Menu

Home › Forums › Closed Forums › Properties or Areas › what is the update of Tiburon @ Stonebridge – Scripps Ranch?

Viewing 11 posts - 16 through 26 (of 26 total)
1 2
  • Author
    Posts
  • January 28, 2010 at 11:28 PM #506843
    autumn
    Participant

    wow…but not surprised. the other builder did the same thing – Viscaya comm. the former builder sold the remaining lots and the new builder is selling from the high 700’s to low 800’s. plan 2 are gone – believe plan 1 are still avail. wonder if the same situation will apply to Tiburon? localguy is correct about the Tiburon pricing… it’s still up there – but the homes and lots are nice. plse let me know if you have any more updates with the new/potential builder for Tiburon. i’d like to purchase these home (with lower price – i hope). thank you both for your input.

    April 9, 2010 at 8:01 PM #537758
    ocrenter
    Participant

    quite a contrast of builder strategy with Tiburon.

    Both Davidson and Cornerstone purchased lots in the low/mid-500 range at the peak. both started having problems with sales in ’08.

    Davidson decided to finish the developement, selling homes from the high 700’s to mid 900’s but kept up with the quality and protected the integrity of the community.

    Cornerstone took a different approach, keeping the price up, and try to go cheap with Montoro. And now, it looks like the 11 residual lots in Tiburon are sold at a loss of at least $150k each at $360k (total loss of 1.6 million to Cornerstone).

    these lots are being developed by Colrich development, selling single level 3500 sqft and 2 story 3700 sqft homes at $850k.

    In the end, the two builders probably came out of this with the same amount of losses, but I think this is a good example that Davidson is a builder that is truly dedicated to building homes, whereas for Cornerstone the prime and only driver in decisions is finance/profit.

    April 9, 2010 at 8:01 PM #537881
    ocrenter
    Participant

    quite a contrast of builder strategy with Tiburon.

    Both Davidson and Cornerstone purchased lots in the low/mid-500 range at the peak. both started having problems with sales in ’08.

    Davidson decided to finish the developement, selling homes from the high 700’s to mid 900’s but kept up with the quality and protected the integrity of the community.

    Cornerstone took a different approach, keeping the price up, and try to go cheap with Montoro. And now, it looks like the 11 residual lots in Tiburon are sold at a loss of at least $150k each at $360k (total loss of 1.6 million to Cornerstone).

    these lots are being developed by Colrich development, selling single level 3500 sqft and 2 story 3700 sqft homes at $850k.

    In the end, the two builders probably came out of this with the same amount of losses, but I think this is a good example that Davidson is a builder that is truly dedicated to building homes, whereas for Cornerstone the prime and only driver in decisions is finance/profit.

    April 9, 2010 at 8:01 PM #538348
    ocrenter
    Participant

    quite a contrast of builder strategy with Tiburon.

    Both Davidson and Cornerstone purchased lots in the low/mid-500 range at the peak. both started having problems with sales in ’08.

    Davidson decided to finish the developement, selling homes from the high 700’s to mid 900’s but kept up with the quality and protected the integrity of the community.

    Cornerstone took a different approach, keeping the price up, and try to go cheap with Montoro. And now, it looks like the 11 residual lots in Tiburon are sold at a loss of at least $150k each at $360k (total loss of 1.6 million to Cornerstone).

    these lots are being developed by Colrich development, selling single level 3500 sqft and 2 story 3700 sqft homes at $850k.

    In the end, the two builders probably came out of this with the same amount of losses, but I think this is a good example that Davidson is a builder that is truly dedicated to building homes, whereas for Cornerstone the prime and only driver in decisions is finance/profit.

    April 9, 2010 at 8:01 PM #538444
    ocrenter
    Participant

    quite a contrast of builder strategy with Tiburon.

    Both Davidson and Cornerstone purchased lots in the low/mid-500 range at the peak. both started having problems with sales in ’08.

    Davidson decided to finish the developement, selling homes from the high 700’s to mid 900’s but kept up with the quality and protected the integrity of the community.

    Cornerstone took a different approach, keeping the price up, and try to go cheap with Montoro. And now, it looks like the 11 residual lots in Tiburon are sold at a loss of at least $150k each at $360k (total loss of 1.6 million to Cornerstone).

    these lots are being developed by Colrich development, selling single level 3500 sqft and 2 story 3700 sqft homes at $850k.

    In the end, the two builders probably came out of this with the same amount of losses, but I think this is a good example that Davidson is a builder that is truly dedicated to building homes, whereas for Cornerstone the prime and only driver in decisions is finance/profit.

    April 9, 2010 at 8:01 PM #538711
    ocrenter
    Participant

    quite a contrast of builder strategy with Tiburon.

    Both Davidson and Cornerstone purchased lots in the low/mid-500 range at the peak. both started having problems with sales in ’08.

    Davidson decided to finish the developement, selling homes from the high 700’s to mid 900’s but kept up with the quality and protected the integrity of the community.

    Cornerstone took a different approach, keeping the price up, and try to go cheap with Montoro. And now, it looks like the 11 residual lots in Tiburon are sold at a loss of at least $150k each at $360k (total loss of 1.6 million to Cornerstone).

    these lots are being developed by Colrich development, selling single level 3500 sqft and 2 story 3700 sqft homes at $850k.

    In the end, the two builders probably came out of this with the same amount of losses, but I think this is a good example that Davidson is a builder that is truly dedicated to building homes, whereas for Cornerstone the prime and only driver in decisions is finance/profit.

    October 10, 2010 at 9:59 PM #615614
    kcal09
    Participant

    Colrich is currently selling the last 6 homes for between $780k – 850k with some nice upgrades. The prices were just recently reduced by about $50k…

    October 10, 2010 at 9:59 PM #615700
    kcal09
    Participant

    Colrich is currently selling the last 6 homes for between $780k – 850k with some nice upgrades. The prices were just recently reduced by about $50k…

    October 10, 2010 at 9:59 PM #616255
    kcal09
    Participant

    Colrich is currently selling the last 6 homes for between $780k – 850k with some nice upgrades. The prices were just recently reduced by about $50k…

    October 10, 2010 at 9:59 PM #616378
    kcal09
    Participant

    Colrich is currently selling the last 6 homes for between $780k – 850k with some nice upgrades. The prices were just recently reduced by about $50k…

    October 10, 2010 at 9:59 PM #616691
    kcal09
    Participant

    Colrich is currently selling the last 6 homes for between $780k – 850k with some nice upgrades. The prices were just recently reduced by about $50k…

  • Author
    Posts
Viewing 11 posts - 16 through 26 (of 26 total)
1 2
  • The forum ‘Properties or Areas’ is closed to new topics and replies.