Airoso in Carmel Valley

[lpham]

Does anyone has a prediction for prices Airoso condo in Carmel Valley?

[an]

What kind of prediction are you looking for? They have 3 building left to build. If each building have around 4-5 homes, that’s 12-15 homes. If you add on their current standing inventory, it’s safe to say they have around 15 homes to sell. They’ll probably sell out spring of next year. That’s their estimate on fully built out. Price wise, right now, the completed homes vary wildly in price, so it all depends on the model you want and how long it as been on the market. I know they jumped on an offer @ 465k for plan 2 very quickly (w/in 1/2 hour after offer has been dropped off) w/ no bargaining. Which probably mean that they would go even lower. That was 1/2 a year ago. So it’s probably lower now.

[lpham]

Thanks asianautica. I was told that they dont accept any offer- this is a fixed price sale that is offered on a first come first served basis. Is this true? Thanks.

[sdcellar]

I think Standard Pacific is very hungry right now. That said, I wouldn’t feed them…

[an]

lpham, of course all smart seller will say that. However, they will consider all offers, whether they accept it or not is another question. A coworker of my wife was the one that offered $465k, they were asking for $499k at the time and they said they won’t consider any lower offer. But they dropped off the offer and the builder called them 1/2 hr later saying they accepted the offer w/out any bargaining. Now, they think the offer was probably too high since they accepted it w/out bargaining. So, yes, they’ll consider all offers, I think.

[SD Realtor]

I would agree with asianautica. Most builders come across as pretty hard line in thier pricing. However, it never hurts to play hardball with them. All they can do is say no correct?

SD Realtor

[lpham]

I went to Airoso last weekend as they have their phase 5c released. There were 5 units, starting from 469K for plan1, and 4 units were sold on Sat and early Sunday. They said they will be releasing 4 more units next Sat but one has already be reserved by a VIP. Prices will definitely move up as they only have 18 units including the models.

[sdcellar]

I don’t know much about these condos, but I’ve seen other developments where it doesn’t take much more than a “um, yeah, sure we’re interested” to get them to put a little sold button or pin or whatever on a particular lot/unit, so I wouldn’t quite consider those units from over the weekend sold yet.

I can’t imagine the prices moving up. 18 units might not seem like a lot to you and me, but it is to them (okay, so it is to me too). The only other development I know of that actually sold out recently lowered prices with every release (and I imagine that’s what helped them sell out…)

[g2006]

Looked at Airoso few weeks back and got letters from them last week. Looks like they have very less inventory and they are not in a hurry to sell. So price might not go below 465K.

Is there any other new townhomes/condo’s coming up in Carmel Valley. I’m looking for something around 450K

[sdcellar]

15k isn’t a substantial difference. If you like Airoso, why don’t you just go buy one?

[an]

15k on a 450k-465k loan is not very substantial at all. If you get a standard 30 year load, that’s an increase of around $40/month. If you can’t afford another $40/month, then you’re stretching pretty thin @ $450k.

In regards to another $15k off, I don’t think it should be very hard to get. I know people who got $35k off last year and market was much better then than now. So, doesn’t hurt of put in an offer $450k if you really want Airoso @ $450k.

[Raybyrnes]

Property History for 13030 Lamia Pt
Date Event Price Appreciation Source
Jan 14, 2012 Pending (Contingent) — — Inactive SANDICOR #3
Jan 13, 2012 Listed (Active) $425,000 — Inactive SANDICOR #3
Jul 01, 2008 – Delisted — — Inactive CRMLS #2
May 05, 2008 Sold (Public Records) $538,000 -3.5%/yr Public Records
May 05, 2008 Sold (MLS) (Sold) * — Inactive SANDICOR #1
Apr 09, 2008 Delisted * — Inactive SANDICOR #1
Mar 25, 2008 Price Changed * — Inactive SANDICOR #1
Jan 06, 2008 – Listed * — Inactive CRMLS #2
Jan 02, 2008 Listed * — Inactive SANDICOR #1
Dec 08, 2005 Sold (Public Records) $586,500 — Public Records

[Author]

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