I noticed that Pardee has listed their Derby Hills houses in Carmel Valley on the MLS (low $1M). They are competing favorably with resale houses and I would say that they are about $100k lower then the resales.
From the other thread about Mello Roos, it seems like Pardee is one step ahead of the market in moving their houses. From what I understand, Pardee has owned land for decades so they have tremendous margins to work with. Pardee is also owned by Weyerhaeuser, the timber company. What is Pardee’s cost? $100/sf?
I wouldn’t surprised if Pardee dropped the Derby hills prices to the high $900k by mid-year and lower than that if the houses don’t move. If that’s the case, then prices will be driven down from the premium segment.
