Ah. That’s right. That’s what these were called. La Plage. Scraping grey mater for that one. 2100 sf 3/3 is a good size for a twinhome.
This Winwood one is smaller and older, but not sitting on the 56.
[quote=flu]One thing you are probably are aware of that there is a large glut of townhomes in CV, mainly due to (1) new construction (2) condo conversions[/quote]
Thanks. I had this very discussion last night, how there is pressure on prices in Carmel Valley. The condo prices have fallen considerably. The townhouses/twinhomes are seeing declines. Add to the mix new SFH/McMansions built and financed during the bubble and you have a perfect recipe for depreciation.
IMO, it doesn’t matter if those who bought before 2000 have staying power and didn’t pull out HELOCs and can afford their home. The value in the surrounding perimeter will decline and if you can pick up a new McMansion for 800k, then why buy an older one for 800k.
