Actually the price has really come down in Santaluz over the past several years. A million bucks buys you quite a bit more than it used to here. I’ve been watching the market here for a few years.
A million bucks or a little bit more can get you a 4,000 sq. foot house now…not just a 2,000 sq. ft. casita.
While I realize that you can’t compare 4S Ranch with Santaluz because there is a gap in the prices…. You still have to look at what you get relative to what you are paying.
I realize that many buying in 4S Ranch to begin with are really reaching to buy there. All I’m saying is I guess I’d probably just wait and save up more to buy in a better area if possible.
When we were looking this summer….I saw some totally mediocre houses in 4S Ranch for the $800’s. And in Carmel Valley houses literally piled on top of one another with 5 neighbors looking into your back yard (Pacific Highlands Ranch) were over $1 million.
I just will never understand the logic of spending a million bucks there in Carmel Valley with houses piled on top of one another vs. other areas.
Yes, I realize there aren’t Mello Roos in much of Carmel Valley but I would have thought that someone buying a $1 million house won’t get broken by an extra $6,000 a year in MR taxes….but I guess that’s not the case. People are really stretching here in many areas.
But a million bucks sure buys a heck of a lot more than it used to in this neck of the woods.
