I know that subdivision pretty well. It’s a bit on the fringe of CV, in the general Pacific Highlands Ranch – Torrey del Mar corridor along Carmel Valley Road. That area is much softer than the older CV areas, as there is a lot of recent construction. There is probably nothing wrong with the house, just a seller who is serious about selling. Also, that particular floor plan is quite small, and I think its price peaked at just under $700K in 2005. So the discount isn’t that great (yet). The top of their pricing range ($669K) is almost peak pricing.
