FYI: Current “deal” in Derby Hills, Carmel Valley

[Coronita]

FYI: I thought I'd pass this information along to anyone looking in Carmel Valley to buy. No, I won't pass judgment on whether it's time to buy or not, just passing along information. So don't shoot the messenger.

There are currently 2 units in Derby Hills (Pardee development in Carmel Valley) for which the buyer couldn't perform.  One is a plan 1C and the other one is a plan 2A. Both units are already built.

1c is being sold for $1.182 million with some options already thrown in. In addition, builder is adding $35k in "choose your own remaining options" (flooring, outside stuff, etc i believe). If you work with their preferred lender which said would meet/or beat other loans, they'll add $15k on top of that. If you walk in with an agent and have the agent sign you up, they are giving the agent $25k flat fee, which you could work out a deal to split this with your agent. These are just what the builder threw out when hastily asked. You probably will be able to get more through further negotiation.

The Plan 1C appears to be 3500sqft, with 4 bed,3.5 bath, with a bonus room, 2 car garage with a separate attached workshop (don't try to fit a third car in the workshop, it won't work). The bonus room could have been a 5th bedroom, except the home has already been built so I doubt Pardee will modify it. I believe the location of this unit is north/south facing, which is decent. But it has no view.

A 2A plan is being sold for 1.194. Didn't ask about the incentive, although I would assume the same holds true.

The Plan 2A appears to be  3800sqft, with 4 bed, 4.5 bath, with a bonus room, 3 car TANDEM garage (again, don't try to fit 3 cars in the garage, it won't work), The bonus room could have been split into a 5th bedroom + an option loft. But again, the home is already built so I doubt Pardee will modify it. I believe this unit is east/west facing, and it also has no view.

 

Currently, Plan 3 is still sold out with a list of waitlisted people.

 

[Coronita]

I also heard that the developer on the other side of Carmel Country Highland plans to put in some townhomes and a small strip mall, which will include a Trader Joe's. The surrounding residence didn't originally like the idea, but it was that OR put in low income housing which the residence REALLY didn't like…lol

Again, hearsay for now… 

[Coronita]

I also heard that the developer on the other side of Carmel Country Highland plans to put in some townhomes and a small strip mall, which will include a Trader Joe's. The surrounding residence didn't originally like the idea, but it was that OR put in low income housing which the residence REALLY didn't like…lol

Again, hearsay for now… 

[Coronita]

I also heard that the developer on the other side of Carmel Country Highland plans to put in some townhomes and a small strip mall, which will include a Trader Joe's. The surrounding residence didn't originally like the idea, but it was that OR put in low income housing which the residence REALLY didn't like…lol

Again, hearsay for now… 

[Coronita]

I also heard that the developer on the other side of Carmel Country Highland plans to put in some townhomes and a small strip mall, which will include a Trader Joe's. The surrounding residence didn't originally like the idea, but it was that OR put in low income housing which the residence REALLY didn't like…lol

Again, hearsay for now… 

[Alex_angel]

Can they break a $2 million bill?

[Alex_angel]

Can they break a $2 million bill?

[Alex_angel]

Can they break a $2 million bill?

[Alex_angel]

Can they break a $2 million bill?

[patientlywaiting]

I would wait two years and see the builders squirm.

The developers lie just to make a sale and to give a potential buyer a sense of urgency. A friend recently asked me to visit a Del Sur development with them. The sales agent said that all the houses are sold out, blah, blah, blah. It turns out there are plenty available. Same story everywhere.

You guys who are shopping for new houses, visit a development today, make notes of everything. Then return 2 months from now to see if there are any changes. That will tell you the direction of the market.

[patientlywaiting]

I would wait two years and see the builders squirm.

The developers lie just to make a sale and to give a potential buyer a sense of urgency. A friend recently asked me to visit a Del Sur development with them. The sales agent said that all the houses are sold out, blah, blah, blah. It turns out there are plenty available. Same story everywhere.

You guys who are shopping for new houses, visit a development today, make notes of everything. Then return 2 months from now to see if there are any changes. That will tell you the direction of the market.

[patientlywaiting]

I would wait two years and see the builders squirm.

The developers lie just to make a sale and to give a potential buyer a sense of urgency. A friend recently asked me to visit a Del Sur development with them. The sales agent said that all the houses are sold out, blah, blah, blah. It turns out there are plenty available. Same story everywhere.

You guys who are shopping for new houses, visit a development today, make notes of everything. Then return 2 months from now to see if there are any changes. That will tell you the direction of the market.

[patientlywaiting]

I would wait two years and see the builders squirm.

The developers lie just to make a sale and to give a potential buyer a sense of urgency. A friend recently asked me to visit a Del Sur development with them. The sales agent said that all the houses are sold out, blah, blah, blah. It turns out there are plenty available. Same story everywhere.

You guys who are shopping for new houses, visit a development today, make notes of everything. Then return 2 months from now to see if there are any changes. That will tell you the direction of the market.

[meadandale]

The houses built in 2000 that are selling for similar prices went on the market for the low $400’s new. I’m afraid that all the fancy flooring and other BS upgrades aren’t going to make a half million dollar house worth what the builders are trying to get for them. There is no argument to support these houses (or new ones like them) tripling in value in 7 years…..none.

[meadandale]

The houses built in 2000 that are selling for similar prices went on the market for the low $400’s new. I’m afraid that all the fancy flooring and other BS upgrades aren’t going to make a half million dollar house worth what the builders are trying to get for them. There is no argument to support these houses (or new ones like them) tripling in value in 7 years…..none.

[Author]

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