I agree, this type of “pressured” sale will become more typical and thus have a significant impact on overall pricing over the next several months.
I did not have the exact address but drove by White Emerald this AM on my way to work — there are only about a dozen houses on the street.
Yes, the homes on White Emerald are situated across from a busy street (though there is a high wall to reduce noise), and yes, the homes are quite homogeneous (late ’90s SoCal McMansion — certainly not to my taste).
But these homes are BIG and I believe every single one of them overlooks a nice canyon. Furthermore, it’s walking distance to the high school and on a cul-de-sac to boot.
In other words, from the outside at least, these are rather attractive Carmel Valley homes…and the bar has been lowered to about $250 per square foot going forward.
