A FSBO just came up in Saratoga. It's a 3 bedroom Plan 3 (the largest) for $1.175. It's on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.
I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I've seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.
Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.
Anybody know if the house on Harvest Run closed and what price it closed for?
Good luck for 1.175 million at Saratoga in today's market. Again, if you went into Saratoga, and compare that to things that La Estrada, Sea Country, it's a world of difference. Buyer would first notice that saratoga has low ceiling, the likes of the Shores, Sannoset, etc. It's just different. Anyway, not trying to debate here, because there are knife catchers. But if you check out the mls listings on say houserebate.com, and do a search on 92130, you'll notice there a a flood of SFH right now in the 1-1.2 million range that offer much more than the larget saratoga unit. When it comes to upgrades, there a limit in how much you can carry that into a selling cost. Simply because the first thing people like to do when they move in is remodel.
High ceiling ,close to Torrey Hills Park, away from the power lines away from the cell phone tower. Close to 3000sqft (I believe that's larger than most Saratoga units) and some with a canyon view. Also, nice HOA of $17/month as opposed to $100-$200.
And oh my, have prices fallen.
Can't speak for DH. But again, comparables like Lexington are listed near or at what the asking of plan 3 DH.
