Everything I’m tracking is SFH. To me, the reduction in condos is a given.
Regarding the $20k increase by Centex, I’d say that’s a clever move, but it’s clearly a psychological play. Even when prices are going down, they want to try to create the illusion of urgency. I expect they’ll be reducing prices around October 16th…
As far as Carmel Valley is concerned, I think what you’re seeing is that developments that are nearing completion are doing the best they can to hold prices (and instead offer steep incentives). Part of this probably has to do with the appearances they want to maintain with all those who bought in earlier phases. Don’t kid yourself that CV isn’t overpriced as well. $900k and higher for 2500-2700 square feet is a hefty premium for the illusion of coastal proximity. It ain’t Del Mar. (and no offense intended to those who live there, it’s nice, just has it’s place on the location food chain and the newer stuff is farther inland. I wouldn’t mind living there if the price was right). 4S is more like $700k-$850k and larger homes (as low as $606 if you include the smallest SFH), so it’s all relative.
