650k for a SFH in Windemere will not be difficult to find. Don't let realtors influence you into thinking that you must get them before they hit the MLS or that we will never find those prices.
They are coming. Why exactly? Foreclosures in Windemere continue to climb as demand is terrible and because of those dreaded Alt-A loans (how else can so many families afford 1.3M homes at the peak? Because of the low monthly payment that does not stay low forever).
And don't get those Alt-A loans confused with subprime. Subprime is for cheap homes and people with bad credit like in Stockton. In places like Windemere, you get people with good credit but must choose stated income and the negative-am monthly option in order to afford the 1.3M home. Sub-prime may be almost over, but Alt-A is the next nightmare.
Finding 650k SFH's will not be the problem. Making sure you can afford the 20% or greater down payment, and getting the loan will be the problem.
As many of the agents have already mentioned, there is not really any way to know for sure if there will be homes for that price range in the future. I would suggest that you work closely with an agent who will be able to provide you information regarding properties on the market and any potenitally coming to the market soon.
Good luck in your search!
Alain Pinel Realtors
There are definately more homes coming on under $650k but to get them before they hit the MLS on a consistent basis would be pretty close to impossible. Within Alain Pinel we usually send out corporate wide emails to notify all agents in our offices of upcoming great deals, but it is not common practice. The best way to do it is to set up a property minder alert system that will notify you and your agent the minute one hits the market and then working with an agent that is ready to move quickly and you must be ready to move just as fast. I would be happy to help you set up such a notification system and even talk about what kind of approach we could take together to accomplish your goals (email@example.com or 925.819.2747)
I hope that helps,