nice price drop down in Silhouette @ 4S ranch (~$10K/month since Dec. 2007)

[roughtrader]

By the way, I forgot to ask, did you get yourself on the priority list so you have first pick of the next phase releases?

roughtrader

[oceanbreeze]

One thing I want to remind it’s risky to reserve a new home which will finish building 6 months later or more during market downturn. First, you’ll potentially face price cut down before you close the home; Second, in the 2nd half of this year, the interest rate could go up, the mortgage calculated right now might now work in the future.

In market downturn, the release price must go down or keep flat, there is no way to go up.

Among 4 builders in 4S, Pienza, Silhouettee and Maybeck all are actively to make releases, and I can see they are going to sell model home by end of 2009. The only odd is Chanteclair, which still has 3 unreleased in total 5 releases. The last phase 2 release was back to June 2007, right now we are in May 2008, we still didn’t see phase 3 release yet. Anybody can speculate what Chanteclair wants to do? Hold all the land until the next housing bubble?

[oceanbreeze]

One thing I want to remind it’s risky to reserve a new home which will finish building 6 months later or more during market downturn. First, you’ll potentially face price cut down before you close the home; Second, in the 2nd half of this year, the interest rate could go up, the mortgage calculated right now might now work in the future.

In market downturn, the release price must go down or keep flat, there is no way to go up.

Among 4 builders in 4S, Pienza, Silhouettee and Maybeck all are actively to make releases, and I can see they are going to sell model home by end of 2009. The only odd is Chanteclair, which still has 3 unreleased in total 5 releases. The last phase 2 release was back to June 2007, right now we are in May 2008, we still didn’t see phase 3 release yet. Anybody can speculate what Chanteclair wants to do? Hold all the land until the next housing bubble?

[oceanbreeze]

One thing I want to remind it’s risky to reserve a new home which will finish building 6 months later or more during market downturn. First, you’ll potentially face price cut down before you close the home; Second, in the 2nd half of this year, the interest rate could go up, the mortgage calculated right now might now work in the future.

In market downturn, the release price must go down or keep flat, there is no way to go up.

Among 4 builders in 4S, Pienza, Silhouettee and Maybeck all are actively to make releases, and I can see they are going to sell model home by end of 2009. The only odd is Chanteclair, which still has 3 unreleased in total 5 releases. The last phase 2 release was back to June 2007, right now we are in May 2008, we still didn’t see phase 3 release yet. Anybody can speculate what Chanteclair wants to do? Hold all the land until the next housing bubble?

[oceanbreeze]

One thing I want to remind it’s risky to reserve a new home which will finish building 6 months later or more during market downturn. First, you’ll potentially face price cut down before you close the home; Second, in the 2nd half of this year, the interest rate could go up, the mortgage calculated right now might now work in the future.

In market downturn, the release price must go down or keep flat, there is no way to go up.

Among 4 builders in 4S, Pienza, Silhouettee and Maybeck all are actively to make releases, and I can see they are going to sell model home by end of 2009. The only odd is Chanteclair, which still has 3 unreleased in total 5 releases. The last phase 2 release was back to June 2007, right now we are in May 2008, we still didn’t see phase 3 release yet. Anybody can speculate what Chanteclair wants to do? Hold all the land until the next housing bubble?

[oceanbreeze]

One thing I want to remind it’s risky to reserve a new home which will finish building 6 months later or more during market downturn. First, you’ll potentially face price cut down before you close the home; Second, in the 2nd half of this year, the interest rate could go up, the mortgage calculated right now might now work in the future.

In market downturn, the release price must go down or keep flat, there is no way to go up.

Among 4 builders in 4S, Pienza, Silhouettee and Maybeck all are actively to make releases, and I can see they are going to sell model home by end of 2009. The only odd is Chanteclair, which still has 3 unreleased in total 5 releases. The last phase 2 release was back to June 2007, right now we are in May 2008, we still didn’t see phase 3 release yet. Anybody can speculate what Chanteclair wants to do? Hold all the land until the next housing bubble?

[4spotentialbuyer]

Yes, I am on the priority list. Phase 5, the current one with price reductions, was released in October of 2007 and none were sold…they then sold 1-2 lot and the other lots went unsold. They promised those homeowners a Sept finish date so they reduced the prices of these homes in order to start construction on one batch of homes at a time…This is the theory they are providing as to why future phases may go up as these were homes they needed to built together to make their contractual obligations.

They went back to the orginial 1-2 lots and reduced their prices as these homes were are in the same phase.

I don’t know how much lower home prices would go and I agree, the later lots look weven more cramp.

[4spotentialbuyer]

Yes, I am on the priority list. Phase 5, the current one with price reductions, was released in October of 2007 and none were sold…they then sold 1-2 lot and the other lots went unsold. They promised those homeowners a Sept finish date so they reduced the prices of these homes in order to start construction on one batch of homes at a time…This is the theory they are providing as to why future phases may go up as these were homes they needed to built together to make their contractual obligations.

They went back to the orginial 1-2 lots and reduced their prices as these homes were are in the same phase.

I don’t know how much lower home prices would go and I agree, the later lots look weven more cramp.

[4spotentialbuyer]

Yes, I am on the priority list. Phase 5, the current one with price reductions, was released in October of 2007 and none were sold…they then sold 1-2 lot and the other lots went unsold. They promised those homeowners a Sept finish date so they reduced the prices of these homes in order to start construction on one batch of homes at a time…This is the theory they are providing as to why future phases may go up as these were homes they needed to built together to make their contractual obligations.

They went back to the orginial 1-2 lots and reduced their prices as these homes were are in the same phase.

I don’t know how much lower home prices would go and I agree, the later lots look weven more cramp.

[4spotentialbuyer]

Yes, I am on the priority list. Phase 5, the current one with price reductions, was released in October of 2007 and none were sold…they then sold 1-2 lot and the other lots went unsold. They promised those homeowners a Sept finish date so they reduced the prices of these homes in order to start construction on one batch of homes at a time…This is the theory they are providing as to why future phases may go up as these were homes they needed to built together to make their contractual obligations.

They went back to the orginial 1-2 lots and reduced their prices as these homes were are in the same phase.

I don’t know how much lower home prices would go and I agree, the later lots look weven more cramp.

[4spotentialbuyer]

Yes, I am on the priority list. Phase 5, the current one with price reductions, was released in October of 2007 and none were sold…they then sold 1-2 lot and the other lots went unsold. They promised those homeowners a Sept finish date so they reduced the prices of these homes in order to start construction on one batch of homes at a time…This is the theory they are providing as to why future phases may go up as these were homes they needed to built together to make their contractual obligations.

They went back to the orginial 1-2 lots and reduced their prices as these homes were are in the same phase.

I don’t know how much lower home prices would go and I agree, the later lots look weven more cramp.

[SD Realtor]

“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”

4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.

I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.

SD Realtor

[SD Realtor]

“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”

4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.

I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.

SD Realtor

[SD Realtor]

“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”

4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.

I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.

SD Realtor

[SD Realtor]

“Our Piggington’s realtors and other 4S potential buyers, do you think this is a good price now given that the Phase 1 sales release had prices in the mid 800s? Or do people really think the price will go down further this year?”

4Spotentialbuyer I am sure that if you wait long enough, yes prices will continue to fall. Not to anybodys surprise variability in pricing will be determined by demand or lack thereof which will be influenced by the recession, interest rates, unemployment, etc. It really is a matter of whether the pricing stimulates demand in the timeframe that builders need the sales.

I wish I could give you something definitive but I can’t. One thing that ALWAYS holds true though… Builders will always be more aggressive then resellers so that bodes well for you for the future phases… If you can hold out then hold out.

SD Realtor

[Author]

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