U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-27-2012, 10:21 PM
 
Location: Prosper
6,268 posts, read 12,101,075 times
Reputation: 9325

Advertisements

That's wonderful news! I live in Winding Creek myself, and was none too happy about the $170k price point. (It's still a bit lower than it should be, the area they are building is in between 4-500k homes on one side, and 2-300k homes on the other, so it should have been 3-400k homes being built.
Reply With Quote Quick reply to this message

 
Old 07-28-2012, 09:11 AM
 
Location: Texas
23 posts, read 63,954 times
Reputation: 21
Quote:
Originally Posted by txgolfer130 View Post
Wanted to update on the situation that was being spoken of.

After some "intense" communication from the HOA v. Builder(s), Silver Oakes Estates has changed their price point from 170's to the 185's going up to $255's I believe. Now there are also two other builders that have come into the area Meritage & a custom builder that are in the low 300's to mid 400's almost 100 yds up the street.

A lot of homeowners have pulled their homes and are waiting to see how things are going to develop.

Just FYI.
Thank you for the update. I decided to go with Ashton Woods in Winding Creek and was wondering about this. I've been watching the Beazer website and noticed they finally put up floor plans and prices a couple of weeks ago and I saw them starting at the $189,990 mark then yesterday I noticed they changed the sign from $170s to $180s. The area really is a nice area though. I did look at Beazer homes in Frisco when I was home shopping and did feel they built a nice product. My guess is most of their homes will be over $200 because the smallest floor plan is $189,990 next one is $197,990 then everything else was over $200 on the website. I doubt many people will be getting the 1st floor plan because it's so small(1651 sq) and after you add upgrades to the second floor plan it would be over $200. I think it will ok now. I love the area! I moved from Plano.
Reply With Quote Quick reply to this message
 
Old 07-29-2012, 07:40 PM
 
1,162 posts, read 2,000,824 times
Reputation: 639
Beazer is also building in nearby Prosper.Wildwood Estates in Prosper starts at $250,000....
Reply With Quote Quick reply to this message
 
Old 07-29-2012, 10:52 PM
 
Location: Texas
5,774 posts, read 6,653,219 times
Reputation: 2856
Quote:
Originally Posted by Jazzy_2010 View Post
Thank you for the update. I decided to go with Ashton Woods in Winding Creek and was wondering about this. I've been watching the Beazer website and noticed they finally put up floor plans and prices a couple of weeks ago and I saw them starting at the $189,990 mark then yesterday I noticed they changed the sign from $170s to $180s. The area really is a nice area though. I did look at Beazer homes in Frisco when I was home shopping and did feel they built a nice product. My guess is most of their homes will be over $200 because the smallest floor plan is $189,990 next one is $197,990 then everything else was over $200 on the website. I doubt many people will be getting the 1st floor plan because it's so small(1651 sq) and after you add upgrades to the second floor plan it would be over $200. I think it will ok now. I love the area! I moved from Plano.

LOL. Welcome to the area neighbor!
Reply With Quote Quick reply to this message
 
Old 08-04-2012, 07:03 AM
 
Location: Texas
23 posts, read 63,954 times
Reputation: 21
Quote:
Originally Posted by txgolfer130 View Post
LOL. Welcome to the area neighbor!
Thank you!
Reply With Quote Quick reply to this message
 
Old 10-02-2012, 12:17 PM
 
Location: Texas
5,774 posts, read 6,653,219 times
Reputation: 2856
Just a little update. Was able to sneak in a quick walk through in the model/sales office after B.S.'ing w/ the workers. Gotta say, it seems like a really nice plan and so far a nice product. A little small, in the rooms, but for the price/sq. ft. + area it's gonna be pretty nice.
Reply With Quote Quick reply to this message
 
Old 10-02-2012, 12:22 PM
 
Location: Prosper
6,268 posts, read 12,101,075 times
Reputation: 9325
I still think it's going to depress the values of the surrounding homes a bit, but we'll have to wait and see.
Reply With Quote Quick reply to this message
 
Old 10-02-2012, 10:49 PM
 
Location: Texas
5,774 posts, read 6,653,219 times
Reputation: 2856
Quote:
Originally Posted by MckinneyOwnr View Post
I still think it's going to depress the values of the surrounding homes a bit, but we'll have to wait and see.
Probably, it will certainly cap some areas to an extent (new vs. existing), but the $5-600K aren't in the same price point anyway, and are more of a custom builder only, so those won't be affected. The new Meritage section is selling like hot cakes regardless and Ashton Woods is now almost 80% sold on their allotment. Sumer, I believe is more than 60%, so it's not really affecting them much.
Reply With Quote Quick reply to this message
 
Old 10-03-2012, 07:37 AM
 
Location: Prosper
6,268 posts, read 12,101,075 times
Reputation: 9325
I think even the $500-600k homes will feel it a bit, and will probably be "capped" a bit. A lot of those homes were going for $1mil or more at the peak, now they will probably never be valued that high again.

If the average price ends up being around $220-230k, then I don't think it will depress values too much, because the average price of Hillside (according to Zillow) is probably around $250k. Starting at $189 though, that means either people will need to opt for a lot of options, or the bigger floor plans to keep the average price well into the $200's.

Anything much less than that though, I think it'll be detrimental to the other neighborhoods.
Reply With Quote Quick reply to this message
 
Old 10-03-2012, 09:15 AM
 
Location: Texas
5,774 posts, read 6,653,219 times
Reputation: 2856
The $1MM homes were always far over valued. They are selling for what is approx. right for that area ($118-125) sq ft. at this time. I think when they come back they'll be back into the $130-135 range. When they were selling for $150-155 that was just plain folly.

The $500-600k homes won't feel it a bit. They're selling at fair value and will only increase as they finish building out. They won't return to the mid to high $700k again. Those people who bought in mid-late '07 will always be taking a haircut on that area.

In Hillside (zillow is very inflated) most of the homes (custom) were in the $235-275k range, and the Centex homes were in the $220-255k range. There were some homes bought there in early '07 who paid in the low $300's. Those people are just holding on to try and get most of it back. They won't. Hillside is selling in the $79-$82 sq ft. range ~ at least the inventory that is moving within 6-mo's or so of listing. Silver Oaks will cap this area to the $90-100 range max, as Silver Oaks is starting in the low $80/sq ft for most. Early buyers are screwed, new to the area buyers will still make some profit.

Clifton Park I believe is still listing in the $105-110 sq ft. but selling @ $97-100.

Would I have liked it to start as they said they were going to, sure. Starting at $210k would have been awesome and would have only capped Hillside to the high 90 to mid $100 sq./ft. range. But at least they're not still starting in the $170's. Also, after talking to the sales lady there will be only 8-10 lots where the smallest floor plan will be built. But only 4-6 lots where the biggest can be built. So a majority of everything will be in the $200-240k range base. Meritage @ Spring Lake Estates is going to be in the $345-355k range.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top