DerbyHill in Carmel Valley

[Alex_angel]

I went to the Derbyhill community in Carmel Valley this weekend and saw those mamoth stucco 4000 sft homes going for over 1.3 million. The thing that made me laugh is that about 1/2 of the planned homes have been sold. The sales lady makes it a point to tell me that they will be there selling for the next 2 years. I have to chuckle indside thinking that it will be more like 5-10 years to sell the rest at those prices. I really wonder how much those homes will be in 2 years. I can see them selling them for under $1 million by then.

[Coronita]

Ummm….Last time I checked. All were sold out, partly because there really is a demand, and partly because DH seems to be doing a good job controlly inventory releases. ….there sstill a waitlist even today. The only time when DH came down in price was in Jan/Feb of this year, when people first started to freak about housing decline. A few people who were trading up but couldn’t otherwise but had a tough time selling their old place couldn’t close, and lost their deposits. As such a few highly upgraded plan 2’s were selling about $1.09 million, fully upgraded with a few other incentives. There were about 4 units. It lasted for about 1.5 months.

I have 5 friends waiting on the wait list for the last phases around the cul-de-sac. I’m not going to try to talk them out of buying a home, because let’s just say as stupid as we may think they are, they don’t exactly live under the constraints that I would say most people do, as they are either a VP/director for a wireless telco company and/or started a startup in the wireless industry.

The $1.3+ million units you’re referring to are the plan 3, and include the optional attic extension. The other ones run around $1.1-$1.2, which is roughly inline with other homes in CV of equal size/shape.

As far as a sub-million DH unit. Probably unlikely in 1-2 years. If you also had time to check out Saratoga, you’ll notice that those are sold out except Saratoga at the ridge.
And even Carriage Run is sold pretty well, which I couldn’t understand because folks paid about $800-$850 for a 2200sqft place.

Personally, I’m not a fan of Pardee Homes ,but oh well seems like buyers are still plenty. Resale on the other hand isn’t doing so hot….

[Coronita]

Ummm….Last time I checked. All were sold out, partly because there really is a demand, and partly because DH seems to be doing a good job controlly inventory releases. ….there sstill a waitlist even today. The only time when DH came down in price was in Jan/Feb of this year, when people first started to freak about housing decline. A few people who were trading up but couldn’t otherwise but had a tough time selling their old place couldn’t close, and lost their deposits. As such a few highly upgraded plan 2’s were selling about $1.09 million, fully upgraded with a few other incentives. There were about 4 units. It lasted for about 1.5 months.

I have 5 friends waiting on the wait list for the last phases around the cul-de-sac. I’m not going to try to talk them out of buying a home, because let’s just say as stupid as we may think they are, they don’t exactly live under the constraints that I would say most people do, as they are either a VP/director for a wireless telco company and/or started a startup in the wireless industry.

The $1.3+ million units you’re referring to are the plan 3, and include the optional attic extension. The other ones run around $1.1-$1.2, which is roughly inline with other homes in CV of equal size/shape.

As far as a sub-million DH unit. Probably unlikely in 1-2 years. If you also had time to check out Saratoga, you’ll notice that those are sold out except Saratoga at the ridge.
And even Carriage Run is sold pretty well, which I couldn’t understand because folks paid about $800-$850 for a 2200sqft place.

Personally, I’m not a fan of Pardee Homes ,but oh well seems like buyers are still plenty. Resale on the other hand isn’t doing so hot….

[Alex_angel]

They are only sold out of the current phase. She showed us a map with about 100 empty lots that ahve yet to be released. I believe Pardee wanted to ride out the wave and put a stop on building and that is why they claimed to be sold out. If you head there you can see the large empty piece of land that will be divided up soon for new releases.

I agree with you. I am not a fan of Pardee either. The homes are poorly laid out and some have the bathroom right in the living room. Really bad layouts.

[Alex_angel]

They are only sold out of the current phase. She showed us a map with about 100 empty lots that ahve yet to be released. I believe Pardee wanted to ride out the wave and put a stop on building and that is why they claimed to be sold out. If you head there you can see the large empty piece of land that will be divided up soon for new releases.

I agree with you. I am not a fan of Pardee either. The homes are poorly laid out and some have the bathroom right in the living room. Really bad layouts.

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