[quote=CV]I don’t know about 4S, but in Carmel Valley, new home prices are dropping.
Bridle Ridge:
Plan 1 on Gablewood, originally asking 859,450. Lowered to 796,000, went pending.
Plan 2 on Gablewood, originally asking 913,900, now priced at 848,000.
Plan 3 on Gablewood, originally priced at 919,900, now priced at 847,000.
Plan 3 on Heather Run Ct originally 1,039,900, went down to 997k with upgrades.
Plan 2 on Heather Run Court was 1,028,900, went down to 977k with upgrades.
Plan 3 on Heather Run was 1,012,000 now 997k with upgrades.
Plan 2 on Heather Run was 1,040,900 went down to 992,950 with upgrades.
Pretty rare for a builder to lower their prices on a house rather than try to sell it by offering incentives or free upgrades. Apparently Pardee needs to do all of the above to sell these houses right now.
Also seeing a lot more short sales and REOs (relatively – they’re still small in number) on existing homes in CV. [/quote]
Pardee has no choice but to lower their prices due to locations, locations, locations. Those homes are very close to power poles/lines. Some has nice view of canyon and city but still too close to the poles/lines.
The Manazanita Trail is nice and reasonably priced but the carrying cost (MR & HOA) is about $600 a month, which makes the overall price/cost less desirable.
