It’s funny you should mention Hollowbrook Ct. I just did a review on an appraisal on one of those homes and it’s not looking good. As of last week, Pulte had sold 85 out of 105 units and they are now getting into the price-inclusive strategy where the base price includes many of the typical “extras” that they used to charge $30k for in their prior phases. So while the base price hasn’t changed the sale prices are effectively going down when comparing homes with similar finishes.
All of SEH is looking a little weak right now, pretty similar to the lower and middle ends over at Bressi Ranch.
I think SEH should be judged for what it is, not for what it isn’t. It is a planned community with it’s own schools and it’s own supermarket anchored retail center (when it’s finished). There will be more direct access both to Rancho Santa Fe Road and CSU San Marcos by the time they get done. It would be nice if they’d stop marketing it as “almost Carlsbad” because there’s nothing wrong with being San Marcos. Considering the $200k differential between SEH and that Carlsbad neighborhood east of RSF Road/La Costa Blvd, I think SEH is a no-brainer. After the regional prices decline, of course.
