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  • January 10, 2008 at 9:55 PM #11460
    paramount
    Participant

    I spent part of this past week looking at new homes and foreclosures.

    New Builders:

    Centex/Stratford: Largest model (2750 sq. ft) now starting at 375k, when I looked just 2 months ago that same model was 393k.

    Lennar/Stonebriar: Largest model (3600 sq. ft.) at 493k, no other models available.

    One interesting note: As I walked around the models in the early afternoon today, I didn’t hear ANY sounds of construction.

    With little exception, construction has ceased in Wolf Creek.

    Foreclosures:

    A nice size home (~2300 sq. ft.) in Crowne Hill can be had for <300k - may need new carpet and paint but otherwise not bad.

    January 10, 2008 at 10:19 PM #133947
    Anonymous
    Guest

    Ok, this is what I don’t understand: why are the new home builders continuing to promote these high prices? I understand centex dropped their price 18K at stratford, but shouldn’t it be more? I wouldn’t imagine they’re selling anything right now. This concerns me because when I buy, I’m leaning towards new.

    However, like another poster said, I’m buying when there is blood in the streets.

    January 10, 2008 at 10:19 PM #134242
    Anonymous
    Guest

    Ok, this is what I don’t understand: why are the new home builders continuing to promote these high prices? I understand centex dropped their price 18K at stratford, but shouldn’t it be more? I wouldn’t imagine they’re selling anything right now. This concerns me because when I buy, I’m leaning towards new.

    However, like another poster said, I’m buying when there is blood in the streets.

    January 10, 2008 at 10:19 PM #134140
    Anonymous
    Guest

    Ok, this is what I don’t understand: why are the new home builders continuing to promote these high prices? I understand centex dropped their price 18K at stratford, but shouldn’t it be more? I wouldn’t imagine they’re selling anything right now. This concerns me because when I buy, I’m leaning towards new.

    However, like another poster said, I’m buying when there is blood in the streets.

    January 10, 2008 at 10:19 PM #134147
    Anonymous
    Guest

    Ok, this is what I don’t understand: why are the new home builders continuing to promote these high prices? I understand centex dropped their price 18K at stratford, but shouldn’t it be more? I wouldn’t imagine they’re selling anything right now. This concerns me because when I buy, I’m leaning towards new.

    However, like another poster said, I’m buying when there is blood in the streets.

    January 10, 2008 at 10:19 PM #134203
    Anonymous
    Guest

    Ok, this is what I don’t understand: why are the new home builders continuing to promote these high prices? I understand centex dropped their price 18K at stratford, but shouldn’t it be more? I wouldn’t imagine they’re selling anything right now. This concerns me because when I buy, I’m leaning towards new.

    However, like another poster said, I’m buying when there is blood in the streets.

    January 10, 2008 at 10:29 PM #134218
    paramount
    Participant

    Stratford has a long way to go down IMO, I am sort of leaning towards $100/sq. ft. – I think that is realistic. Right now Stratford is at $136/sq. ft. The have taken many lots off of the market – as far as I can tell there is no new construction occurring there right now.

    Lennar: Very nice homes actually, and the area is pretty nice I think as well, but again at $130+ /sq. ft. they are way over priced. I would buy that model for 350-370k no problem.

    January 10, 2008 at 10:29 PM #134257
    paramount
    Participant

    Stratford has a long way to go down IMO, I am sort of leaning towards $100/sq. ft. – I think that is realistic. Right now Stratford is at $136/sq. ft. The have taken many lots off of the market – as far as I can tell there is no new construction occurring there right now.

    Lennar: Very nice homes actually, and the area is pretty nice I think as well, but again at $130+ /sq. ft. they are way over priced. I would buy that model for 350-370k no problem.

    January 10, 2008 at 10:29 PM #134162
    paramount
    Participant

    Stratford has a long way to go down IMO, I am sort of leaning towards $100/sq. ft. – I think that is realistic. Right now Stratford is at $136/sq. ft. The have taken many lots off of the market – as far as I can tell there is no new construction occurring there right now.

    Lennar: Very nice homes actually, and the area is pretty nice I think as well, but again at $130+ /sq. ft. they are way over priced. I would buy that model for 350-370k no problem.

    January 10, 2008 at 10:29 PM #134155
    paramount
    Participant

    Stratford has a long way to go down IMO, I am sort of leaning towards $100/sq. ft. – I think that is realistic. Right now Stratford is at $136/sq. ft. The have taken many lots off of the market – as far as I can tell there is no new construction occurring there right now.

    Lennar: Very nice homes actually, and the area is pretty nice I think as well, but again at $130+ /sq. ft. they are way over priced. I would buy that model for 350-370k no problem.

    January 10, 2008 at 10:29 PM #133962
    paramount
    Participant

    Stratford has a long way to go down IMO, I am sort of leaning towards $100/sq. ft. – I think that is realistic. Right now Stratford is at $136/sq. ft. The have taken many lots off of the market – as far as I can tell there is no new construction occurring there right now.

    Lennar: Very nice homes actually, and the area is pretty nice I think as well, but again at $130+ /sq. ft. they are way over priced. I would buy that model for 350-370k no problem.

    January 11, 2008 at 5:34 AM #134225
    robyns_song
    Participant

    Just because that’s what they list their prices at doesn’t mean they are selling them at that price or wouldn’t accept an offer far below that price. I know someone who bought from Centex in Sacramento…they made an offer of $75K off a $400K home. Centex ended up accepting $50K off and threw in $75K in upgrades. Not that I think it’s a great deal necessarily, but it’s something to keep in mind. Paying full price is so two years ago…

    January 11, 2008 at 5:34 AM #134233
    robyns_song
    Participant

    Just because that’s what they list their prices at doesn’t mean they are selling them at that price or wouldn’t accept an offer far below that price. I know someone who bought from Centex in Sacramento…they made an offer of $75K off a $400K home. Centex ended up accepting $50K off and threw in $75K in upgrades. Not that I think it’s a great deal necessarily, but it’s something to keep in mind. Paying full price is so two years ago…

    January 11, 2008 at 5:34 AM #134032
    robyns_song
    Participant

    Just because that’s what they list their prices at doesn’t mean they are selling them at that price or wouldn’t accept an offer far below that price. I know someone who bought from Centex in Sacramento…they made an offer of $75K off a $400K home. Centex ended up accepting $50K off and threw in $75K in upgrades. Not that I think it’s a great deal necessarily, but it’s something to keep in mind. Paying full price is so two years ago…

    January 11, 2008 at 5:34 AM #134289
    robyns_song
    Participant

    Just because that’s what they list their prices at doesn’t mean they are selling them at that price or wouldn’t accept an offer far below that price. I know someone who bought from Centex in Sacramento…they made an offer of $75K off a $400K home. Centex ended up accepting $50K off and threw in $75K in upgrades. Not that I think it’s a great deal necessarily, but it’s something to keep in mind. Paying full price is so two years ago…

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