Not even close. In fact, they’re delaying their next phase in order to try and sell off some of their existing inventory.
As far as “the other pardee community they just started across the street,” that would of course be Bridle Ridge. Their first phase, which was about 6 weeks ago, has one house (out of I think eight) sold. If you go in and look at their board that tells you how many are available, though, it shows 4 homes off the market. They claim that they suddenly found out that there’s some problem with the survey lines or something on three of the lots. I’m not sure if they tell everybody who sees that board the reason why those 3 homes are off the market. To me, it looks like they’re trying to make it appear that they’re selling well when they’re not. By “coincidence,” they figure they’ll have that problem fixed and those houses back on the market on Monday (the 19th) right after this weekend’s release. This weekend’s release is of 6 homes with canyon views, which will probably all sell due to their location. After that, their board won’t look so bad when they put those 3 houses back up as available. Instead of having 7 of 8 homes available, they’ll probably have 7 of 14 homes available. Still not a great ratio, and definitely, it seems to me, a sign that things are slowing down significantly in Carmel Valley.
