Standard Pacific Homes in Santee Still Overpriced?

[sunny88]

We visited the models and the avaiable homes again last weekend. There are currently 2 plan 6 homes and 1 plan 4 home available, all around $400k. They are also building additional homes which will be completed by May/June 09.
We have not made an offer yet but are leaning towards waiting as the housing market is still going down and there is no rush for us to buy.

[PKMAN]

If you’re in no rush to buy soon, then the obvious smart thing to do is wait. I’m glad to learn that StanPac will proceed to build the last phase of the Canopy Park townhouses (I had feared that they may halt the project), to the east of Stoney Creek. This will complete the community and bring HOA down by about $20/month.

If the next phase will see further price reduction by 15% – 20%, I may buy a unit as investment and rent it out.

[PKMAN]

If you’re in no rush to buy soon, then the obvious smart thing to do is wait. I’m glad to learn that StanPac will proceed to build the last phase of the Canopy Park townhouses (I had feared that they may halt the project), to the east of Stoney Creek. This will complete the community and bring HOA down by about $20/month.

If the next phase will see further price reduction by 15% – 20%, I may buy a unit as investment and rent it out.

[PKMAN]

If you’re in no rush to buy soon, then the obvious smart thing to do is wait. I’m glad to learn that StanPac will proceed to build the last phase of the Canopy Park townhouses (I had feared that they may halt the project), to the east of Stoney Creek. This will complete the community and bring HOA down by about $20/month.

If the next phase will see further price reduction by 15% – 20%, I may buy a unit as investment and rent it out.

[PKMAN]

If you’re in no rush to buy soon, then the obvious smart thing to do is wait. I’m glad to learn that StanPac will proceed to build the last phase of the Canopy Park townhouses (I had feared that they may halt the project), to the east of Stoney Creek. This will complete the community and bring HOA down by about $20/month.

If the next phase will see further price reduction by 15% – 20%, I may buy a unit as investment and rent it out.

[PKMAN]

If you’re in no rush to buy soon, then the obvious smart thing to do is wait. I’m glad to learn that StanPac will proceed to build the last phase of the Canopy Park townhouses (I had feared that they may halt the project), to the east of Stoney Creek. This will complete the community and bring HOA down by about $20/month.

If the next phase will see further price reduction by 15% – 20%, I may buy a unit as investment and rent it out.

[Anonymous]

thanks for the update. I really like the units, but dont think they are worth anywhere near 400k. I’m not sure what price it would take to get me to commit, but knowing the whole next phase is coming I dont really have to worry about supply.

[Anonymous]

thanks for the update. I really like the units, but dont think they are worth anywhere near 400k. I’m not sure what price it would take to get me to commit, but knowing the whole next phase is coming I dont really have to worry about supply.

[Anonymous]

thanks for the update. I really like the units, but dont think they are worth anywhere near 400k. I’m not sure what price it would take to get me to commit, but knowing the whole next phase is coming I dont really have to worry about supply.

[Anonymous]

thanks for the update. I really like the units, but dont think they are worth anywhere near 400k. I’m not sure what price it would take to get me to commit, but knowing the whole next phase is coming I dont really have to worry about supply.

[Anonymous]

thanks for the update. I really like the units, but dont think they are worth anywhere near 400k. I’m not sure what price it would take to get me to commit, but knowing the whole next phase is coming I dont really have to worry about supply.

[sunny88]

I agree with you both. We were thinking of offering around $350 k for the plan 4 which already has some nice upgrades incl. wood floor, wiring and appliances. However, given the current market conition we feel more comfortable waiting. I forgot to mention that there is also a plan 5 which is move-in ready. But we didn’t like the floorplan as the living room is too dark. Sales have been slow and I’m sure the prices will come down within the next few months.

[sunny88]

I agree with you both. We were thinking of offering around $350 k for the plan 4 which already has some nice upgrades incl. wood floor, wiring and appliances. However, given the current market conition we feel more comfortable waiting. I forgot to mention that there is also a plan 5 which is move-in ready. But we didn’t like the floorplan as the living room is too dark. Sales have been slow and I’m sure the prices will come down within the next few months.

[sunny88]

I agree with you both. We were thinking of offering around $350 k for the plan 4 which already has some nice upgrades incl. wood floor, wiring and appliances. However, given the current market conition we feel more comfortable waiting. I forgot to mention that there is also a plan 5 which is move-in ready. But we didn’t like the floorplan as the living room is too dark. Sales have been slow and I’m sure the prices will come down within the next few months.

[sunny88]

I agree with you both. We were thinking of offering around $350 k for the plan 4 which already has some nice upgrades incl. wood floor, wiring and appliances. However, given the current market conition we feel more comfortable waiting. I forgot to mention that there is also a plan 5 which is move-in ready. But we didn’t like the floorplan as the living room is too dark. Sales have been slow and I’m sure the prices will come down within the next few months.

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