the Bouganvilla tract in CV, although the long single point entrance and power lines in stoneridge are hard to swallow.

Attempting an apples to apples comparison by assuming common 4500 sqft, I would price these 3 classes of homes as follows. 2000 & 2002 prices are unfinished as new, while peak prices include finished interiors and landscaping.

2000 2002 Peak
4S (largest model) 700K 775K 1.2M
Avaron (Avg model) 750K 850K 1.4M
Savenna(smallest model) 800K 900K 1.8M

Price stability of Avaron homes are the most questionable in bear markets imo as negative features are magnified. As previously posted, the main road in this development is used as a prime access point by the folks in Crosby. For me, this would be a deal breaker similar to having power lines in your backyard.

[cabal]

[quote=HomeShopping]Cabal,

Pay closer attention the next time you visit your friend. Bel Etage/Savenna/Salviati have security cameras at their gates. I heard about the vandalism and need for cameras directly from a resident.

If you’re still confused, their HOA website has meeting minutes (page 3 from March 6, 2008):

“Board has reviewed need for cameras at gate entrances due to increased vandalism. Installation will begin at the Coyote entrance.”

http://www.beletage-savenna.com/show_file.php?id=16640&type_lib=22

I think the homes in those communities are nice. Just think that security is a problem.[/quote]

I was up that way about a month ago. Didn’t know the 2 developments installed cameras recently since I haven’t been in there in awhile. My friends house is in the 3rd development, which is apparently under a different HOA, and they have no security cameras. There are isolated cases of vandalism in every neighborhood, even CV and RSF. To claim security or vandalism is a problem in these high end neighborhoods is simply an exaggeration.

The Rising River, Palomino, and Tea Tree/Castello homes are 3 distinct classes of homes. Palomino is a typical 4S tract home with lots of sqft crammed into a small lot and close neighbors. Rising River is a wannabe mini-estate home with decent lots (1/3 acre) and incrementally better features and street presence. Comparable tracts are the Ivy Gates in south 4s or Mirasol in SantaLuz. Tea Tree(savenna) and castello (salviati) homes are actual estate homes on minimum ½ acre lots featuring estate attributes such as multi courtyards and xtra large rooms. These homes are just a half notch below the posada homes in SantaLuz in terms overall quality, value and prestige. A better comparison without location consideration would be the larger homes in Stonebridge or the Bouganvilla tract in CV, although the long single point entrance and power lines in stoneridge are hard to swallow.

Attempting an apples to apples comparison by assuming common 4500 sqft, I would price these 3 classes of homes as follows. 2000 & 2002 prices are unfinished as new, while peak prices include finished interiors and landscaping.

2000 2002 Peak
4S (largest model) 700K 775K 1.2M
Avaron (Avg model) 750K 850K 1.4M
Savenna(smallest model) 800K 900K 1.8M

Price stability of Avaron homes are the most questionable in bear markets imo as negative features are magnified. As previously posted, the main road in this development is used as a prime access point by the folks in Crosby. For me, this would be a deal breaker similar to having power lines in your backyard.

[HomeShopping]

Cabal, well, at least you admit that Bel Etage and Savenna needed to install security cameras because of vandalism and unauthorized access. It’s up to individual home buyers to decide their level of tolerance for intrusion and crime.

I have been looking carefully at Bel Etage/Savenna/Salviati homes because as you pointed out, they are quality homes with large lot sizes. One other problem with these neighborhoods is poor visibility while accessing Camino del Sur from Coyote Bush and Four Gee Rd, especially when it’s foggy. They need a stoplight but apparently it’s too expensive.

[HomeShopping]

Cabal, well, at least you admit that Bel Etage and Savenna needed to install security cameras because of vandalism and unauthorized access. It’s up to individual home buyers to decide their level of tolerance for intrusion and crime.

I have been looking carefully at Bel Etage/Savenna/Salviati homes because as you pointed out, they are quality homes with large lot sizes. One other problem with these neighborhoods is poor visibility while accessing Camino del Sur from Coyote Bush and Four Gee Rd, especially when it’s foggy. They need a stoplight but apparently it’s too expensive.

[HomeShopping]

Cabal, well, at least you admit that Bel Etage and Savenna needed to install security cameras because of vandalism and unauthorized access. It’s up to individual home buyers to decide their level of tolerance for intrusion and crime.

I have been looking carefully at Bel Etage/Savenna/Salviati homes because as you pointed out, they are quality homes with large lot sizes. One other problem with these neighborhoods is poor visibility while accessing Camino del Sur from Coyote Bush and Four Gee Rd, especially when it’s foggy. They need a stoplight but apparently it’s too expensive.

[HomeShopping]

Cabal, well, at least you admit that Bel Etage and Savenna needed to install security cameras because of vandalism and unauthorized access. It’s up to individual home buyers to decide their level of tolerance for intrusion and crime.

I have been looking carefully at Bel Etage/Savenna/Salviati homes because as you pointed out, they are quality homes with large lot sizes. One other problem with these neighborhoods is poor visibility while accessing Camino del Sur from Coyote Bush and Four Gee Rd, especially when it’s foggy. They need a stoplight but apparently it’s too expensive.

[Author]

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