I recently visited some Carmel Valley models also. Buyers are in the dark of what’s going in new developments because many sales don’t go through the MLS so the sales data is not readily available out there.
About, Arabella, Portico, Santa Rosa and other CV developments. I recommend that potential buyers drive the neighborhood, jot down addresses and look at the closed sales on SDlookup.com. Compare lots with view and non-views and adjust accordingly.
I noticed that buyers accross the models have already “lost” money on their purchases last year. There are more many more such losses to come. Remember, that the closed prices don’t reflect incentives. I’m sure it’s not a good feeling for homeowners to see new houses in their development selling for less than they paid.
Developers are masters of gamesmmanship, lowering and raising prices as the winds blow. As the houses sit prices will come down and developers will be the first to react.
