Price movement over 3 years in certain RSF and Bay Area homes

[raptorduck]

Right you are again Fat_lazy. Having looked at well over 100 homes in both markets this past year your point could not ring more true.

I have to beg my wife to not compare what you can buy for the $$ here vs. SD.

To say you can buy twice the home in SD is not to tell the whole story. You can buy twice the square footage, twice the lot size, twice the quality, 3 times the amenities, 1/10 the age, 10 times the weather, 1/3 the commute, the same quality of school, 5 times the beach, and 1/2 the stress for the same $$ in SD as you can in the Bay Area.

Really, what I am considering in SD (RSF mind you), were it located in Los Altos Hills, for example, would cost 3 times the price.

[pfflyer]

Raptor,
I have been following your posts because we are in somewhat similar positions; although I am looking for a little less home than you need. My question involves categorizing these homes in price per sf. The land values vary widely in areas and lot sizes as well. I have been trying to get approximate land values (per sf) for these areas and then break out the homes in price per sf. While still very unscientific, it allows you to compare quality of build between two homes more realistically. Have you attempted anything similar or are you locked into an area already (FBR?)

[pfflyer]

Raptor,
I have been following your posts because we are in somewhat similar positions; although I am looking for a little less home than you need. My question involves categorizing these homes in price per sf. The land values vary widely in areas and lot sizes as well. I have been trying to get approximate land values (per sf) for these areas and then break out the homes in price per sf. While still very unscientific, it allows you to compare quality of build between two homes more realistically. Have you attempted anything similar or are you locked into an area already (FBR?)

[pfflyer]

Raptor,
I have been following your posts because we are in somewhat similar positions; although I am looking for a little less home than you need. My question involves categorizing these homes in price per sf. The land values vary widely in areas and lot sizes as well. I have been trying to get approximate land values (per sf) for these areas and then break out the homes in price per sf. While still very unscientific, it allows you to compare quality of build between two homes more realistically. Have you attempted anything similar or are you locked into an area already (FBR?)

[pfflyer]

Raptor,
I have been following your posts because we are in somewhat similar positions; although I am looking for a little less home than you need. My question involves categorizing these homes in price per sf. The land values vary widely in areas and lot sizes as well. I have been trying to get approximate land values (per sf) for these areas and then break out the homes in price per sf. While still very unscientific, it allows you to compare quality of build between two homes more realistically. Have you attempted anything similar or are you locked into an area already (FBR?)

[pfflyer]

Raptor,
I have been following your posts because we are in somewhat similar positions; although I am looking for a little less home than you need. My question involves categorizing these homes in price per sf. The land values vary widely in areas and lot sizes as well. I have been trying to get approximate land values (per sf) for these areas and then break out the homes in price per sf. While still very unscientific, it allows you to compare quality of build between two homes more realistically. Have you attempted anything similar or are you locked into an area already (FBR?)

[raptorduck]

I have. In fact, I have done all kinds of different comparisons: price/sf for lot, house, build quality, bedrooms, size of garage, amenities/upgrades/finishes etc, schools, angle vs sun, attractiveness of neighbors, you name it. It is the nerd in me.

I just picked $/sf for size as a convenient way to compare these homes. It is very hard to compare homes in different neighborhoods in terms of price, let alone towns. It is easier to compare FBR homes to other FBR homes or Cielo to Cielo etc in terms of price.

As for quality, that is much easier to do. I have referred to a house up here that is over 6,000sf and under $5m, which makes it very very cheap for the size as that price usually gets you 4,000-5,000sf and that size usually costs over $6m-$8m due to >5k sf being so rare here. But the build quality of the house is very low, lot very odd shapped, location horrible (on top of a major freeway, literally), and design a boring box.

Homes in Cielo also vary a bit in build quality. The huge one above is not horrible build quality and design, but it is lower than any other house I have seen there and some have outstanding build quality. Santaluz seems to have very high build quality. FBR, though older also has very high build quality. The covenant seems to vary quite a bit as well. And I am speaking of build quality, not finishes (ie. fully loaded vs. spartin).

The lot sizes of the homes I listed above are generally around 1-2 acres, except for Los Altos, where they run .25-.5 acres. Indeed, homes in Meadows Del Mar in CV are about as expensive as RSF and Santaluz in $/sf or more so, but the lots are .5 acres or less for the most part. What you loose in lot size, you gain in commute and other conveniences.

Alas, I prefer that large lot for privacy. My current lot is a whopping 4,000sf with a 2,600sf 4br house on it. Not only can I see my neighbor’s house, I can hear him breathing, burping, sneezing, an snoring. At least it is a corner lot and he is a good neighbor, but I want and need as far away from that as possible.

And at 18 yrs old, it is considered a newer home up here. Go figure. It is about the exact kind of house and neighborhood you would find in some older parts of CV. In fact, I bought it while I lived in CV and did so because it was the only neighborhood up here that made me feel like I was still in CV.

[raptorduck]

I have. In fact, I have done all kinds of different comparisons: price/sf for lot, house, build quality, bedrooms, size of garage, amenities/upgrades/finishes etc, schools, angle vs sun, attractiveness of neighbors, you name it. It is the nerd in me.

I just picked $/sf for size as a convenient way to compare these homes. It is very hard to compare homes in different neighborhoods in terms of price, let alone towns. It is easier to compare FBR homes to other FBR homes or Cielo to Cielo etc in terms of price.

As for quality, that is much easier to do. I have referred to a house up here that is over 6,000sf and under $5m, which makes it very very cheap for the size as that price usually gets you 4,000-5,000sf and that size usually costs over $6m-$8m due to >5k sf being so rare here. But the build quality of the house is very low, lot very odd shapped, location horrible (on top of a major freeway, literally), and design a boring box.

Homes in Cielo also vary a bit in build quality. The huge one above is not horrible build quality and design, but it is lower than any other house I have seen there and some have outstanding build quality. Santaluz seems to have very high build quality. FBR, though older also has very high build quality. The covenant seems to vary quite a bit as well. And I am speaking of build quality, not finishes (ie. fully loaded vs. spartin).

The lot sizes of the homes I listed above are generally around 1-2 acres, except for Los Altos, where they run .25-.5 acres. Indeed, homes in Meadows Del Mar in CV are about as expensive as RSF and Santaluz in $/sf or more so, but the lots are .5 acres or less for the most part. What you loose in lot size, you gain in commute and other conveniences.

Alas, I prefer that large lot for privacy. My current lot is a whopping 4,000sf with a 2,600sf 4br house on it. Not only can I see my neighbor’s house, I can hear him breathing, burping, sneezing, an snoring. At least it is a corner lot and he is a good neighbor, but I want and need as far away from that as possible.

And at 18 yrs old, it is considered a newer home up here. Go figure. It is about the exact kind of house and neighborhood you would find in some older parts of CV. In fact, I bought it while I lived in CV and did so because it was the only neighborhood up here that made me feel like I was still in CV.

[raptorduck]

I have. In fact, I have done all kinds of different comparisons: price/sf for lot, house, build quality, bedrooms, size of garage, amenities/upgrades/finishes etc, schools, angle vs sun, attractiveness of neighbors, you name it. It is the nerd in me.

I just picked $/sf for size as a convenient way to compare these homes. It is very hard to compare homes in different neighborhoods in terms of price, let alone towns. It is easier to compare FBR homes to other FBR homes or Cielo to Cielo etc in terms of price.

As for quality, that is much easier to do. I have referred to a house up here that is over 6,000sf and under $5m, which makes it very very cheap for the size as that price usually gets you 4,000-5,000sf and that size usually costs over $6m-$8m due to >5k sf being so rare here. But the build quality of the house is very low, lot very odd shapped, location horrible (on top of a major freeway, literally), and design a boring box.

Homes in Cielo also vary a bit in build quality. The huge one above is not horrible build quality and design, but it is lower than any other house I have seen there and some have outstanding build quality. Santaluz seems to have very high build quality. FBR, though older also has very high build quality. The covenant seems to vary quite a bit as well. And I am speaking of build quality, not finishes (ie. fully loaded vs. spartin).

The lot sizes of the homes I listed above are generally around 1-2 acres, except for Los Altos, where they run .25-.5 acres. Indeed, homes in Meadows Del Mar in CV are about as expensive as RSF and Santaluz in $/sf or more so, but the lots are .5 acres or less for the most part. What you loose in lot size, you gain in commute and other conveniences.

Alas, I prefer that large lot for privacy. My current lot is a whopping 4,000sf with a 2,600sf 4br house on it. Not only can I see my neighbor’s house, I can hear him breathing, burping, sneezing, an snoring. At least it is a corner lot and he is a good neighbor, but I want and need as far away from that as possible.

And at 18 yrs old, it is considered a newer home up here. Go figure. It is about the exact kind of house and neighborhood you would find in some older parts of CV. In fact, I bought it while I lived in CV and did so because it was the only neighborhood up here that made me feel like I was still in CV.

[raptorduck]

I have. In fact, I have done all kinds of different comparisons: price/sf for lot, house, build quality, bedrooms, size of garage, amenities/upgrades/finishes etc, schools, angle vs sun, attractiveness of neighbors, you name it. It is the nerd in me.

I just picked $/sf for size as a convenient way to compare these homes. It is very hard to compare homes in different neighborhoods in terms of price, let alone towns. It is easier to compare FBR homes to other FBR homes or Cielo to Cielo etc in terms of price.

As for quality, that is much easier to do. I have referred to a house up here that is over 6,000sf and under $5m, which makes it very very cheap for the size as that price usually gets you 4,000-5,000sf and that size usually costs over $6m-$8m due to >5k sf being so rare here. But the build quality of the house is very low, lot very odd shapped, location horrible (on top of a major freeway, literally), and design a boring box.

Homes in Cielo also vary a bit in build quality. The huge one above is not horrible build quality and design, but it is lower than any other house I have seen there and some have outstanding build quality. Santaluz seems to have very high build quality. FBR, though older also has very high build quality. The covenant seems to vary quite a bit as well. And I am speaking of build quality, not finishes (ie. fully loaded vs. spartin).

The lot sizes of the homes I listed above are generally around 1-2 acres, except for Los Altos, where they run .25-.5 acres. Indeed, homes in Meadows Del Mar in CV are about as expensive as RSF and Santaluz in $/sf or more so, but the lots are .5 acres or less for the most part. What you loose in lot size, you gain in commute and other conveniences.

Alas, I prefer that large lot for privacy. My current lot is a whopping 4,000sf with a 2,600sf 4br house on it. Not only can I see my neighbor’s house, I can hear him breathing, burping, sneezing, an snoring. At least it is a corner lot and he is a good neighbor, but I want and need as far away from that as possible.

And at 18 yrs old, it is considered a newer home up here. Go figure. It is about the exact kind of house and neighborhood you would find in some older parts of CV. In fact, I bought it while I lived in CV and did so because it was the only neighborhood up here that made me feel like I was still in CV.

[raptorduck]

I have. In fact, I have done all kinds of different comparisons: price/sf for lot, house, build quality, bedrooms, size of garage, amenities/upgrades/finishes etc, schools, angle vs sun, attractiveness of neighbors, you name it. It is the nerd in me.

I just picked $/sf for size as a convenient way to compare these homes. It is very hard to compare homes in different neighborhoods in terms of price, let alone towns. It is easier to compare FBR homes to other FBR homes or Cielo to Cielo etc in terms of price.

As for quality, that is much easier to do. I have referred to a house up here that is over 6,000sf and under $5m, which makes it very very cheap for the size as that price usually gets you 4,000-5,000sf and that size usually costs over $6m-$8m due to >5k sf being so rare here. But the build quality of the house is very low, lot very odd shapped, location horrible (on top of a major freeway, literally), and design a boring box.

Homes in Cielo also vary a bit in build quality. The huge one above is not horrible build quality and design, but it is lower than any other house I have seen there and some have outstanding build quality. Santaluz seems to have very high build quality. FBR, though older also has very high build quality. The covenant seems to vary quite a bit as well. And I am speaking of build quality, not finishes (ie. fully loaded vs. spartin).

The lot sizes of the homes I listed above are generally around 1-2 acres, except for Los Altos, where they run .25-.5 acres. Indeed, homes in Meadows Del Mar in CV are about as expensive as RSF and Santaluz in $/sf or more so, but the lots are .5 acres or less for the most part. What you loose in lot size, you gain in commute and other conveniences.

Alas, I prefer that large lot for privacy. My current lot is a whopping 4,000sf with a 2,600sf 4br house on it. Not only can I see my neighbor’s house, I can hear him breathing, burping, sneezing, an snoring. At least it is a corner lot and he is a good neighbor, but I want and need as far away from that as possible.

And at 18 yrs old, it is considered a newer home up here. Go figure. It is about the exact kind of house and neighborhood you would find in some older parts of CV. In fact, I bought it while I lived in CV and did so because it was the only neighborhood up here that made me feel like I was still in CV.

[pfflyer]

I am trying to find the day when these things will be priced back in normal dollars. I haven’t been looking as long as you but feel that we are still way out of whack in terms of price. I can’t compare vs. Norcal (which you feel is much worse) but am wondering what you have found is a reasonable number per sf on a large RSF home well built (not including land.) Is it $250-$300/sf? When you break it out how much should the land be? Is $10- $13 per sf the range in Covenant and FBR? I would think Crosby, Cielo, Santaluz, and CV maybe less. I appreciate you sharing what you have learned.

[pfflyer]

I am trying to find the day when these things will be priced back in normal dollars. I haven’t been looking as long as you but feel that we are still way out of whack in terms of price. I can’t compare vs. Norcal (which you feel is much worse) but am wondering what you have found is a reasonable number per sf on a large RSF home well built (not including land.) Is it $250-$300/sf? When you break it out how much should the land be? Is $10- $13 per sf the range in Covenant and FBR? I would think Crosby, Cielo, Santaluz, and CV maybe less. I appreciate you sharing what you have learned.

[pfflyer]

I am trying to find the day when these things will be priced back in normal dollars. I haven’t been looking as long as you but feel that we are still way out of whack in terms of price. I can’t compare vs. Norcal (which you feel is much worse) but am wondering what you have found is a reasonable number per sf on a large RSF home well built (not including land.) Is it $250-$300/sf? When you break it out how much should the land be? Is $10- $13 per sf the range in Covenant and FBR? I would think Crosby, Cielo, Santaluz, and CV maybe less. I appreciate you sharing what you have learned.

[pfflyer]

I am trying to find the day when these things will be priced back in normal dollars. I haven’t been looking as long as you but feel that we are still way out of whack in terms of price. I can’t compare vs. Norcal (which you feel is much worse) but am wondering what you have found is a reasonable number per sf on a large RSF home well built (not including land.) Is it $250-$300/sf? When you break it out how much should the land be? Is $10- $13 per sf the range in Covenant and FBR? I would think Crosby, Cielo, Santaluz, and CV maybe less. I appreciate you sharing what you have learned.

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