[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures in this area and the new homes are moving very slowly. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold. Also, the high Mello Roos is scaring a lot of homebuyers away.

[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures in this area and the new homes are moving very slowly. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold. Also, the high Mello Roos is scaring a lot of homebuyers away.

[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures in this area and the new homes are moving very slowly. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold. Also, the high Mello Roos is scaring a lot of homebuyers away.

[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures and the new homes are sitting without buyers. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold.

[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures and the new homes are sitting without buyers. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold.

[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures and the new homes are sitting without buyers. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold.

[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures and the new homes are sitting without buyers. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold.

[sunny88]

It is not a big surprise that San Diego is amongst the top 10 worst real estate markets. Just look at the new homes currently sold in “Stonebridge”. There are a lot of foreclosures and the new homes are sitting without buyers. Despite the slow market the builders have not be willing to lower the prices to a reasonable level which would be around $200 per sqft. As long as there is such a surplus of preexisting homes the new homes will not be sold.

[sunny88]

I agree, I’m just surprised how somebody is willing to spend over $1 million to buy a home in the middle of nowhere and pay an additional $6,000+ in Mello Roos for no infrastructure except access roads and some hiking paths.

[sunny88]

I agree, I’m just surprised how somebody is willing to spend over $1 million to buy a home in the middle of nowhere and pay an additional $6,000+ in Mello Roos for no infrastructure except access roads and some hiking paths.

[sunny88]

I agree, I’m just surprised how somebody is willing to spend over $1 million to buy a home in the middle of nowhere and pay an additional $6,000+ in Mello Roos for no infrastructure except access roads and some hiking paths.

[sunny88]

I agree, I’m just surprised how somebody is willing to spend over $1 million to buy a home in the middle of nowhere and pay an additional $6,000+ in Mello Roos for no infrastructure except access roads and some hiking paths.

[sunny88]

I agree, I’m just surprised how somebody is willing to spend over $1 million to buy a home in the middle of nowhere and pay an additional $6,000+ in Mello Roos for no infrastructure except access roads and some hiking paths.

[sunny88]

Scripps Preserve has indeed lowered the price for some of their homes. Model 1 homes are being offered for around $900k (4,600 sqft), model 2 homes start at $950k (4,750 sqft)and model 3 homes (5,400 sqft) at $1,140k. I think they are willing to negotiate even better prices now due to the slow economy. The drawback of these homes is that nice upgrades and landscaping are quite expensive due to the size of the homes (lots). Also, the location is very inconvenient as the homes are in the far east end of Stonebridge. I can only imagine how bad the traffic will be once Stonebridge has been built out.
This is a recent press release: “In time for holiday celebrations in their new homes, Phase 4 homeowners have begun moving in at Scripps Preserve at The Estates at Stonebridge, according to the builder, Davidson Communities. With the model homes all sold and the final homes now under construction, the neighborhood of luxury home is nearing completion. Just eight homes remain available for sale.”
Personally, I like “Serenity”, but my understanding is that these are cheaper versions of the “Calabria” models.

[sunny88]

Scripps Preserve has indeed lowered the price for some of their homes. Model 1 homes are being offered for around $900k (4,600 sqft), model 2 homes start at $950k (4,750 sqft)and model 3 homes (5,400 sqft) at $1,140k. I think they are willing to negotiate even better prices now due to the slow economy. The drawback of these homes is that nice upgrades and landscaping are quite expensive due to the size of the homes (lots). Also, the location is very inconvenient as the homes are in the far east end of Stonebridge. I can only imagine how bad the traffic will be once Stonebridge has been built out.
This is a recent press release: “In time for holiday celebrations in their new homes, Phase 4 homeowners have begun moving in at Scripps Preserve at The Estates at Stonebridge, according to the builder, Davidson Communities. With the model homes all sold and the final homes now under construction, the neighborhood of luxury home is nearing completion. Just eight homes remain available for sale.”
Personally, I like “Serenity”, but my understanding is that these are cheaper versions of the “Calabria” models.

[Author]

Posts