May 5, 2008
Reader’s Reports: Homes On Esprit Park Now Starting From $549,000
A plugged-in reader in the market for a home at Homes on Esprit Park receives an email from the sales office alluding to some new pricing (“can't release the pricing via email”) with a request to call.
I just spoke with them, and found that some 855 SqF units have just been released for $549k, well under the $600k they were asking for similars across the courtyard just a few weeks ago when I went on a hard hat tour of the site.
Interested parties (and price guarantee holders) take note (or action).
∙ 900 Minnesota: Now And Then [SocketSite]
∙ Homes On Esprit Park: The Foreshadowing Comes To Fruition [SocketSite]
∙ A Price Guarantee From (And Proof Of Price Reductions At) Esprit Park [SocketSite]
First Published: May 5, 2008 8:15 AM
Comments from "Plugged In" Readers
uh oh. the esprit park free fall is starting.
Posted by: Spencer at May 5, 2008 12:49 PM
Ahhh, so what.
I am sure there is something in the price guarantee that explained that prices where only guaranteed for condos in the "real" SF.
The fact that they had to reduce the prices just means these condo's aren't part of the "real" SF.
Those previous buyers should have known they weren't really buying in SF and expected the price declines.
Nothing to see here*
Posted by: badlydrawnbear at May 5, 2008 3:03 PM
The *lack* of comments on SS discussing this additional price reduction may say more about the condo market these days than anything I've read here in awhile.
Posted by: Foolio at May 5, 2008 5:22 PM
We all know that prices can never fall in SF. So this posting must be a mistake. Hence there is nothing to comment on.
Posted by: anon at May 6, 2008 8:15 AM
Signature and Pulte will guarantee your purchase price for two years. That is putting your money where your mouth is.
Here is the post purchase guarantee.
Posted by: jimmythekid at May 6, 2008 8:36 PM
I don't know about Signature but Pulte builds their houses with something similar to cardboard. I know, I worked near the Glashaus site in Emeryville for a year while it was being built. Cheap materials for a shabby design.
Esprit Park on the otherhand is built beautifully, just somewhat of a gnarly out of the way neighborhood.
Posted by: mrbogue at May 7, 2008 12:09 AM