There is a good chance of getting one for 750k. There are two on the market for 775k. I'm sure the builder will be willing to negotiate the 25k difference.

http://www.rockcliff.com/Search/PropDetail.aspx?listingID=12…

http://www.rockcliff.com/Search/PropDetail.aspx?listingID=12…

Hi Ajayd,
I think, thats a decent price and if you can negotiate to that price, with additional closing costs from the builder..I would think its a good deal.

And if thats your price range, and you and your family really love the house, and you are ready to buy ..I would suggest anyone to go ahead and buy. Prices MIGHT drop or MIGHT NOT drop...but at least if you buy in your comfort zone, ups and downs in prices by 10-20K might not matter a lot in long term. Don't miss chances as construction is coming to an end, esp if you are looking for new homes. As per new single family homes after Campton homes, there are only few Lennar Paloma homes that will be left, which are little higher end compared to Campton Homes. Gale Ranch might have homes, but personally WIndermere floor plans are much better if you consider the price range and no power lines.

Hope this helps...

Brookfield has recently reduced prices on their homes. They have only few homes left right now and it is highly likely to get a good deal compared to the other resale homes available on the market.

I have been negotiating with them for my other prospects, so feel free to send me email and I can share further details.

Thanks, Avi

In my observation new house may decline 5%-10% per year if the national economy situation is still bad. But all new developments in Windemere should be finished next year according to the original plan. I have lived in San Ramon for more than ten years. Based on my own house I think that San Ramon house price would drop 40% from peak, no more. it has dropped about 30%-35% for most of houses. The peak time for the low end house price was about 2005 summer; the high end house was about 2006 summer. Buy or not buy is real your personal decision. You have to do your own math to figure out what the best time to buy for yourself (price vs interest rate).

By the way over-optimism of buyers is not only in San Ramon. You also can see them in Antioch and Brentwood, which is the low end house market. Not sure it is due to the government stimulus package or the house price does drop the affordable price. It'll be more clear next year. Do your own homework. One more thing you should realize is that sometimes it is not easy to find a house to fit your budget and meet all your requirements. Good luck.

It is indeed scary to see the over-optimism of buyers in San Ramon. Bidding war has become common now and houses are selling for far more than the list price. In my opinion, this is insane and another mini-bubble is in the making. Rising interest rate will likely soften up the prices soon. A 1% increase in interest rate would depress the prices by 10%. Anyhow, I would say that look at the lowest price a similar house was sold for and don't offer any more than that. San Ramon market is still inflated, so there is no reason for you to pay more. Don't compete with fools and don't get into a bidding war. Anyhow, my 2 cents...

Not too long ago, Brookfield was ready to sell those for under $750K if you negotiated well.

Agree with what Andy says to some extent - San Ramon is highly inflated, the current optimism scary.

If you wait for some time, It will be sold on $540K. The house prices in San Ramon are highly inflated. Builders have fooled people and are fooling them in San Ramon. The market will continue to decline for another two years. The price in San Ramon will decline to 45-47% from it's peak of 2006. If you are planning to buy something in San Ramon, make sure you are covered from upcoming tsunami.

Why not? Similar re-sale houses are selling for $700k.