Tracts within a Community

[z4fanatic]

Kind of a random question, hope someone out there can provide insight. 

Is it better to live in the cheapest, most expensive, or median tract within a community...

Currently there are 4 developed tracts in my community
1 - 1700-2k sq ft price is around mid-high 500's
2 - 2k - 2.2k sq ft price is low 6's - high 6's (tract I purchased)
3 - 2.8k - 3.4k sq ft price is high 8's - mid 9's
4 - 3.8 - 4.5k sq ft price is 1.1 +

There are four more proposed tracts in the community, the sales lady was saying most of these homes will be 1 mil +

Seeing how I purchased near the lower end of the totem pole, would this be beneficial for me later on down the road?  I'm thinking since most homes are close to 1 mil, it makes the community relatively exclusive and desirable, and since I own a cheaper home, it'd be an easier sell in the future?  Lower cost to live within the community?

 

[cubiczirconia]

My two cents:

#2 is a better option. That's mostly the size of a house average family of four needs. If things go downhill, % of loss won't be too steep, and if things pick up, you will make good money. Easy to rent if need be.

I would buy #3 or #4 only if I love the house, and need the space for my family, and can justify my purchase no matter the housing market condition.

 

[irvinehomeowner]

I agree with CZ.... #2 and possibly #3 are the more stable products (assuming they are SFRs).

 

[z4fanatic]

Thanks for the input.  Yeah these are all SFR's, did not want to buy condo/townhouse due to lack of demand from older gen Asians (primary force driving So Cal real estate right now)...

It's scary how fast prices have appreciated, I bought in APR-12 for 614,500, now the same plan is selling for 686,500, and it's still selling out the minute the phase is release...  Guess I got lucky with the timing.