[quote=sdrealtor][quote=matt]3m in LCV is certainly hard to fathom. I don’t see that happening again in at least the next 2 years.[/quote]
I wouldnt make that bet. Camino Serbal was much nicer and went a couple weeks earlier though longer escrow. It will be a bit of an upset if it doesnt go for more though someone who lost out on it may have gone all in on Morera after that defeat
FWIW generally speaking LCV has the best location, lots, amenities and friendliest community feel of the 4 Villages of La Costa neighborhoods but the oldest homes. Like for like they have always traded at a nice premium to the Oaks, Ridge and Greens[/quote]
Agree that we might not be done with LCV in the 3’s. I think as newer homes in worse locations age and are no longer desirable just because they’re newer/bigger, neighborhoods in good spots in SW Carlsbad/Encinitas will continue to pop.
LCV/Santa Fe Trails + Sonata/Arroyo Vista/The Ranch have benefits that the newer/larger communities of La Costa do not in terms of proximity to the beaches and real shopping as well as walkability to K-12 school(s). Anyone can drop in cantina doors or put in the countertop of the year but you can’t physically move your house.
“Neighborhood feel” is of course subjective but we didn’t love the neighborhood feel in LC Oaks. As I’ve shared before we almost moved to LCV after living in LCO “North”—we considered it an upgrade to consider a home that was both smaller and older than what we were selling that was on a gracious lot with mature trees. It was also more expensive than what we were selling, so not a “move-down”. Just a relevant anecdote.
Lastly, I agree with SDR that the smaller ones in better spots do better/hold more firmly even in a volatile market. You had some of those LCO/LCG big ones going for about 800-900k at the bottom with a few short sales in the high 7’s and the Santa Fe Trails/Sonata ones weren’t selling for much less, if at all. Look at the average Santa Fe Trails and Sonata 1998 built homes clocking in at the lowish 2’s while average (no view/minimal upgrades or no cul-de-sac) LCO and LCG homes struggle and sit despite being newer and bigger.
