If they are punching above their weight, don't be afraid to switch contractors or sit them down and walk through the remainder of the project.

I work at a wholesale brokerage and I am seeing more and more price reductions on already discounted homes in OC/LA/Riverside.

Many time the rate adjustment for those programs offsets most of the payment reduction from going interest only.

Anyone worth their weight in salt knows that Zillow comps are crap, and Redfin comps are same.

What I am seeing is low inventory listed at unrealistically high prices... and so yes, there may be "big" price reductions / longer DOM to get those properties to sell. 

I plan on going back to the sellers and asking for some sort of either price reduction or credit.  

I do understand that sf is a huge factor, but so are the bedrooms, stories, garage etc.I trust there must be some form of industry standard, more or less, to figure out what has more weight, in what proportion etc...

Some areas are already seeing price reductions and 5-10% off from the highs.

I have never grown a company to that size so I  don't know how much weight my opinion should hold but if you are looking to scale but maintain efficiency and high quality of service, the first thing that comes to my mind is to go to your current residence and try to really understand what you are doing well what you are not doing well, and what you can do to make sure the foundation of your revenue...the residents...are solid and well taken care of.  

@Misti DelMar Good news - a good realtor is worth their weight in gold and can help you with all of this.