San Diego Housing Market News and Analysis
4S Ranch - (3000+sq/ft update) Pienza / Evergreen / Maybeck
User Forum Topic
Submitted by 4Sbuyer2002 on April 22, 2007 - 4:29pm
EVERGREEN: All phases sold out. Had two confirmed buyers drop out last week. Both were immediately sold: No homes available. Development, including model homes, sold out. Prices of last units sold (Phase 6):
Model 3,002 (sq/ft)
Model 3,342 (sq/ft)
Developer Models (upgraded)
PIENZA: Had phase 6 of 7 release on Saturday with 7 homes available. By 3:00pm on Saturday 6 of the 7 had sold (75% of Pienza homes now sold). Prices of 6 homes sold on Saturday: Note: lot sizes unavailable but in general size of Evergreen (i.e. very small at 5500 to 6500sq ft). 1 home available until next phase release. Prices of most recently sold units:
Model 2901 (sq/ft)
Model 3212 (sq/ft)
Model 3365 (sq/ft)
MAYBECK: Phase 3 of 7 release last week. One home available all others sold. NOTE: These 3000+ sq/ft home have NO BACKYARD. Instead they are in rows with garages in back facing each other. Each home has "large courtyard." I believe this is a first a 3000+ sq/ft home which is essentially a supersized condo with no yard. Hard to call something a "single family home" if it has no backyard. 1 home available until next phase release. Prices of most recently sold units:
Model "Plan 1 w/suite (i.e. full bed w/bath on ground floor) " 3,172 (sq/ft)
Modle "Plan 2 w/suite" 3,438 (sq/ft)
Model "Plan 3 no suite" 3,252 (sq/ft)
Model "Plan 3 w/suite" 3,700 (sq/ft)
AVERAGES OF COSTS RECENTLY SOLD NEW HOMES (Models and Maybeck "super condos" not included):
Price per sqaure foot: $243,000
What does this mean??? New homes are selling with little to no problem. People aren't climbing over the top of each other to buy but builders are having no problems moving the inventor.
The bigger question is . . . where will these prices be one year from now?
a grateful owner . . .
~Active forum topics~