Serenity Stonebridge Estate Scripps Ranch Home Pricing

[ocrenter]

[quote=kkun]The particular lot I was interested is lot #90- it’s a corner lot at cross section of Whispering Ridge & Carowind lane. It’s a very large lot, no views at back.

Any thoughts on right price per sqft or the whole house?

Based on some research, resale houses, especially the short-sell or foreclosure homes are ~15% lower ppsqft. I am in no hurry, so can wait. is there seasonality impacts on home pricing in SD?[/quote]

I would wait if I were you. In all likelihood the toll bros offerings will demonstrate that serenity is an inferior product. Toll will likely pull buyers away from serenity if they price everything well, or at least within reach of a would be serenity buyer. This may create increased pressure to lower prices on the last few serenity homes. At the same time, keep your eyes open on the resales as well. And throw a couple of hail marys with the short sale offerings. That would be the best strategy at this time.

[ocrenter]

Another thing to keep in mind is the cost of the land. Brookfield purchased the serenity lots at the peak of the bubble in the 500k range. Post bubble prices for stonebridge lots averaged 350k.

This is why similar sized cityventure viscaya homes backing to steep slope like the serenity home you are interested in ended up going for the high 700k range. Toll bros also has this advantage compared to serenity as they also purchased their lots at the post bubble 350k price. Hopefully this will be translated to their asking price just like cityventure.

[ocrenter]

Another thing to keep in mind is the cost of the land. Brookfield purchased the serenity lots at the peak of the bubble in the 500k range. Post bubble prices for stonebridge lots averaged 350k.

This is why similar sized cityventure viscaya homes backing to steep slope like the serenity home you are interested in ended up going for the high 700k range. Toll bros also has this advantage compared to serenity as they also purchased their lots at the post bubble 350k price. Hopefully this will be translated to their asking price just like cityventure.

[ocrenter]

Another thing to keep in mind is the cost of the land. Brookfield purchased the serenity lots at the peak of the bubble in the 500k range. Post bubble prices for stonebridge lots averaged 350k.

This is why similar sized cityventure viscaya homes backing to steep slope like the serenity home you are interested in ended up going for the high 700k range. Toll bros also has this advantage compared to serenity as they also purchased their lots at the post bubble 350k price. Hopefully this will be translated to their asking price just like cityventure.

[ocrenter]

Another thing to keep in mind is the cost of the land. Brookfield purchased the serenity lots at the peak of the bubble in the 500k range. Post bubble prices for stonebridge lots averaged 350k.

This is why similar sized cityventure viscaya homes backing to steep slope like the serenity home you are interested in ended up going for the high 700k range. Toll bros also has this advantage compared to serenity as they also purchased their lots at the post bubble 350k price. Hopefully this will be translated to their asking price just like cityventure.

[ocrenter]

Another thing to keep in mind is the cost of the land. Brookfield purchased the serenity lots at the peak of the bubble in the 500k range. Post bubble prices for stonebridge lots averaged 350k.

This is why similar sized cityventure viscaya homes backing to steep slope like the serenity home you are interested in ended up going for the high 700k range. Toll bros also has this advantage compared to serenity as they also purchased their lots at the post bubble 350k price. Hopefully this will be translated to their asking price just like cityventure.

[bluehairdave]

[quote=kcal09]Serenity homes are very popular due to great floor plans and relatively reasonable price per sqft. Resale homes are probably the better deal now. The home below just sold for slightly over $1 million.
This is a little bit high. I think a price in the low $900k is more reasonable.

http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131%5B/quote%5D

I wonder how they get their info for this since the house isnt finished and thus closed escrow yet. That price is about 100k more than everyone else paid on that side of the street.

[bluehairdave]

[quote=kcal09]Serenity homes are very popular due to great floor plans and relatively reasonable price per sqft. Resale homes are probably the better deal now. The home below just sold for slightly over $1 million.
This is a little bit high. I think a price in the low $900k is more reasonable.

http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131%5B/quote%5D

I wonder how they get their info for this since the house isnt finished and thus closed escrow yet. That price is about 100k more than everyone else paid on that side of the street.

[bluehairdave]

[quote=kcal09]Serenity homes are very popular due to great floor plans and relatively reasonable price per sqft. Resale homes are probably the better deal now. The home below just sold for slightly over $1 million.
This is a little bit high. I think a price in the low $900k is more reasonable.

http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131%5B/quote%5D

I wonder how they get their info for this since the house isnt finished and thus closed escrow yet. That price is about 100k more than everyone else paid on that side of the street.

[bluehairdave]

[quote=kcal09]Serenity homes are very popular due to great floor plans and relatively reasonable price per sqft. Resale homes are probably the better deal now. The home below just sold for slightly over $1 million.
This is a little bit high. I think a price in the low $900k is more reasonable.

http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131%5B/quote%5D

I wonder how they get their info for this since the house isnt finished and thus closed escrow yet. That price is about 100k more than everyone else paid on that side of the street.

[bluehairdave]

[quote=kcal09]Serenity homes are very popular due to great floor plans and relatively reasonable price per sqft. Resale homes are probably the better deal now. The home below just sold for slightly over $1 million.
This is a little bit high. I think a price in the low $900k is more reasonable.

http://www.sdlookup.com/MLS-110007889-14574_Whispering_Ridge_Rd_San_Diego_CA_92131%5B/quote%5D

I wonder how they get their info for this since the house isnt finished and thus closed escrow yet. That price is about 100k more than everyone else paid on that side of the street.

[kcal09]

This is a traditional sale, but price seems a little high despite the resort-like backyard.

http://www.sdlookup.com/MLS-110062156-15139_Almond_Orchard_Ln_San_Diego_CA_92131

[ocrenter]

[quote=kcal09]This is a traditional sale, but price seems a little high despite the resort-like backyard.

http://www.sdlookup.com/MLS-110062156-15139_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

Typical football player. They always go all out on the landscape and the interior.

[Essbee]

Is that one of the Chargers’ house? or a true blue super-fan’s house?

The jerseys I can see are Shawn Merriman (#56) and Antonio Gates (#85). (yes, I had to use google to figure that out). Honestly, I wouldn’t expect a pro football player to put anyone’s jersey except his own on the wall.

[ltsddd]

[quote=kcal09]This is a traditional sale, but price seems a little high despite the resort-like backyard.

http://www.sdlookup.com/MLS-110062156-15139_Almond_Orchard_Ln_San_Diego_CA_92131%5B/quote%5D

Indeed very nice backyard. On the other hand is all the upgrades and landscaping really worth a $800K premium over this one?

http://www.sdlookup.com/Property-4C32F809-14661_Old_Creek_Rd_San_Diego_CA_92131

Speaking of StonedBridge, is it on its way down to $150/sqft?

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