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… 

[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.

[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?

[justbought]

fat_lazy:

those are pretty the exact same “incentives” i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn’t worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

[Raybyrnes]

Low Income Housing in san diego is completely misunderstood. First off it is Affordable Housing meaning the income component that you are talking about is up to 125% of the San diego Median Income. This means Fireman, Police Officer, Techers, Managers at your local Food Stores ec.

These are the same people you were praying for during the wid fires. To turn around and say that you are against this is condecenidng and misinformed. Firest understand the issue. Than make a decsion as to the viability of Housing programs in the area.

edit | reply

[justbought]

I don’t mind having socially responsible people as neighbors. But, there are other types of people in this group.

http://www.abag.ca.gov/services/finance/fan/housingmyths2.htm

“In areas comprised mostly of low-income housing – particularly those areas lacking jobs, responsive police, and community services – crime can be higher. Local governments can help blunt the effect of such concentrations of low-income housing in any one place by accommodating their share of the state’s need for new affordable housing, by encouraging the development of affordable apartments and duplexes in scattered locations, and by approving mixed-income residential developments.”

[justbought]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[justbought]

pk92108: just ask! i fought hard for my discounts but they won’t budge much.. i think the sale people might be telling the truth when they say “the headquarters must approve the price” and they just put the request in writing.

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[justbought]

pk: i bought mine (not a plan 3) not during a release but after it “dropped out.” So i guess i am not qualified to give you advice on what happens at the phase release. But all i was saying is that it doesn’ hurt at all to just call up and ask, and they’ll tell you if there is wiggle room or not. I tried every tactic i could think of to get more incentive, but it really seemed like the sales people didn’t have much say..

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[justbought]

pk92108: just ask! i fought hard for my discounts but they won’t budge much.. i think the sale people might be telling the truth when they say “the headquarters must approve the price” and they just put the request in writing.

[justbought]

pk92108: just ask! i fought hard for my discounts but they won’t budge much.. i think the sale people might be telling the truth when they say “the headquarters must approve the price” and they just put the request in writing.

[justbought]

pk92108: just ask! i fought hard for my discounts but they won’t budge much.. i think the sale people might be telling the truth when they say “the headquarters must approve the price” and they just put the request in writing.

[Coronita]

pk92108,

For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.

 

Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.

Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.

The other thing that bothers me is that 

1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.

2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd.  My only gripes about plan 3 is the price.

[Coronita]

pk92108,

For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.

 

Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.

Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.

The other thing that bothers me is that 

1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.

2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd.  My only gripes about plan 3 is the price.

[Coronita]

pk92108,

For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.

 

Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.

Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.

The other thing that bothers me is that 

1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.

2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd.  My only gripes about plan 3 is the price.

[Coronita]

pk92108,

For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.

 

Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.

Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.

The other thing that bothers me is that 

1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.

2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd.  My only gripes about plan 3 is the price.

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[justbought]

how would you like to see your new plasma tv sold to another guy at 1/3 the price because he make less than you do?

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[justbought]

personally, i don’t like plan 3 except for the 3rd floor loft, a great entertainment room. I get dizzy walking around the rest of the house. Plus the workshop/garage takes up too much room and leaves little for nice landscaping in front.

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[Coronita]

pk92108 ,

If you are indeed waiting for a view lot, I hope you have a low waitlist number. I would say people are probably waiting for that too.

I don't think I can really offer you objective opinion on what's comparable. Mainly, I'm really not looking now….But even if I were, from my perspective, you and I are probably not looking in the same markets, and beyond a certain level, my brain shuts down, my tail is betwen my legs…It would be like you asking me which is better, an Audi R8 or BMW M5..it wouldn't matter to me if you bought me either one, and it would end up eventually wrapped around a guardrail on the track anyway. I don't look seriously with homes in this price range, so I can't tell you what's comparable. I did a tour of one Lexington home and it was nice enough for me to know it was definitely out of my price range, just like the Plan 3 in DH.

Here's a sample lexington

http://sandiego.houserebate.com/search/homeview.asp?id=1673363&p3=-1&ix=237

The spread on the asking price is $200k (yes, that's absurd)…

1.3 is probably what a DH Plan 3 withOUT a view is now. I wouldn't be surprised if a view premium is another $100k. After upgrades/landscaping, its will probably be closer to high side of 1.6. You could go getto with upgrades, but what's the point if you're already going to spludge on something like this?

The only thing I have a gripe with all DH homes is all just have 2 car garages (tandems and workshops don't work). So it wouldn't really work for me, simply because the only condition that my wife will allow me to own a weekend car is if I either get rid of my existing one or am able to garage all of them in "a" home. I don't want to get rid of my existing car, and purchasing a home with 3 garages would drain my ability to purchase a weekend car, so it all cancels out.

 

Personally, I am *assuming* the market will fall moving forward. You probably should expect this as well. I think that's the general sentiment most people on the board have. However, I'm not going pass judgment if you buy or not buy, because it's different for different people. If 1.6million is chump change in your household, it's definitely different than folks that would be stretching in all sorts of directions to make minimum payments. And if it is chump change, please consider my wife and I for adoption.

 

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[pk92108]

I am not in love with Carmel valley per say .. It is just that it is hard to find a large 5 bedroom house that is relatively new with good access to freeways that is relatively coastal for the 1.5 range…Also I dont like point loma because it is in the San DIego Unified school district and you have to put up with busing and their stupid liberal policies that dumb things down toward the mean….

You could live in a nice area like point loma or misson hills and your kids would go to school with kids of low life parents..(dont mean to be mean but it is sort of true)….

I want to avoid the whole inland corridor like Poway, Scipps Ranch etc (too far from work)…So the choices are limited- that’s why I focus on Carmel valley…Just a compromise..IF i were single I would be renting and partying downtown!

Even in La jolla you can’t get a 4000 sq ft newer house for 1.5….Am I right??? I am not a real estate pro like most people here…..

thanks again fat-lazy and justbought for your good info.

[SD Realtor]

pk92108 your sentiments match pretty much all of my clients who are looking in CV. It is very centrally located, the housing stock is new, the school district meets the standards they hold near and dear to the heart, and the sizes of the homes are what they want. It is closer to thier jobs then other nice places that have new housing and good schools like La Costa Valley, 4S Ranch, etc…

Again, we all have our own personal tastes, as for myself, school district is important and the size of the lot is more important then the qualities of the home. Just a personal interjection. I have some clients who have also been stymied by the plan 3 demand at Derby…

Anyways FLU seems to have a pretty good pulse on the CV developers and his insights are spot on.

As for what 4plex said… yep I would much rather be on the coast for 1-2M but that is way out of my league and schools/neighborhood is important.

SD Realtor

[justbought]

we also want a house with more character (but within good school district), but can’t afford la jolla or del mar.

[Coronita]

I would also concur justbought's sentiment. If we had the opportunity, we would have bought in LJ or Del Mar. Unfortunately, most of the places would be unattainable for now.

[Coronita]

I would also concur justbought's sentiment. If we had the opportunity, we would have bought in LJ or Del Mar. Unfortunately, most of the places would be unattainable for now.

[Coronita]

I would also concur justbought's sentiment. If we had the opportunity, we would have bought in LJ or Del Mar. Unfortunately, most of the places would be unattainable for now.

[Coronita]

I would also concur justbought's sentiment. If we had the opportunity, we would have bought in LJ or Del Mar. Unfortunately, most of the places would be unattainable for now.

[justbought]

we also want a house with more character (but within good school district), but can’t afford la jolla or del mar.

[justbought]

we also want a house with more character (but within good school district), but can’t afford la jolla or del mar.

[justbought]

we also want a house with more character (but within good school district), but can’t afford la jolla or del mar.

[pepsi]

I think you basically are competing with a lot of Qualcomm employees around that area. And that is a tough crowd to beat.

 

[pk92108]

fat_lazy — do you think it would be better to pay 1.6 for a Plan 3 on a decent lot or pay 1.6 for a comparable house in torrey hills, maybe getting them down to 1.6 from 1.7 or 1.8 on a lexington perhaps???

do you think there is more value elsewhere inTorrey Hills, since a premium seems to be being paid for derby hill????

[Coronita]

pk92108,

You're really asking the wrong person here. Because again, I'm not in the market for paying that much for a home. If you were to ask me which would I prefer, the lexington one or the PH. I would take the lexington one, because of the view, sqft, lot size,etc. I don't care about being the first "new" owner. Others may differ.

In general, I wouldn't be spending 1.6 on a home because I don't need it. I have 1 kid 1 live in nanny and occasional relatives that spend the weekend here. 5 bed/3 bath place with a decent room is fine. I don't need a bonus room, entertainment room on top of a family,living,dinning room. Everything else is nice to have. You have to ask yourself if you really need so much room, or need the view. If you go down to say 3100-3500sqft, you have a lot more to work with. There are places in Torrey Hills like Montecito, La estrada, sea country that would be a step down, but around 3100-3500sqft and probably considerably less than plan3. Also, you can consider Breakers which is next to Derby Hills. Plenty of my qcom friends live there. It is still has access to ashley falls elementary. (for now). It still isn't cheap, but there's more competition in this price range. The only thing you have watch out for if you live in Torrey Hills is don't by a home near power line. You shouldn't have a problem unless you decide to buy in Sea Ridge (not Sea Country) or the community behind Sea ridge (forgot the name). Ranking in "niceness" imho from greater to less… Lexington, Breakers, Sea Country, La Estrada, Montecito. You might also opt for a plan 1 or 2 in Derby Hills. View lots are a premium, period. Doesn't matter what plan.

[Coronita]

pk92108,

You're really asking the wrong person here. Because again, I'm not in the market for paying that much for a home. If you were to ask me which would I prefer, the lexington one or the PH. I would take the lexington one, because of the view, sqft, lot size,etc. I don't care about being the first "new" owner. Others may differ.

In general, I wouldn't be spending 1.6 on a home because I don't need it. I have 1 kid 1 live in nanny and occasional relatives that spend the weekend here. 5 bed/3 bath place with a decent room is fine. I don't need a bonus room, entertainment room on top of a family,living,dinning room. Everything else is nice to have. You have to ask yourself if you really need so much room, or need the view. If you go down to say 3100-3500sqft, you have a lot more to work with. There are places in Torrey Hills like Montecito, La estrada, sea country that would be a step down, but around 3100-3500sqft and probably considerably less than plan3. Also, you can consider Breakers which is next to Derby Hills. Plenty of my qcom friends live there. It is still has access to ashley falls elementary. (for now). It still isn't cheap, but there's more competition in this price range. The only thing you have watch out for if you live in Torrey Hills is don't by a home near power line. You shouldn't have a problem unless you decide to buy in Sea Ridge (not Sea Country) or the community behind Sea ridge (forgot the name). Ranking in "niceness" imho from greater to less… Lexington, Breakers, Sea Country, La Estrada, Montecito. You might also opt for a plan 1 or 2 in Derby Hills. View lots are a premium, period. Doesn't matter what plan.

[Coronita]

pk92108,

You're really asking the wrong person here. Because again, I'm not in the market for paying that much for a home. If you were to ask me which would I prefer, the lexington one or the PH. I would take the lexington one, because of the view, sqft, lot size,etc. I don't care about being the first "new" owner. Others may differ.

In general, I wouldn't be spending 1.6 on a home because I don't need it. I have 1 kid 1 live in nanny and occasional relatives that spend the weekend here. 5 bed/3 bath place with a decent room is fine. I don't need a bonus room, entertainment room on top of a family,living,dinning room. Everything else is nice to have. You have to ask yourself if you really need so much room, or need the view. If you go down to say 3100-3500sqft, you have a lot more to work with. There are places in Torrey Hills like Montecito, La estrada, sea country that would be a step down, but around 3100-3500sqft and probably considerably less than plan3. Also, you can consider Breakers which is next to Derby Hills. Plenty of my qcom friends live there. It is still has access to ashley falls elementary. (for now). It still isn't cheap, but there's more competition in this price range. The only thing you have watch out for if you live in Torrey Hills is don't by a home near power line. You shouldn't have a problem unless you decide to buy in Sea Ridge (not Sea Country) or the community behind Sea ridge (forgot the name). Ranking in "niceness" imho from greater to less… Lexington, Breakers, Sea Country, La Estrada, Montecito. You might also opt for a plan 1 or 2 in Derby Hills. View lots are a premium, period. Doesn't matter what plan.

[Coronita]

pk92108,

You're really asking the wrong person here. Because again, I'm not in the market for paying that much for a home. If you were to ask me which would I prefer, the lexington one or the PH. I would take the lexington one, because of the view, sqft, lot size,etc. I don't care about being the first "new" owner. Others may differ.

In general, I wouldn't be spending 1.6 on a home because I don't need it. I have 1 kid 1 live in nanny and occasional relatives that spend the weekend here. 5 bed/3 bath place with a decent room is fine. I don't need a bonus room, entertainment room on top of a family,living,dinning room. Everything else is nice to have. You have to ask yourself if you really need so much room, or need the view. If you go down to say 3100-3500sqft, you have a lot more to work with. There are places in Torrey Hills like Montecito, La estrada, sea country that would be a step down, but around 3100-3500sqft and probably considerably less than plan3. Also, you can consider Breakers which is next to Derby Hills. Plenty of my qcom friends live there. It is still has access to ashley falls elementary. (for now). It still isn't cheap, but there's more competition in this price range. The only thing you have watch out for if you live in Torrey Hills is don't by a home near power line. You shouldn't have a problem unless you decide to buy in Sea Ridge (not Sea Country) or the community behind Sea ridge (forgot the name). Ranking in "niceness" imho from greater to less… Lexington, Breakers, Sea Country, La Estrada, Montecito. You might also opt for a plan 1 or 2 in Derby Hills. View lots are a premium, period. Doesn't matter what plan.

[SD Realtor]

pk have you considered east carmel valley, like Torrey Highlands for instance? You will get more value for the dollar but you will have to fight the 56 commute.

SD Realtor

[justbought]

if you don’t mind poway schools…

[pk92108]

thanks for the info….i will try to digest it all..

pk

[pk92108]

thanks for the info….i will try to digest it all..

pk

[pk92108]

thanks for the info….i will try to digest it all..

pk

[pk92108]

thanks for the info….i will try to digest it all..

pk

[sdcellar]

i’m sorry, are the poway schools that bad?

[sdcellar]

i’m sorry, are the poway schools that bad?

[sdcellar]

i’m sorry, are the poway schools that bad?

[sdcellar]

i’m sorry, are the poway schools that bad?

[justbought]

if you don’t mind poway schools…

[justbought]

if you don’t mind poway schools…

[justbought]

if you don’t mind poway schools…

[SD Realtor]

pk have you considered east carmel valley, like Torrey Highlands for instance? You will get more value for the dollar but you will have to fight the 56 commute.

SD Realtor

[SD Realtor]

pk have you considered east carmel valley, like Torrey Highlands for instance? You will get more value for the dollar but you will have to fight the 56 commute.

SD Realtor

[SD Realtor]

pk have you considered east carmel valley, like Torrey Highlands for instance? You will get more value for the dollar but you will have to fight the 56 commute.

SD Realtor

[pk92108]

fat_lazy — do you think it would be better to pay 1.6 for a Plan 3 on a decent lot or pay 1.6 for a comparable house in torrey hills, maybe getting them down to 1.6 from 1.7 or 1.8 on a lexington perhaps???

do you think there is more value elsewhere inTorrey Hills, since a premium seems to be being paid for derby hill????

[pk92108]

fat_lazy — do you think it would be better to pay 1.6 for a Plan 3 on a decent lot or pay 1.6 for a comparable house in torrey hills, maybe getting them down to 1.6 from 1.7 or 1.8 on a lexington perhaps???

do you think there is more value elsewhere inTorrey Hills, since a premium seems to be being paid for derby hill????

[pk92108]

fat_lazy — do you think it would be better to pay 1.6 for a Plan 3 on a decent lot or pay 1.6 for a comparable house in torrey hills, maybe getting them down to 1.6 from 1.7 or 1.8 on a lexington perhaps???

do you think there is more value elsewhere inTorrey Hills, since a premium seems to be being paid for derby hill????

[pepsi]

I think you basically are competing with a lot of Qualcomm employees around that area. And that is a tough crowd to beat.

 

[pepsi]

I think you basically are competing with a lot of Qualcomm employees around that area. And that is a tough crowd to beat.

 

[pepsi]

I think you basically are competing with a lot of Qualcomm employees around that area. And that is a tough crowd to beat.

 

[SD Realtor]

pk92108 your sentiments match pretty much all of my clients who are looking in CV. It is very centrally located, the housing stock is new, the school district meets the standards they hold near and dear to the heart, and the sizes of the homes are what they want. It is closer to thier jobs then other nice places that have new housing and good schools like La Costa Valley, 4S Ranch, etc…

Again, we all have our own personal tastes, as for myself, school district is important and the size of the lot is more important then the qualities of the home. Just a personal interjection. I have some clients who have also been stymied by the plan 3 demand at Derby…

Anyways FLU seems to have a pretty good pulse on the CV developers and his insights are spot on.

As for what 4plex said… yep I would much rather be on the coast for 1-2M but that is way out of my league and schools/neighborhood is important.

SD Realtor

[SD Realtor]

pk92108 your sentiments match pretty much all of my clients who are looking in CV. It is very centrally located, the housing stock is new, the school district meets the standards they hold near and dear to the heart, and the sizes of the homes are what they want. It is closer to thier jobs then other nice places that have new housing and good schools like La Costa Valley, 4S Ranch, etc…

Again, we all have our own personal tastes, as for myself, school district is important and the size of the lot is more important then the qualities of the home. Just a personal interjection. I have some clients who have also been stymied by the plan 3 demand at Derby…

Anyways FLU seems to have a pretty good pulse on the CV developers and his insights are spot on.

As for what 4plex said… yep I would much rather be on the coast for 1-2M but that is way out of my league and schools/neighborhood is important.

SD Realtor

[SD Realtor]

pk92108 your sentiments match pretty much all of my clients who are looking in CV. It is very centrally located, the housing stock is new, the school district meets the standards they hold near and dear to the heart, and the sizes of the homes are what they want. It is closer to thier jobs then other nice places that have new housing and good schools like La Costa Valley, 4S Ranch, etc…

Again, we all have our own personal tastes, as for myself, school district is important and the size of the lot is more important then the qualities of the home. Just a personal interjection. I have some clients who have also been stymied by the plan 3 demand at Derby…

Anyways FLU seems to have a pretty good pulse on the CV developers and his insights are spot on.

As for what 4plex said… yep I would much rather be on the coast for 1-2M but that is way out of my league and schools/neighborhood is important.

SD Realtor

[pk92108]

I am not in love with Carmel valley per say .. It is just that it is hard to find a large 5 bedroom house that is relatively new with good access to freeways that is relatively coastal for the 1.5 range…Also I dont like point loma because it is in the San DIego Unified school district and you have to put up with busing and their stupid liberal policies that dumb things down toward the mean….

You could live in a nice area like point loma or misson hills and your kids would go to school with kids of low life parents..(dont mean to be mean but it is sort of true)….

I want to avoid the whole inland corridor like Poway, Scipps Ranch etc (too far from work)…So the choices are limited- that’s why I focus on Carmel valley…Just a compromise..IF i were single I would be renting and partying downtown!

Even in La jolla you can’t get a 4000 sq ft newer house for 1.5….Am I right??? I am not a real estate pro like most people here…..

thanks again fat-lazy and justbought for your good info.

[pk92108]

I am not in love with Carmel valley per say .. It is just that it is hard to find a large 5 bedroom house that is relatively new with good access to freeways that is relatively coastal for the 1.5 range…Also I dont like point loma because it is in the San DIego Unified school district and you have to put up with busing and their stupid liberal policies that dumb things down toward the mean….

You could live in a nice area like point loma or misson hills and your kids would go to school with kids of low life parents..(dont mean to be mean but it is sort of true)….

I want to avoid the whole inland corridor like Poway, Scipps Ranch etc (too far from work)…So the choices are limited- that’s why I focus on Carmel valley…Just a compromise..IF i were single I would be renting and partying downtown!

Even in La jolla you can’t get a 4000 sq ft newer house for 1.5….Am I right??? I am not a real estate pro like most people here…..

thanks again fat-lazy and justbought for your good info.

[pk92108]

I am not in love with Carmel valley per say .. It is just that it is hard to find a large 5 bedroom house that is relatively new with good access to freeways that is relatively coastal for the 1.5 range…Also I dont like point loma because it is in the San DIego Unified school district and you have to put up with busing and their stupid liberal policies that dumb things down toward the mean….

You could live in a nice area like point loma or misson hills and your kids would go to school with kids of low life parents..(dont mean to be mean but it is sort of true)….

I want to avoid the whole inland corridor like Poway, Scipps Ranch etc (too far from work)…So the choices are limited- that’s why I focus on Carmel valley…Just a compromise..IF i were single I would be renting and partying downtown!

Even in La jolla you can’t get a 4000 sq ft newer house for 1.5….Am I right??? I am not a real estate pro like most people here…..

thanks again fat-lazy and justbought for your good info.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[justbought]

ray: not trying to argue here, but i was thinking that people would take worse care of their homes/neighborhood if they had no financial interest in it? I remember Airoso had a small % of home for low income family, and when they sell it, they could not profit that much from it. So then isn’t it more like a rental than a purchase?

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[Raybyrnes]

justbought

First off the affordable housing units and market rate units are different form the stand point that one has huge potential upside for financial gain and one does not.

Additionally, I don’t typically leave with buyers remorse nor do I try to think too heavily about what the next guy bought. If my friend got the same TV for 1/3 the price drinks are on him and I am happy he got a deal. That doesn’t change the fact that I enjoy what I got provided I did my diligence.

And for the guy who makes 1/3 less well maybe I am better to focus on the good fortune that day in and day out, I am fortunate to make 1/3 more than him and for that I can be extremely greatful.

[justbought]

how would you like to see your new plasma tv sold to another guy at 1/3 the price because he make less than you do?

[justbought]

how would you like to see your new plasma tv sold to another guy at 1/3 the price because he make less than you do?

[justbought]

how would you like to see your new plasma tv sold to another guy at 1/3 the price because he make less than you do?

[jamsvet]

1.182…that’s One MILLION, one HUNDRED EIGHTY TWO THOUSAND dollars.

1.194…that’s One MILLION, one HUNDRED NINETY FOUR THOUSAND dollars.

That’s a lot of $$.

[jamsvet]

1.182…that’s One MILLION, one HUNDRED EIGHTY TWO THOUSAND dollars.

1.194…that’s One MILLION, one HUNDRED NINETY FOUR THOUSAND dollars.

That’s a lot of $$.

[jamsvet]

1.182…that’s One MILLION, one HUNDRED EIGHTY TWO THOUSAND dollars.

1.194…that’s One MILLION, one HUNDRED NINETY FOUR THOUSAND dollars.

That’s a lot of $$.

[jamsvet]

1.182…that’s One MILLION, one HUNDRED EIGHTY TWO THOUSAND dollars.

1.194…that’s One MILLION, one HUNDRED NINETY FOUR THOUSAND dollars.

That’s a lot of $$.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

[Raybyrnes]

“the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.”

Why would this sting. If I am getting great schools, a great environment for my family for what I paid why sould I care what someone exlse paid. It does not effect me in the lease bit.

Second these places aren’t exactly 1.2 million dollar homes. They are affordable programs that can neve be sold for more than a set percentage of the San Diego Median Income. Therefore it is a hybrid retal ownership relationship.

Lastly by creating an environment for these families that is condusive to upward social mobility it lowers costs for permanent welfare programs.

There is no reason to hate on this. It doesn’t change the fact that you wouldn’t want to trade places with these people if you can afford to live there without help.

[justbought]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

[justbought]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

[justbought]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

[justbought]

I don’t mind having socially responsible people as neighbors. But, there are other types of people in this group.

http://www.abag.ca.gov/services/finance/fan/housingmyths2.htm

“In areas comprised mostly of low-income housing – particularly those areas lacking jobs, responsive police, and community services – crime can be higher. Local governments can help blunt the effect of such concentrations of low-income housing in any one place by accommodating their share of the state’s need for new affordable housing, by encouraging the development of affordable apartments and duplexes in scattered locations, and by approving mixed-income residential developments.”

[justbought]

I don’t mind having socially responsible people as neighbors. But, there are other types of people in this group.

http://www.abag.ca.gov/services/finance/fan/housingmyths2.htm

“In areas comprised mostly of low-income housing – particularly those areas lacking jobs, responsive police, and community services – crime can be higher. Local governments can help blunt the effect of such concentrations of low-income housing in any one place by accommodating their share of the state’s need for new affordable housing, by encouraging the development of affordable apartments and duplexes in scattered locations, and by approving mixed-income residential developments.”

[justbought]

I don’t mind having socially responsible people as neighbors. But, there are other types of people in this group.

http://www.abag.ca.gov/services/finance/fan/housingmyths2.htm

“In areas comprised mostly of low-income housing – particularly those areas lacking jobs, responsive police, and community services – crime can be higher. Local governments can help blunt the effect of such concentrations of low-income housing in any one place by accommodating their share of the state’s need for new affordable housing, by encouraging the development of affordable apartments and duplexes in scattered locations, and by approving mixed-income residential developments.”

[Raybyrnes]

Low Income Housing in san diego is completely misunderstood. First off it is Affordable Housing meaning the income component that you are talking about is up to 125% of the San diego Median Income. This means Fireman, Police Officer, Techers, Managers at your local Food Stores ec.

These are the same people you were praying for during the wid fires. To turn around and say that you are against this is condecenidng and misinformed. Firest understand the issue. Than make a decsion as to the viability of Housing programs in the area.

edit | reply

[Raybyrnes]

Low Income Housing in san diego is completely misunderstood. First off it is Affordable Housing meaning the income component that you are talking about is up to 125% of the San diego Median Income. This means Fireman, Police Officer, Techers, Managers at your local Food Stores ec.

These are the same people you were praying for during the wid fires. To turn around and say that you are against this is condecenidng and misinformed. Firest understand the issue. Than make a decsion as to the viability of Housing programs in the area.

edit | reply

[Raybyrnes]

Low Income Housing in san diego is completely misunderstood. First off it is Affordable Housing meaning the income component that you are talking about is up to 125% of the San diego Median Income. This means Fireman, Police Officer, Techers, Managers at your local Food Stores ec.

These are the same people you were praying for during the wid fires. To turn around and say that you are against this is condecenidng and misinformed. Firest understand the issue. Than make a decsion as to the viability of Housing programs in the area.

edit | reply

[Portlock]

What exactly IS low income housing?

If a 425k home is considered low price, and qualifing buyers fundamentally require a household income of 125k to make that purchase, should we call them low income buyers?

Applying social stigma to hard working, good wage earners based on how much they purchased their home for in an overinflated market is an incredibly vain attitude…

[patientlywaiting]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

I can empathize with this sentiment.   It stinks real bad to have others waltz in and pay less than you paid.  The resentment can fester for years.

The feeling of getting ripped-off is a very strong emotion.  American tourists overseas get pissed off if a local vendor overcharges them $2.   The amount is nothing but the resentment can last all day.   

Some people get pissed off if someone underpays his share of a meal by $1.   

When I buy my next house at 50% off (or more), I'll be careful not to rub it  in to the neighbors.  

 

[patientlywaiting]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

I can empathize with this sentiment.   It stinks real bad to have others waltz in and pay less than you paid.  The resentment can fester for years.

The feeling of getting ripped-off is a very strong emotion.  American tourists overseas get pissed off if a local vendor overcharges them $2.   The amount is nothing but the resentment can last all day.   

Some people get pissed off if someone underpays his share of a meal by $1.   

When I buy my next house at 50% off (or more), I'll be careful not to rub it  in to the neighbors.  

 

[patientlywaiting]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

I can empathize with this sentiment.   It stinks real bad to have others waltz in and pay less than you paid.  The resentment can fester for years.

The feeling of getting ripped-off is a very strong emotion.  American tourists overseas get pissed off if a local vendor overcharges them $2.   The amount is nothing but the resentment can last all day.   

Some people get pissed off if someone underpays his share of a meal by $1.   

When I buy my next house at 50% off (or more), I'll be careful not to rub it  in to the neighbors.  

 

[patientlywaiting]

the truth is, i paid so damn much to buy into this neighborhood, it would sting to have someone pay so little to do the same.

I can empathize with this sentiment.   It stinks real bad to have others waltz in and pay less than you paid.  The resentment can fester for years.

The feeling of getting ripped-off is a very strong emotion.  American tourists overseas get pissed off if a local vendor overcharges them $2.   The amount is nothing but the resentment can last all day.   

Some people get pissed off if someone underpays his share of a meal by $1.   

When I buy my next house at 50% off (or more), I'll be careful not to rub it  in to the neighbors.  

 

[Portlock]

What exactly IS low income housing?

If a 425k home is considered low price, and qualifing buyers fundamentally require a household income of 125k to make that purchase, should we call them low income buyers?

Applying social stigma to hard working, good wage earners based on how much they purchased their home for in an overinflated market is an incredibly vain attitude…

[Portlock]

What exactly IS low income housing?

If a 425k home is considered low price, and qualifing buyers fundamentally require a household income of 125k to make that purchase, should we call them low income buyers?

Applying social stigma to hard working, good wage earners based on how much they purchased their home for in an overinflated market is an incredibly vain attitude…

[Portlock]

What exactly IS low income housing?

If a 425k home is considered low price, and qualifing buyers fundamentally require a household income of 125k to make that purchase, should we call them low income buyers?

Applying social stigma to hard working, good wage earners based on how much they purchased their home for in an overinflated market is an incredibly vain attitude…

[Coronita]

fat_lazy:

those are pretty the exact same "incentives" i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn't worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

 

justbought,

Please reply… Mind if I asked if they gave you any special financing terms. I heard that for awhile Pardee Homes paying for buying down interest rates to <4% in Carriage Run and Saratoga for the first couple of years.  However, it appears they didn't do this for Derby Hills. Mind if you share this information? Just for fun, I have an appointment with them tomorrow. I'll see just exactly how much they are willing to budge now. And I'll wait for 2 months and try again to see if there's any difference.

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[justbought]

fat_lazy: I got the standard stuff but nothing special. To summarize all the “incentives”, I got:

– slightly >40K towards stuff
– 20% kickback from realtor
– standard 8K for going with pardee lender (wells fargo)
– 6.125% (i paid 0.5 pt, so -6K) 30yr fixed (IO option for 15yr)
– I made them “undo” some of the upgrade items, such as glass closet doors. (but i know for sure that they won’t convert a bonus room to bed room/loft)

so all in all, i didn’t get that great of a deal…

hope this helps.

[Coronita]

fat_lazy:

those are pretty the exact same "incentives" i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn't worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

 

justbought,

Please reply… Mind if I asked if they gave you any special financing terms. I heard that for awhile Pardee Homes paying for buying down interest rates to <4% in Carriage Run and Saratoga for the first couple of years.  However, it appears they didn't do this for Derby Hills. Mind if you share this information? Just for fun, I have an appointment with them tomorrow. I'll see just exactly how much they are willing to budge now. And I'll wait for 2 months and try again to see if there's any difference.

[Coronita]

fat_lazy:

those are pretty the exact same "incentives" i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn't worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

 

justbought,

Please reply… Mind if I asked if they gave you any special financing terms. I heard that for awhile Pardee Homes paying for buying down interest rates to <4% in Carriage Run and Saratoga for the first couple of years.  However, it appears they didn't do this for Derby Hills. Mind if you share this information? Just for fun, I have an appointment with them tomorrow. I'll see just exactly how much they are willing to budge now. And I'll wait for 2 months and try again to see if there's any difference.

[Coronita]

fat_lazy:

those are pretty the exact same "incentives" i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn't worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

 

justbought,

Please reply… Mind if I asked if they gave you any special financing terms. I heard that for awhile Pardee Homes paying for buying down interest rates to <4% in Carriage Run and Saratoga for the first couple of years.  However, it appears they didn't do this for Derby Hills. Mind if you share this information? Just for fun, I have an appointment with them tomorrow. I'll see just exactly how much they are willing to budge now. And I'll wait for 2 months and try again to see if there's any difference.

[justbought]

fat_lazy:

those are pretty the exact same “incentives” i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn’t worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

[justbought]

fat_lazy:

those are pretty the exact same “incentives” i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn’t worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

[justbought]

fat_lazy:

those are pretty the exact same “incentives” i got when i bought mine back in the end of 2006; except that they paid the agent 2.5% (instead of flat 25k) and I got some percentage of that. Being the only builder there, i guess pardee isn’t worried about clearing the inventory…
Also, I would welcome a strip mall with decent cheap eats. (but hell no low income housing)

[Anonymous]

Carriage Run Subdivision which is just south of the 56 and is also a Pardee development is out of control. I visited in Jan, Apr, Jul, and Oct 2007. They have a Plan that is about 1985 SF that started in Jan for about 730K, now the same unit is 840K. What is this builder thinking? I was going to place on offer and they told me that the only negotiations were the flooring and the incentive if I went with their lenders. What a bunch of BS. I just saw a 2700 SF home west of Carriage Run for 770K. For all I care Pardee can keep their homes and put them where the sun don’t shine. I’ll just wait a couple of years and not deal with greedy, hungry, unrealistic builders.

[justbought]

that does seem very high, and i don’t understand it since carriage run always has had running inventory (as high as 10 at a time).

[Coronita]

I never understood carriage run's price. It's way overprice even for today's standard.

[Coronita]

I never understood carriage run's price. It's way overprice even for today's standard.

[Coronita]

I never understood carriage run's price. It's way overprice even for today's standard.

[Coronita]

I never understood carriage run's price. It's way overprice even for today's standard.

[justbought]

that does seem very high, and i don’t understand it since carriage run always has had running inventory (as high as 10 at a time).

[justbought]

that does seem very high, and i don’t understand it since carriage run always has had running inventory (as high as 10 at a time).

[justbought]

that does seem very high, and i don’t understand it since carriage run always has had running inventory (as high as 10 at a time).

[Anonymous]

Carriage Run Subdivision which is just south of the 56 and is also a Pardee development is out of control. I visited in Jan, Apr, Jul, and Oct 2007. They have a Plan that is about 1985 SF that started in Jan for about 730K, now the same unit is 840K. What is this builder thinking? I was going to place on offer and they told me that the only negotiations were the flooring and the incentive if I went with their lenders. What a bunch of BS. I just saw a 2700 SF home west of Carriage Run for 770K. For all I care Pardee can keep their homes and put them where the sun don’t shine. I’ll just wait a couple of years and not deal with greedy, hungry, unrealistic builders.

[Anonymous]

Carriage Run Subdivision which is just south of the 56 and is also a Pardee development is out of control. I visited in Jan, Apr, Jul, and Oct 2007. They have a Plan that is about 1985 SF that started in Jan for about 730K, now the same unit is 840K. What is this builder thinking? I was going to place on offer and they told me that the only negotiations were the flooring and the incentive if I went with their lenders. What a bunch of BS. I just saw a 2700 SF home west of Carriage Run for 770K. For all I care Pardee can keep their homes and put them where the sun don’t shine. I’ll just wait a couple of years and not deal with greedy, hungry, unrealistic builders.

[Anonymous]

Carriage Run Subdivision which is just south of the 56 and is also a Pardee development is out of control. I visited in Jan, Apr, Jul, and Oct 2007. They have a Plan that is about 1985 SF that started in Jan for about 730K, now the same unit is 840K. What is this builder thinking? I was going to place on offer and they told me that the only negotiations were the flooring and the incentive if I went with their lenders. What a bunch of BS. I just saw a 2700 SF home west of Carriage Run for 770K. For all I care Pardee can keep their homes and put them where the sun don’t shine. I’ll just wait a couple of years and not deal with greedy, hungry, unrealistic builders.

[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… 

[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.

[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.

[Coronita]

Regarding the "low income housing comment". I didn't mean any disrespect to people of different economic background. I thought though there was a sense of humor on how snooty some parts o the neighborhood can be. The initial complaint was about a strip mall and attached homes "bringing" down the value of the community. Then the mere mention of "affordable housing" caused great panic. But many some of us should clue in a few folks here that their house value is going to fall anyway.

[Coronita]

Regarding the "low income housing comment". I didn't mean any disrespect to people of different economic background. I thought though there was a sense of humor on how snooty some parts o the neighborhood can be. The initial complaint was about a strip mall and attached homes "bringing" down the value of the community. Then the mere mention of "affordable housing" caused great panic. But many some of us should clue in a few folks here that their house value is going to fall anyway.

[Coronita]

Regarding the "low income housing comment". I didn't mean any disrespect to people of different economic background. I thought though there was a sense of humor on how snooty some parts o the neighborhood can be. The initial complaint was about a strip mall and attached homes "bringing" down the value of the community. Then the mere mention of "affordable housing" caused great panic. But many some of us should clue in a few folks here that their house value is going to fall anyway.

[Coronita]

Regarding the "low income housing comment". I didn't mean any disrespect to people of different economic background. I thought though there was a sense of humor on how snooty some parts o the neighborhood can be. The initial complaint was about a strip mall and attached homes "bringing" down the value of the community. Then the mere mention of "affordable housing" caused great panic. But many some of us should clue in a few folks here that their house value is going to fall anyway.

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[New_Renter]

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

4Plexowner,
Your dream house is located directly under the flight path of of all the jets taking off from Lindburgh field! No thank you. That is why is priced so low for what you get (4000 sq. ft., incredible view, etc.). If that house were on the Sunset Cliffs side or close to La Playa your talking $2.5M-$3M easy….

[New_Renter]

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

4Plexowner,
Your dream house is located directly under the flight path of of all the jets taking off from Lindburgh field! No thank you. That is why is priced so low for what you get (4000 sq. ft., incredible view, etc.). If that house were on the Sunset Cliffs side or close to La Playa your talking $2.5M-$3M easy….

[New_Renter]

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

4Plexowner,
Your dream house is located directly under the flight path of of all the jets taking off from Lindburgh field! No thank you. That is why is priced so low for what you get (4000 sq. ft., incredible view, etc.). If that house were on the Sunset Cliffs side or close to La Playa your talking $2.5M-$3M easy….

[New_Renter]

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

4Plexowner,
Your dream house is located directly under the flight path of of all the jets taking off from Lindburgh field! No thank you. That is why is priced so low for what you get (4000 sq. ft., incredible view, etc.). If that house were on the Sunset Cliffs side or close to La Playa your talking $2.5M-$3M easy….

[New_Renter]

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

4Plexowner,
Your dream house is located directly under the flight path of of all the jets taking off from Lindburgh field! No thank you. That is why is priced so low for what you get (4000 sq. ft., incredible view, etc.). If that house were on the Sunset Cliffs side or close to La Playa your talking $2.5M-$3M easy….

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[Coronita]

…ok..just returned from Derby Hills with my friend who is an agent i worked with in the past.

The ones that are selling are

Plan 1C:

Lot #90: $1.195m

Lot # 109: $1.182m

Lot #113: $1.224m

Plan 2AR:

Lot #108: $1.194m

Lot #114: $1.259m

Plan 3: Still sold out.

 

Also, the only unit Pardee is offering incentive is lot 90. There currently is NO incentive on 109,113,108,114. Lot 90 was sold but buyer cancelled. Some of options where already choosen, the only thing left is choosing flooring. DH wants you to close escrow by december on lot 90.

The remaining units are still in construction and don't appear to have a buyer lined up. But at the present time, Pardee isn't willing to deal.

Lot 90 is on 5291 Birch Hill Point. The front of the house is north/south facing, so direction-wise it's nice. The issue I have with this is the backyard depth is short, and adjoins a slope that is fenced with a very high retailing wall: IE this unit is sitting at the lowest elevation. This will be hard for me and wife to digest, because although we are currently living with 800 less sqft with a much smaller backyard(cough, ok it's a patio), we have no neighbor behind us. So giving up a view would be an issue.

I also don't like the exterior styling of this unit personally. It's new england style, all whit… though my wife loves that. Anyway, we didn't feel it was much of a deal, because the location and lot size wouldn't be that much of an upgrade for us. We're passing, though we weren't seriously looking anyway.

 

Also, noticed the agents there in DH were kinda snooty, even in this market.

 

[justbought]

they were very nice back in Sept of 2006 🙂

[justbought]

they were very nice back in Sept of 2006 🙂

[justbought]

they were very nice back in Sept of 2006 🙂

[justbought]

they were very nice back in Sept of 2006 🙂

[Coronita]

…ok..just returned from Derby Hills with my friend who is an agent i worked with in the past.

The ones that are selling are

Plan 1C:

Lot #90: $1.195m

Lot # 109: $1.182m

Lot #113: $1.224m

Plan 2AR:

Lot #108: $1.194m

Lot #114: $1.259m

Plan 3: Still sold out.

 

Also, the only unit Pardee is offering incentive is lot 90. There currently is NO incentive on 109,113,108,114. Lot 90 was sold but buyer cancelled. Some of options where already choosen, the only thing left is choosing flooring. DH wants you to close escrow by december on lot 90.

The remaining units are still in construction and don't appear to have a buyer lined up. But at the present time, Pardee isn't willing to deal.

Lot 90 is on 5291 Birch Hill Point. The front of the house is north/south facing, so direction-wise it's nice. The issue I have with this is the backyard depth is short, and adjoins a slope that is fenced with a very high retailing wall: IE this unit is sitting at the lowest elevation. This will be hard for me and wife to digest, because although we are currently living with 800 less sqft with a much smaller backyard(cough, ok it's a patio), we have no neighbor behind us. So giving up a view would be an issue.

I also don't like the exterior styling of this unit personally. It's new england style, all whit… though my wife loves that. Anyway, we didn't feel it was much of a deal, because the location and lot size wouldn't be that much of an upgrade for us. We're passing, though we weren't seriously looking anyway.

 

Also, noticed the agents there in DH were kinda snooty, even in this market.

 

[Coronita]

…ok..just returned from Derby Hills with my friend who is an agent i worked with in the past.

The ones that are selling are

Plan 1C:

Lot #90: $1.195m

Lot # 109: $1.182m

Lot #113: $1.224m

Plan 2AR:

Lot #108: $1.194m

Lot #114: $1.259m

Plan 3: Still sold out.

 

Also, the only unit Pardee is offering incentive is lot 90. There currently is NO incentive on 109,113,108,114. Lot 90 was sold but buyer cancelled. Some of options where already choosen, the only thing left is choosing flooring. DH wants you to close escrow by december on lot 90.

The remaining units are still in construction and don't appear to have a buyer lined up. But at the present time, Pardee isn't willing to deal.

Lot 90 is on 5291 Birch Hill Point. The front of the house is north/south facing, so direction-wise it's nice. The issue I have with this is the backyard depth is short, and adjoins a slope that is fenced with a very high retailing wall: IE this unit is sitting at the lowest elevation. This will be hard for me and wife to digest, because although we are currently living with 800 less sqft with a much smaller backyard(cough, ok it's a patio), we have no neighbor behind us. So giving up a view would be an issue.

I also don't like the exterior styling of this unit personally. It's new england style, all whit… though my wife loves that. Anyway, we didn't feel it was much of a deal, because the location and lot size wouldn't be that much of an upgrade for us. We're passing, though we weren't seriously looking anyway.

 

Also, noticed the agents there in DH were kinda snooty, even in this market.

 

[Coronita]

…ok..just returned from Derby Hills with my friend who is an agent i worked with in the past.

The ones that are selling are

Plan 1C:

Lot #90: $1.195m

Lot # 109: $1.182m

Lot #113: $1.224m

Plan 2AR:

Lot #108: $1.194m

Lot #114: $1.259m

Plan 3: Still sold out.

 

Also, the only unit Pardee is offering incentive is lot 90. There currently is NO incentive on 109,113,108,114. Lot 90 was sold but buyer cancelled. Some of options where already choosen, the only thing left is choosing flooring. DH wants you to close escrow by december on lot 90.

The remaining units are still in construction and don't appear to have a buyer lined up. But at the present time, Pardee isn't willing to deal.

Lot 90 is on 5291 Birch Hill Point. The front of the house is north/south facing, so direction-wise it's nice. The issue I have with this is the backyard depth is short, and adjoins a slope that is fenced with a very high retailing wall: IE this unit is sitting at the lowest elevation. This will be hard for me and wife to digest, because although we are currently living with 800 less sqft with a much smaller backyard(cough, ok it's a patio), we have no neighbor behind us. So giving up a view would be an issue.

I also don't like the exterior styling of this unit personally. It's new england style, all whit… though my wife loves that. Anyway, we didn't feel it was much of a deal, because the location and lot size wouldn't be that much of an upgrade for us. We're passing, though we weren't seriously looking anyway.

 

Also, noticed the agents there in DH were kinda snooty, even in this market.

 

[Coronita]

…ok..just returned from Derby Hills with my friend who is an agent i worked with in the past.

The ones that are selling are

Plan 1C:

Lot #90: $1.195m

Lot # 109: $1.182m

Lot #113: $1.224m

Plan 2AR:

Lot #108: $1.194m

Lot #114: $1.259m

Plan 3: Still sold out.

 

Also, the only unit Pardee is offering incentive is lot 90. There currently is NO incentive on 109,113,108,114. Lot 90 was sold but buyer cancelled. Some of options where already choosen, the only thing left is choosing flooring. DH wants you to close escrow by december on lot 90.

The remaining units are still in construction and don't appear to have a buyer lined up. But at the present time, Pardee isn't willing to deal.

Lot 90 is on 5291 Birch Hill Point. The front of the house is north/south facing, so direction-wise it's nice. The issue I have with this is the backyard depth is short, and adjoins a slope that is fenced with a very high retailing wall: IE this unit is sitting at the lowest elevation. This will be hard for me and wife to digest, because although we are currently living with 800 less sqft with a much smaller backyard(cough, ok it's a patio), we have no neighbor behind us. So giving up a view would be an issue.

I also don't like the exterior styling of this unit personally. It's new england style, all whit… though my wife loves that. Anyway, we didn't feel it was much of a deal, because the location and lot size wouldn't be that much of an upgrade for us. We're passing, though we weren't seriously looking anyway.

 

Also, noticed the agents there in DH were kinda snooty, even in this market.

 

[[email protected]]

Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299. I guess the price makes sense since their landscaping is done (lots of flagstone in front and outdoor fireplace), they have some nice interior upgrades, nice lot (no hill behind but no view), and there is VERY little on the market in Carmel Country Highlands. I think it might be the 1st resale in Derby Hill. They just bought in Jan. 07 but are moving for “personal reasons”. I hope it sells for that! I think that would be a good comp for the rest of the neighborhood!

[San Diego Native]

I found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!

Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.

[Coronita]

San Diego Native,

 

It's really a warped perception imho. $1million isn't really $1million anymore. I challenge anyone in their 30ies right now to think $1million is all they will need for retirement. It's absurd to think that way, especially as the dollar continues down it's death spiral, increasing health costs, and general inflation. I'm not even worried about social security, because the problems with our health care system is much worse. Granted home prices are inflated quite a bit. But even outside of home prices, dollar doesn't go very far this much. What strikes me as interesting is that if home prices do correct say 50%, I can't imagine why well to do foreign investors wouldn't buy real estate in the states. I doubt such buying would really prop real estate, but it wouldn't surprise me if several folks end up pay rent to folks overseas. Dollar's decline plus a steep drop in home prices will make things for non-dollar currencies look so cheap. 

 

But to put it in perspective. If you're in you 40's, my parents would think you paid ridiculously for your home(s) too. Back then (when the dinosaurs roamed the earth), beach front property weren't even six figures, or were only close to six figures. Of course, then, they were playing 13-15% interest rates too, but that's another story.

 

[Alex_angel]

FLU, you only think that way because you live in San Diego. move to Alabama and you’ll see that 1 million$ is a lot of cash

[Alex_angel]

FLU, you only think that way because you live in San Diego. move to Alabama and you’ll see that 1 million$ is a lot of cash

[Alex_angel]

FLU, you only think that way because you live in San Diego. move to Alabama and you’ll see that 1 million$ is a lot of cash

[Alex_angel]

FLU, you only think that way because you live in San Diego. move to Alabama and you’ll see that 1 million$ is a lot of cash

[Coronita]

San Diego Native,

 

It's really a warped perception imho. $1million isn't really $1million anymore. I challenge anyone in their 30ies right now to think $1million is all they will need for retirement. It's absurd to think that way, especially as the dollar continues down it's death spiral, increasing health costs, and general inflation. I'm not even worried about social security, because the problems with our health care system is much worse. Granted home prices are inflated quite a bit. But even outside of home prices, dollar doesn't go very far this much. What strikes me as interesting is that if home prices do correct say 50%, I can't imagine why well to do foreign investors wouldn't buy real estate in the states. I doubt such buying would really prop real estate, but it wouldn't surprise me if several folks end up pay rent to folks overseas. Dollar's decline plus a steep drop in home prices will make things for non-dollar currencies look so cheap. 

 

But to put it in perspective. If you're in you 40's, my parents would think you paid ridiculously for your home(s) too. Back then (when the dinosaurs roamed the earth), beach front property weren't even six figures, or were only close to six figures. Of course, then, they were playing 13-15% interest rates too, but that's another story.

 

[Coronita]

San Diego Native,

 

It's really a warped perception imho. $1million isn't really $1million anymore. I challenge anyone in their 30ies right now to think $1million is all they will need for retirement. It's absurd to think that way, especially as the dollar continues down it's death spiral, increasing health costs, and general inflation. I'm not even worried about social security, because the problems with our health care system is much worse. Granted home prices are inflated quite a bit. But even outside of home prices, dollar doesn't go very far this much. What strikes me as interesting is that if home prices do correct say 50%, I can't imagine why well to do foreign investors wouldn't buy real estate in the states. I doubt such buying would really prop real estate, but it wouldn't surprise me if several folks end up pay rent to folks overseas. Dollar's decline plus a steep drop in home prices will make things for non-dollar currencies look so cheap. 

 

But to put it in perspective. If you're in you 40's, my parents would think you paid ridiculously for your home(s) too. Back then (when the dinosaurs roamed the earth), beach front property weren't even six figures, or were only close to six figures. Of course, then, they were playing 13-15% interest rates too, but that's another story.

 

[Coronita]

San Diego Native,

 

It's really a warped perception imho. $1million isn't really $1million anymore. I challenge anyone in their 30ies right now to think $1million is all they will need for retirement. It's absurd to think that way, especially as the dollar continues down it's death spiral, increasing health costs, and general inflation. I'm not even worried about social security, because the problems with our health care system is much worse. Granted home prices are inflated quite a bit. But even outside of home prices, dollar doesn't go very far this much. What strikes me as interesting is that if home prices do correct say 50%, I can't imagine why well to do foreign investors wouldn't buy real estate in the states. I doubt such buying would really prop real estate, but it wouldn't surprise me if several folks end up pay rent to folks overseas. Dollar's decline plus a steep drop in home prices will make things for non-dollar currencies look so cheap. 

 

But to put it in perspective. If you're in you 40's, my parents would think you paid ridiculously for your home(s) too. Back then (when the dinosaurs roamed the earth), beach front property weren't even six figures, or were only close to six figures. Of course, then, they were playing 13-15% interest rates too, but that's another story.

 

[San Diego Native]

I found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!

Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.

[San Diego Native]

I found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!

Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.

[San Diego Native]

I found this forum a few months ago, when looking for information to pass along to friends who were planning to move to San Diego. This thread is particularly interesting. I honestly can’t believe what people are willing to pay for tract homes!!

Everyone in both my family and my wife’s family are from San Diego–most of us–now in our 40’s–live in Sunset Cliffs, La Jolla, Del Mar and Carlsbad–and we all paid in the very low six figures for our homes. Some family members are long-time San Diego builders, and even they can’t believe the run-up in pricing for what you get. Guess everyone discovered our little paradise.

[New_Renter]

“Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299.”

To ILoveCarmelValley:
Your neighbor may be shocked to find out that a 3476 sq. ft. Belmont on Gaylemont Ln. just closed escrow for a flat $1M right across the street from the Derby Hill development. This was a nicely upgraded, fully landscaped newer Pardee home that (IMHO) is a nicer floor plan than the Plan 1 Derby Hill. Granted that the location backed up to Carmel Mountain Rd., I don’t see how a Derby Hill Plan 1 can command a $300K premium over that. The Gaylemont Lane Belmont is a “direct comp” for your neighbor’s house, so at best, it would appear your neighbors house is worth $1.1M (give it a $100K premium for a possibly better lot location) in today’s market. It will be interesting to see if your neighbor can find a blind “knife catcher”! Good luck to him/her.

[San Diego Native]

FLU

To each his own.

If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.

[Coronita]

FLU

To each his own.

If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.

 

SD Native,

Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.

My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….

 

 

[Coronita]

FLU

To each his own.

If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.

 

SD Native,

Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.

My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….

 

 

[Coronita]

FLU

To each his own.

If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.

 

SD Native,

Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.

My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….

 

 

[Coronita]

FLU

To each his own.

If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.

 

SD Native,

Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.

My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….

 

 

[San Diego Native]

FLU

To each his own.

If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.

[San Diego Native]

FLU

To each his own.

If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.

[San Diego Native]

FLU

To each his own.

If you like tract homes, great. We don’t.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.

You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40’s that’s a pretty good nestegg.

[[email protected]]

I agree that the $1.299 is a bit ambitious but I think the Derby Hill house is worth at least $200K more than the Gaylemont comp. The busy road is a HUGE negative and Gaylemont had barely any landscaping, very average kitchen, and next to no upgrades. How do you get the closing prices on recent sales? The data I see is usually a couple of months lagged.

[New_Renter]

The quickest way to find it is on the San Diego Daily Transcript (expensive to subscribe). I found it on a Google search for the address. Here is what it turned up:

San Diego Source > Real Estate07-0706942 — The house at 10586 Gaylemont Ln, San Diego, CA 92130, was sold on 11/06/07 at a tax value of $1000000. …

The problem, ILoveCarmelValley, is that we’re observing a moving target. Yes, maybe earlier this year $1.299 would be a decent listing price, but your neighbor is bringing their house on the market months after the Gaylemont house went on, and the market is just getting progressively worse. Not only will they have a $1M similar comp to deal with, but the bad seasonality (Nov/Dec/Jan).

Another Belmont (same plan as Gaylemont) recently came the market for $1.385 at 5560 Havenridge Way. It’s also backed up to Carmel Mountain Road. It’s nicely upgraded (incredible kitchen), but no way is it worth an extra $385K over the Gaylemont house. This seller has a serious reality check coming as well (IMHO).

If people want to sell their house in this market they need to price realistically for today’s market! Nearly everything I’m looking at in CV is priced $200K-$300K over market, and they’re just sitting there rotting away for the most part.

Again, I wish your neighbor luck. Maybe you can convince them to list for $1.199M (you did mention $1.2M in your post)? They’ll have a much better chance of getting it sold (again, IMHO).

Disclaimer: I’m not a real estate professional or market analyst, just an interested observer in CV!

[patientlywaiting]

Nearly everything I'm looking at in CV is priced $200K-$300K over market, and they're just sitting there rotting away for the most part.

That is absolutely correct.  Wait 'til the fall of 2008 and you'll still prices drop like flies.  

 

[zk]

Also, another Belmont plan 3 (Same as Gaylemont and Havenridge) on Sterling Grove Lane sold a month or two ago for $990k. Yes, the owner on Havenridge is in for a rude awakening. Unless, as still occasionally seems to be the case, he finds a buyer who has an agent who can’t or won’t protect him from paying too much.

[zk]

Also, another Belmont plan 3 (Same as Gaylemont and Havenridge) on Sterling Grove Lane sold a month or two ago for $990k. Yes, the owner on Havenridge is in for a rude awakening. Unless, as still occasionally seems to be the case, he finds a buyer who has an agent who can’t or won’t protect him from paying too much.

[zk]

Also, another Belmont plan 3 (Same as Gaylemont and Havenridge) on Sterling Grove Lane sold a month or two ago for $990k. Yes, the owner on Havenridge is in for a rude awakening. Unless, as still occasionally seems to be the case, he finds a buyer who has an agent who can’t or won’t protect him from paying too much.

[zk]

Also, another Belmont plan 3 (Same as Gaylemont and Havenridge) on Sterling Grove Lane sold a month or two ago for $990k. Yes, the owner on Havenridge is in for a rude awakening. Unless, as still occasionally seems to be the case, he finds a buyer who has an agent who can’t or won’t protect him from paying too much.

[patientlywaiting]

Nearly everything I'm looking at in CV is priced $200K-$300K over market, and they're just sitting there rotting away for the most part.

That is absolutely correct.  Wait 'til the fall of 2008 and you'll still prices drop like flies.  

 

[patientlywaiting]

Nearly everything I'm looking at in CV is priced $200K-$300K over market, and they're just sitting there rotting away for the most part.

That is absolutely correct.  Wait 'til the fall of 2008 and you'll still prices drop like flies.  

 

[patientlywaiting]

Nearly everything I'm looking at in CV is priced $200K-$300K over market, and they're just sitting there rotting away for the most part.

That is absolutely correct.  Wait 'til the fall of 2008 and you'll still prices drop like flies.  

 

[[email protected]]

You are making me nervous! I’m in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I’ve been there.

Did the house on Harvest Run close? I couldn’t find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn’t have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that’s a big factor. I also disagree with the postings that the small garage on the Plan 1 don’t fit a car. Granted it doesn’t fit a big car but I am able to use it as well as the neighbors around me.

I appreciate your opinion.

[Coronita]

You are making me nervous! I'm in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I've been there.

Did the house on Harvest Run close? I couldn't find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn't have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that's a big factor. I also disagree with the postings that the small garage on the Plan 1 don't fit a car. Granted it doesn't fit a big car but I am able to use it as well as the neighbors around me.

I doubt it would fit most sedan's mid-size, or any 2 door couple that requires decent side room. I sort of measured it with a short tape measure while I was looking at lot 90 last weekend. This eliminates camry,passat,a4,a6,s4,s5,m3. Guess you could probably squeeze in a 911…Humm….("Honey, only a 911 will fit in the workshop") Again, works great as a workshop, but I need a third car garage if I were to move.

Regarding belmont, there's also this one.

http://sandiego.houserebate.com/search/homeview.asp?id=1675117&p3=-1&ix=187

The previous one that NewRenter posted was very interesting. I never thought I'd see something 3400sqft in a relatively good location go for $1million this soon.

What is interesting for me is that Pardee isn't lowering prices on DH for now homes. But the way I look at it, someone that bought in 06 probably have about 0.75% lower mortgage rate than someone that buys now. For that reason, anyone buying now really is paying a lot more than 06.

The other thing I remind myself, as a home buyer from 2004…Unless you paid cash for the home, you aren't going come close to breaking even after interest payments, tax, etc in the coming years, even if you are able to sell the home at the same price you paid. So there's not point in thinking about my primary in terms of a "home value" or "investment". For example, we bought in a home in 2004 for $860k. We added about $20k in repairs/updates. Interest on mortgage and prop tax comes out to be about $30k/year. So if we were to hypothetically sell this year, breaking even is at least a list price of $970k, and doesn't include seller commision etc. No way in hell someone is going to buy our home at this price. Also there's no way in hell that this property can be converted in to a rental without paying off more equity and restructuring the existing mortgage….Using the current mortgage, we would need to subsidize renters $1500/month to break even each month. Uh, no thank you.

Why am I bringing this up? If you bought over the past 3 years, this waa to be expected. It's not going to be an "investment". Of course I'm not addressing the non-financial aspects of owning your primary, which is important too. That said, I like my home and don't really care what happens moving forward. (I just wish I had a three car garage).

[CVFanGirl]

I’m reading these comments with great interest since we’re a block away over in Saratoga. It’s odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don’t they insulate the price of a DH further from an older comp (Belmont?)

[zk]

Well, first of all, Saratogas that sold for over 1mil were mostly in 2005. It’s not 2005 any more.

And Belmonts aren’t that old, really. Some of them were built as late as 2002. They’re bigger than Saratogas, and if they’re selling for $1M for 3476 s.f., then that’ll hurt the comps for Saratoga and DH, I’m thinking.

That said, there are, as mentioned in the other CV thread, still some chumps out there. So anything can happen for any particular house.

[zk]

Well, first of all, Saratogas that sold for over 1mil were mostly in 2005. It’s not 2005 any more.

And Belmonts aren’t that old, really. Some of them were built as late as 2002. They’re bigger than Saratogas, and if they’re selling for $1M for 3476 s.f., then that’ll hurt the comps for Saratoga and DH, I’m thinking.

That said, there are, as mentioned in the other CV thread, still some chumps out there. So anything can happen for any particular house.

[zk]

Well, first of all, Saratogas that sold for over 1mil were mostly in 2005. It’s not 2005 any more.

And Belmonts aren’t that old, really. Some of them were built as late as 2002. They’re bigger than Saratogas, and if they’re selling for $1M for 3476 s.f., then that’ll hurt the comps for Saratoga and DH, I’m thinking.

That said, there are, as mentioned in the other CV thread, still some chumps out there. So anything can happen for any particular house.

[zk]

Well, first of all, Saratogas that sold for over 1mil were mostly in 2005. It’s not 2005 any more.

And Belmonts aren’t that old, really. Some of them were built as late as 2002. They’re bigger than Saratogas, and if they’re selling for $1M for 3476 s.f., then that’ll hurt the comps for Saratoga and DH, I’m thinking.

That said, there are, as mentioned in the other CV thread, still some chumps out there. So anything can happen for any particular house.

[zk]

Well, first of all, Saratogas that sold for over 1mil were mostly in 2005. It’s not 2005 any more.

And Belmonts aren’t that old, really. Some of them were built as late as 2002. They’re bigger than Saratogas, and if they’re selling for $1M for 3476 s.f., then that’ll hurt the comps for Saratoga and DH, I’m thinking.

That said, there are, as mentioned in the other CV thread, still some chumps out there. So anything can happen for any particular house.

[Coronita]

I'm reading these comments with great interest since we're a block away over in Saratoga. It's odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don't they insulate the price of a DH further from an older comp (Belmont?)

 

With all due respect. I feel Saratoga were all overpriced. These homes I believe are roughly 2400-2800 sqft. Most of these units do not have a view, and most are not north/south facing. Saratoga's comparables are not the likes of DH, Belmont, etc. The more comparables are complexes in Torrey Hills including Sands, Shores, Sansonet. I would even venture Sea Ridge and the complex behind Sea Ridge would be comparable (Sea Ridge homes i feel are nicer, but get dinged for being so close to power lines). I wouldn't consider them also comparable to La Strada and Montecito (as these two complexes are problem 1 step above Saratoga and the Shores/Sands/Sansonet complexes but below DH , Belmont, Breakers,etc..

Either way, several of these homes (Shores Sands Sansonets) in Torrey Hills not only have views, but sliver of ocean view, with the ocean breeze. As such, these homes are currently in the $800-$950 range. So I would say Saratoga probably is around this range too. And that's current prices. I would expect that these homes would fall moving forward. People who live in these homes generally aren't as immune to a contraction, and I would even venture probably depend more on a loan than those that spend in the high end.

Over 1 million for saratoga was just plan nuts imho. Because if you walk inside a saratoga and go to one of the comparables, it's about the same ceiling height, same floor plan, same sqft. If you add on top of that and additional $100k in landscape, it's out of the price range of the comparables. Also, I believe both DH and Saratoga have $100-$200/month HOA, as compared to the Torrey Hills side, which is like $20/month. That's a lot imho.

Also, one possible selling point was access to Sage Canyon elementary. But it's to my understanding that residence in the new Pardee communities will not be going to Sage Canyon, but to the new elementary behind the Montecito complex. Not that it really matters. All public elementaries in CV are pretty good (the difference between #1 and anything else is probably made up by the variance in parental involvement).

That said, if you enjoy living an a brand new home, and aren't really trying to make money off of it, who really cares what people say are think, or what the actual house value is?

[[email protected]]

A FSBO just came up in Saratoga. It’s a 3 bedroom Plan 3 (the largest) for $1.175. It’s on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I’ve seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

[Coronita]

A FSBO just came up in Saratoga. It's a 3 bedroom Plan 3 (the largest) for $1.175. It's on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I've seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

 

Good luck for 1.175 million at Saratoga in today's market. Again, if you went into Saratoga, and compare that to things that La Estrada, Sea Country, it's a world of difference. Buyer would first notice that saratoga has low ceiling, the likes of the Shores, Sannoset, etc. It's just different. Anyway, not trying to debate here, because there are knife catchers. But if you check out the mls listings on say houserebate.com, and do a search on 92130, you'll notice there a a flood of SFH right now in the 1-1.2 million range that offer much more than the larget saratoga unit. When it comes to upgrades, there a limit in how much you can carry that into a selling cost. Simply because the first thing people like to do when they move in is remodel.

For example, I'd purchase

http://sandiego.houserebate.com/search/homeview.asp?id=1684669&p3=-1&ix=178

High ceiling ,close to Torrey Hills Park, away from the power lines away from the cell phone tower. Close to 3000sqft (I believe that's larger than most Saratoga units) and some with a canyon view. Also, nice HOA of $17/month as opposed to $100-$200.

And oh my, have prices fallen.

 

Can't speak for DH. But again, comparables like Lexington are listed near or at what the asking of plan 3 DH.

 

[Coronita]

A FSBO just came up in Saratoga. It's a 3 bedroom Plan 3 (the largest) for $1.175. It's on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I've seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

 

Good luck for 1.175 million at Saratoga in today's market. Again, if you went into Saratoga, and compare that to things that La Estrada, Sea Country, it's a world of difference. Buyer would first notice that saratoga has low ceiling, the likes of the Shores, Sannoset, etc. It's just different. Anyway, not trying to debate here, because there are knife catchers. But if you check out the mls listings on say houserebate.com, and do a search on 92130, you'll notice there a a flood of SFH right now in the 1-1.2 million range that offer much more than the larget saratoga unit. When it comes to upgrades, there a limit in how much you can carry that into a selling cost. Simply because the first thing people like to do when they move in is remodel.

For example, I'd purchase

http://sandiego.houserebate.com/search/homeview.asp?id=1684669&p3=-1&ix=178

High ceiling ,close to Torrey Hills Park, away from the power lines away from the cell phone tower. Close to 3000sqft (I believe that's larger than most Saratoga units) and some with a canyon view. Also, nice HOA of $17/month as opposed to $100-$200.

And oh my, have prices fallen.

 

Can't speak for DH. But again, comparables like Lexington are listed near or at what the asking of plan 3 DH.

 

[Coronita]

A FSBO just came up in Saratoga. It's a 3 bedroom Plan 3 (the largest) for $1.175. It's on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I've seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

 

Good luck for 1.175 million at Saratoga in today's market. Again, if you went into Saratoga, and compare that to things that La Estrada, Sea Country, it's a world of difference. Buyer would first notice that saratoga has low ceiling, the likes of the Shores, Sannoset, etc. It's just different. Anyway, not trying to debate here, because there are knife catchers. But if you check out the mls listings on say houserebate.com, and do a search on 92130, you'll notice there a a flood of SFH right now in the 1-1.2 million range that offer much more than the larget saratoga unit. When it comes to upgrades, there a limit in how much you can carry that into a selling cost. Simply because the first thing people like to do when they move in is remodel.

For example, I'd purchase

http://sandiego.houserebate.com/search/homeview.asp?id=1684669&p3=-1&ix=178

High ceiling ,close to Torrey Hills Park, away from the power lines away from the cell phone tower. Close to 3000sqft (I believe that's larger than most Saratoga units) and some with a canyon view. Also, nice HOA of $17/month as opposed to $100-$200.

And oh my, have prices fallen.

 

Can't speak for DH. But again, comparables like Lexington are listed near or at what the asking of plan 3 DH.

 

[Coronita]

A FSBO just came up in Saratoga. It's a 3 bedroom Plan 3 (the largest) for $1.175. It's on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I've seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

 

Good luck for 1.175 million at Saratoga in today's market. Again, if you went into Saratoga, and compare that to things that La Estrada, Sea Country, it's a world of difference. Buyer would first notice that saratoga has low ceiling, the likes of the Shores, Sannoset, etc. It's just different. Anyway, not trying to debate here, because there are knife catchers. But if you check out the mls listings on say houserebate.com, and do a search on 92130, you'll notice there a a flood of SFH right now in the 1-1.2 million range that offer much more than the larget saratoga unit. When it comes to upgrades, there a limit in how much you can carry that into a selling cost. Simply because the first thing people like to do when they move in is remodel.

For example, I'd purchase

http://sandiego.houserebate.com/search/homeview.asp?id=1684669&p3=-1&ix=178

High ceiling ,close to Torrey Hills Park, away from the power lines away from the cell phone tower. Close to 3000sqft (I believe that's larger than most Saratoga units) and some with a canyon view. Also, nice HOA of $17/month as opposed to $100-$200.

And oh my, have prices fallen.

 

Can't speak for DH. But again, comparables like Lexington are listed near or at what the asking of plan 3 DH.

 

[Coronita]

A FSBO just came up in Saratoga. It's a 3 bedroom Plan 3 (the largest) for $1.175. It's on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I've seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

 

Good luck for 1.175 million at Saratoga in today's market. Again, if you went into Saratoga, and compare that to things that La Estrada, Sea Country, it's a world of difference. Buyer would first notice that saratoga has low ceiling, the likes of the Shores, Sannoset, etc. It's just different. Anyway, not trying to debate here, because there are knife catchers. But if you check out the mls listings on say houserebate.com, and do a search on 92130, you'll notice there a a flood of SFH right now in the 1-1.2 million range that offer much more than the larget saratoga unit. When it comes to upgrades, there a limit in how much you can carry that into a selling cost. Simply because the first thing people like to do when they move in is remodel.

For example, I'd purchase

http://sandiego.houserebate.com/search/homeview.asp?id=1684669&p3=-1&ix=178

High ceiling ,close to Torrey Hills Park, away from the power lines away from the cell phone tower. Close to 3000sqft (I believe that's larger than most Saratoga units) and some with a canyon view. Also, nice HOA of $17/month as opposed to $100-$200.

And oh my, have prices fallen.

 

Can't speak for DH. But again, comparables like Lexington are listed near or at what the asking of plan 3 DH.

 

[raptorduck]

Almost $1.2 million for what appears to be a 3BR 2,400-2,800 sf house in CV seems way overpriced in this market IMHO.

I lived in CV up to about 8 yrs ago. Although I am moving back to SD in ’08 or ’09, I now live in the Bay Area (San Jose) in one of the few semi-gated neighborhoods up here this very CV like, in that I live in a Spanish tile roofed Mediteranian tract home that and it is just under 2,600sf, about the same size as that FSBO Saratoga home, except that mine is 4BR, but my lot is about 1/2 that size. Although my house was worth $1.2 million not that long ago, it is now worth about $1 million. But this is the “uberexpensive” bay area, where the price per square foot of homes run anywhere from 1.5-2 times as much as San Diego. So on that basis, that Saratoga home should be selling for around $800k.

Even ignoring that, based on what I know about CV prices (granted I have only recently looked at homes in Del Mar Meadows, Del Mar Mesa, and Grand Del Mar, but I have noticed closing sales in CV generally), that house should be listing for between $800,000-$900,000 depending if it is on the low or high end of that range.

The only other tidbit I can provide is a Lexington house (the name of the model) that was a cul-de-sac model home off 56 just up the hill accross from Meadows Del Mar (off Carmel Country road). I looked at possibly buying that house way back in 1999 when I lived in CV. It was just under 5,000 sf 5BR with a great hill top view. It was selling for $700,000-$800,000. Everytime my wife and I have visited SD since then, we have looked at home prices and toured new development model homes, primiarly in CV and Del Mar just for fun to see if we would move back (we added RSF this year). That Lexington model house was for sale back in 2005 (August) for around $2 million. If you assume that the CV market has dropped 10% since that peak in 2005, then that house should be worth $1.8 million or so. And at that price, this Saratoga home should be in that $800k-$900k range.

Incidentally, thanks to Zillow, I can check my recollections and estimates above with their data on that same Lexington house. Zillow says the value of that home peaked in mid 2006 at $2.2 million. The current Zestimate for that house is $1.5 million, which suggests a price for that Saratoga FSBO more in the range of $700k-$800k depending on where it falls in that size range. I do realize that Zillow #’s are always very suspect.

Either way, a short point made very long, that Saratoga home is way overpriced at almost $1.2 million IMHO and an informed buyer should not pay more than $800k for it.

[[email protected]]

Derby Hill had a new release for about 5 homes on Saturday (12/8). Has anyone heard if they sold them? These are the most expensive lots yet.

[[email protected]]

Derby Hill had a new release for about 5 homes on Saturday (12/8). Has anyone heard if they sold them? These are the most expensive lots yet.

[[email protected]]

Derby Hill had a new release for about 5 homes on Saturday (12/8). Has anyone heard if they sold them? These are the most expensive lots yet.

[[email protected]]

Derby Hill had a new release for about 5 homes on Saturday (12/8). Has anyone heard if they sold them? These are the most expensive lots yet.

[[email protected]]

Derby Hill had a new release for about 5 homes on Saturday (12/8). Has anyone heard if they sold them? These are the most expensive lots yet.

[raptorduck]

Almost $1.2 million for what appears to be a 3BR 2,400-2,800 sf house in CV seems way overpriced in this market IMHO.

I lived in CV up to about 8 yrs ago. Although I am moving back to SD in ’08 or ’09, I now live in the Bay Area (San Jose) in one of the few semi-gated neighborhoods up here this very CV like, in that I live in a Spanish tile roofed Mediteranian tract home that and it is just under 2,600sf, about the same size as that FSBO Saratoga home, except that mine is 4BR, but my lot is about 1/2 that size. Although my house was worth $1.2 million not that long ago, it is now worth about $1 million. But this is the “uberexpensive” bay area, where the price per square foot of homes run anywhere from 1.5-2 times as much as San Diego. So on that basis, that Saratoga home should be selling for around $800k.

Even ignoring that, based on what I know about CV prices (granted I have only recently looked at homes in Del Mar Meadows, Del Mar Mesa, and Grand Del Mar, but I have noticed closing sales in CV generally), that house should be listing for between $800,000-$900,000 depending if it is on the low or high end of that range.

The only other tidbit I can provide is a Lexington house (the name of the model) that was a cul-de-sac model home off 56 just up the hill accross from Meadows Del Mar (off Carmel Country road). I looked at possibly buying that house way back in 1999 when I lived in CV. It was just under 5,000 sf 5BR with a great hill top view. It was selling for $700,000-$800,000. Everytime my wife and I have visited SD since then, we have looked at home prices and toured new development model homes, primiarly in CV and Del Mar just for fun to see if we would move back (we added RSF this year). That Lexington model house was for sale back in 2005 (August) for around $2 million. If you assume that the CV market has dropped 10% since that peak in 2005, then that house should be worth $1.8 million or so. And at that price, this Saratoga home should be in that $800k-$900k range.

Incidentally, thanks to Zillow, I can check my recollections and estimates above with their data on that same Lexington house. Zillow says the value of that home peaked in mid 2006 at $2.2 million. The current Zestimate for that house is $1.5 million, which suggests a price for that Saratoga FSBO more in the range of $700k-$800k depending on where it falls in that size range. I do realize that Zillow #’s are always very suspect.

Either way, a short point made very long, that Saratoga home is way overpriced at almost $1.2 million IMHO and an informed buyer should not pay more than $800k for it.

[raptorduck]

Almost $1.2 million for what appears to be a 3BR 2,400-2,800 sf house in CV seems way overpriced in this market IMHO.

I lived in CV up to about 8 yrs ago. Although I am moving back to SD in ’08 or ’09, I now live in the Bay Area (San Jose) in one of the few semi-gated neighborhoods up here this very CV like, in that I live in a Spanish tile roofed Mediteranian tract home that and it is just under 2,600sf, about the same size as that FSBO Saratoga home, except that mine is 4BR, but my lot is about 1/2 that size. Although my house was worth $1.2 million not that long ago, it is now worth about $1 million. But this is the “uberexpensive” bay area, where the price per square foot of homes run anywhere from 1.5-2 times as much as San Diego. So on that basis, that Saratoga home should be selling for around $800k.

Even ignoring that, based on what I know about CV prices (granted I have only recently looked at homes in Del Mar Meadows, Del Mar Mesa, and Grand Del Mar, but I have noticed closing sales in CV generally), that house should be listing for between $800,000-$900,000 depending if it is on the low or high end of that range.

The only other tidbit I can provide is a Lexington house (the name of the model) that was a cul-de-sac model home off 56 just up the hill accross from Meadows Del Mar (off Carmel Country road). I looked at possibly buying that house way back in 1999 when I lived in CV. It was just under 5,000 sf 5BR with a great hill top view. It was selling for $700,000-$800,000. Everytime my wife and I have visited SD since then, we have looked at home prices and toured new development model homes, primiarly in CV and Del Mar just for fun to see if we would move back (we added RSF this year). That Lexington model house was for sale back in 2005 (August) for around $2 million. If you assume that the CV market has dropped 10% since that peak in 2005, then that house should be worth $1.8 million or so. And at that price, this Saratoga home should be in that $800k-$900k range.

Incidentally, thanks to Zillow, I can check my recollections and estimates above with their data on that same Lexington house. Zillow says the value of that home peaked in mid 2006 at $2.2 million. The current Zestimate for that house is $1.5 million, which suggests a price for that Saratoga FSBO more in the range of $700k-$800k depending on where it falls in that size range. I do realize that Zillow #’s are always very suspect.

Either way, a short point made very long, that Saratoga home is way overpriced at almost $1.2 million IMHO and an informed buyer should not pay more than $800k for it.

[raptorduck]

Almost $1.2 million for what appears to be a 3BR 2,400-2,800 sf house in CV seems way overpriced in this market IMHO.

I lived in CV up to about 8 yrs ago. Although I am moving back to SD in ’08 or ’09, I now live in the Bay Area (San Jose) in one of the few semi-gated neighborhoods up here this very CV like, in that I live in a Spanish tile roofed Mediteranian tract home that and it is just under 2,600sf, about the same size as that FSBO Saratoga home, except that mine is 4BR, but my lot is about 1/2 that size. Although my house was worth $1.2 million not that long ago, it is now worth about $1 million. But this is the “uberexpensive” bay area, where the price per square foot of homes run anywhere from 1.5-2 times as much as San Diego. So on that basis, that Saratoga home should be selling for around $800k.

Even ignoring that, based on what I know about CV prices (granted I have only recently looked at homes in Del Mar Meadows, Del Mar Mesa, and Grand Del Mar, but I have noticed closing sales in CV generally), that house should be listing for between $800,000-$900,000 depending if it is on the low or high end of that range.

The only other tidbit I can provide is a Lexington house (the name of the model) that was a cul-de-sac model home off 56 just up the hill accross from Meadows Del Mar (off Carmel Country road). I looked at possibly buying that house way back in 1999 when I lived in CV. It was just under 5,000 sf 5BR with a great hill top view. It was selling for $700,000-$800,000. Everytime my wife and I have visited SD since then, we have looked at home prices and toured new development model homes, primiarly in CV and Del Mar just for fun to see if we would move back (we added RSF this year). That Lexington model house was for sale back in 2005 (August) for around $2 million. If you assume that the CV market has dropped 10% since that peak in 2005, then that house should be worth $1.8 million or so. And at that price, this Saratoga home should be in that $800k-$900k range.

Incidentally, thanks to Zillow, I can check my recollections and estimates above with their data on that same Lexington house. Zillow says the value of that home peaked in mid 2006 at $2.2 million. The current Zestimate for that house is $1.5 million, which suggests a price for that Saratoga FSBO more in the range of $700k-$800k depending on where it falls in that size range. I do realize that Zillow #’s are always very suspect.

Either way, a short point made very long, that Saratoga home is way overpriced at almost $1.2 million IMHO and an informed buyer should not pay more than $800k for it.

[raptorduck]

Almost $1.2 million for what appears to be a 3BR 2,400-2,800 sf house in CV seems way overpriced in this market IMHO.

I lived in CV up to about 8 yrs ago. Although I am moving back to SD in ’08 or ’09, I now live in the Bay Area (San Jose) in one of the few semi-gated neighborhoods up here this very CV like, in that I live in a Spanish tile roofed Mediteranian tract home that and it is just under 2,600sf, about the same size as that FSBO Saratoga home, except that mine is 4BR, but my lot is about 1/2 that size. Although my house was worth $1.2 million not that long ago, it is now worth about $1 million. But this is the “uberexpensive” bay area, where the price per square foot of homes run anywhere from 1.5-2 times as much as San Diego. So on that basis, that Saratoga home should be selling for around $800k.

Even ignoring that, based on what I know about CV prices (granted I have only recently looked at homes in Del Mar Meadows, Del Mar Mesa, and Grand Del Mar, but I have noticed closing sales in CV generally), that house should be listing for between $800,000-$900,000 depending if it is on the low or high end of that range.

The only other tidbit I can provide is a Lexington house (the name of the model) that was a cul-de-sac model home off 56 just up the hill accross from Meadows Del Mar (off Carmel Country road). I looked at possibly buying that house way back in 1999 when I lived in CV. It was just under 5,000 sf 5BR with a great hill top view. It was selling for $700,000-$800,000. Everytime my wife and I have visited SD since then, we have looked at home prices and toured new development model homes, primiarly in CV and Del Mar just for fun to see if we would move back (we added RSF this year). That Lexington model house was for sale back in 2005 (August) for around $2 million. If you assume that the CV market has dropped 10% since that peak in 2005, then that house should be worth $1.8 million or so. And at that price, this Saratoga home should be in that $800k-$900k range.

Incidentally, thanks to Zillow, I can check my recollections and estimates above with their data on that same Lexington house. Zillow says the value of that home peaked in mid 2006 at $2.2 million. The current Zestimate for that house is $1.5 million, which suggests a price for that Saratoga FSBO more in the range of $700k-$800k depending on where it falls in that size range. I do realize that Zillow #’s are always very suspect.

Either way, a short point made very long, that Saratoga home is way overpriced at almost $1.2 million IMHO and an informed buyer should not pay more than $800k for it.

[SD Realtor]

IloveCV 5530 Harvest Run closed at 1.2M even last week. I assume that is the home you were asking about above?

SD Realtor

[SD Realtor]

IloveCV 5530 Harvest Run closed at 1.2M even last week. I assume that is the home you were asking about above?

SD Realtor

[SD Realtor]

IloveCV 5530 Harvest Run closed at 1.2M even last week. I assume that is the home you were asking about above?

SD Realtor

[SD Realtor]

IloveCV 5530 Harvest Run closed at 1.2M even last week. I assume that is the home you were asking about above?

SD Realtor

[SD Realtor]

IloveCV 5530 Harvest Run closed at 1.2M even last week. I assume that is the home you were asking about above?

SD Realtor

[[email protected]]

A FSBO just came up in Saratoga. It’s a 3 bedroom Plan 3 (the largest) for $1.175. It’s on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I’ve seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

[[email protected]]

A FSBO just came up in Saratoga. It’s a 3 bedroom Plan 3 (the largest) for $1.175. It’s on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I’ve seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

[[email protected]]

A FSBO just came up in Saratoga. It’s a 3 bedroom Plan 3 (the largest) for $1.175. It’s on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I’ve seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

[[email protected]]

A FSBO just came up in Saratoga. It’s a 3 bedroom Plan 3 (the largest) for $1.175. It’s on a 10,000 sq ft lot but it does back up to Carmel Mountain. It would be a nice comp for the neighborhood if it sells for that.

I think Saratoga and Derby Hill have a big edge over Belmont and Lexington because of their newness. I’ve seen a lot of open houses in Belmont and Lexington and most of them looked tired already – even a few years makes a house dated compared to the new. I think newer sells for a higher premium than most people realize.

Derby Hill continues to sell and sell. There are only three houses available right now with 7/08 completion dates. The Plan 3 I was considering last week sold before I could make up my mind.

Anybody know if the house on Harvest Run closed and what price it closed for?

[Coronita]

I'm reading these comments with great interest since we're a block away over in Saratoga. It's odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don't they insulate the price of a DH further from an older comp (Belmont?)

 

With all due respect. I feel Saratoga were all overpriced. These homes I believe are roughly 2400-2800 sqft. Most of these units do not have a view, and most are not north/south facing. Saratoga's comparables are not the likes of DH, Belmont, etc. The more comparables are complexes in Torrey Hills including Sands, Shores, Sansonet. I would even venture Sea Ridge and the complex behind Sea Ridge would be comparable (Sea Ridge homes i feel are nicer, but get dinged for being so close to power lines). I wouldn't consider them also comparable to La Strada and Montecito (as these two complexes are problem 1 step above Saratoga and the Shores/Sands/Sansonet complexes but below DH , Belmont, Breakers,etc..

Either way, several of these homes (Shores Sands Sansonets) in Torrey Hills not only have views, but sliver of ocean view, with the ocean breeze. As such, these homes are currently in the $800-$950 range. So I would say Saratoga probably is around this range too. And that's current prices. I would expect that these homes would fall moving forward. People who live in these homes generally aren't as immune to a contraction, and I would even venture probably depend more on a loan than those that spend in the high end.

Over 1 million for saratoga was just plan nuts imho. Because if you walk inside a saratoga and go to one of the comparables, it's about the same ceiling height, same floor plan, same sqft. If you add on top of that and additional $100k in landscape, it's out of the price range of the comparables. Also, I believe both DH and Saratoga have $100-$200/month HOA, as compared to the Torrey Hills side, which is like $20/month. That's a lot imho.

Also, one possible selling point was access to Sage Canyon elementary. But it's to my understanding that residence in the new Pardee communities will not be going to Sage Canyon, but to the new elementary behind the Montecito complex. Not that it really matters. All public elementaries in CV are pretty good (the difference between #1 and anything else is probably made up by the variance in parental involvement).

That said, if you enjoy living an a brand new home, and aren't really trying to make money off of it, who really cares what people say are think, or what the actual house value is?

[Coronita]

I'm reading these comments with great interest since we're a block away over in Saratoga. It's odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don't they insulate the price of a DH further from an older comp (Belmont?)

 

With all due respect. I feel Saratoga were all overpriced. These homes I believe are roughly 2400-2800 sqft. Most of these units do not have a view, and most are not north/south facing. Saratoga's comparables are not the likes of DH, Belmont, etc. The more comparables are complexes in Torrey Hills including Sands, Shores, Sansonet. I would even venture Sea Ridge and the complex behind Sea Ridge would be comparable (Sea Ridge homes i feel are nicer, but get dinged for being so close to power lines). I wouldn't consider them also comparable to La Strada and Montecito (as these two complexes are problem 1 step above Saratoga and the Shores/Sands/Sansonet complexes but below DH , Belmont, Breakers,etc..

Either way, several of these homes (Shores Sands Sansonets) in Torrey Hills not only have views, but sliver of ocean view, with the ocean breeze. As such, these homes are currently in the $800-$950 range. So I would say Saratoga probably is around this range too. And that's current prices. I would expect that these homes would fall moving forward. People who live in these homes generally aren't as immune to a contraction, and I would even venture probably depend more on a loan than those that spend in the high end.

Over 1 million for saratoga was just plan nuts imho. Because if you walk inside a saratoga and go to one of the comparables, it's about the same ceiling height, same floor plan, same sqft. If you add on top of that and additional $100k in landscape, it's out of the price range of the comparables. Also, I believe both DH and Saratoga have $100-$200/month HOA, as compared to the Torrey Hills side, which is like $20/month. That's a lot imho.

Also, one possible selling point was access to Sage Canyon elementary. But it's to my understanding that residence in the new Pardee communities will not be going to Sage Canyon, but to the new elementary behind the Montecito complex. Not that it really matters. All public elementaries in CV are pretty good (the difference between #1 and anything else is probably made up by the variance in parental involvement).

That said, if you enjoy living an a brand new home, and aren't really trying to make money off of it, who really cares what people say are think, or what the actual house value is?

[Coronita]

I'm reading these comments with great interest since we're a block away over in Saratoga. It's odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don't they insulate the price of a DH further from an older comp (Belmont?)

 

With all due respect. I feel Saratoga were all overpriced. These homes I believe are roughly 2400-2800 sqft. Most of these units do not have a view, and most are not north/south facing. Saratoga's comparables are not the likes of DH, Belmont, etc. The more comparables are complexes in Torrey Hills including Sands, Shores, Sansonet. I would even venture Sea Ridge and the complex behind Sea Ridge would be comparable (Sea Ridge homes i feel are nicer, but get dinged for being so close to power lines). I wouldn't consider them also comparable to La Strada and Montecito (as these two complexes are problem 1 step above Saratoga and the Shores/Sands/Sansonet complexes but below DH , Belmont, Breakers,etc..

Either way, several of these homes (Shores Sands Sansonets) in Torrey Hills not only have views, but sliver of ocean view, with the ocean breeze. As such, these homes are currently in the $800-$950 range. So I would say Saratoga probably is around this range too. And that's current prices. I would expect that these homes would fall moving forward. People who live in these homes generally aren't as immune to a contraction, and I would even venture probably depend more on a loan than those that spend in the high end.

Over 1 million for saratoga was just plan nuts imho. Because if you walk inside a saratoga and go to one of the comparables, it's about the same ceiling height, same floor plan, same sqft. If you add on top of that and additional $100k in landscape, it's out of the price range of the comparables. Also, I believe both DH and Saratoga have $100-$200/month HOA, as compared to the Torrey Hills side, which is like $20/month. That's a lot imho.

Also, one possible selling point was access to Sage Canyon elementary. But it's to my understanding that residence in the new Pardee communities will not be going to Sage Canyon, but to the new elementary behind the Montecito complex. Not that it really matters. All public elementaries in CV are pretty good (the difference between #1 and anything else is probably made up by the variance in parental involvement).

That said, if you enjoy living an a brand new home, and aren't really trying to make money off of it, who really cares what people say are think, or what the actual house value is?

[Coronita]

I'm reading these comments with great interest since we're a block away over in Saratoga. It's odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don't they insulate the price of a DH further from an older comp (Belmont?)

 

With all due respect. I feel Saratoga were all overpriced. These homes I believe are roughly 2400-2800 sqft. Most of these units do not have a view, and most are not north/south facing. Saratoga's comparables are not the likes of DH, Belmont, etc. The more comparables are complexes in Torrey Hills including Sands, Shores, Sansonet. I would even venture Sea Ridge and the complex behind Sea Ridge would be comparable (Sea Ridge homes i feel are nicer, but get dinged for being so close to power lines). I wouldn't consider them also comparable to La Strada and Montecito (as these two complexes are problem 1 step above Saratoga and the Shores/Sands/Sansonet complexes but below DH , Belmont, Breakers,etc..

Either way, several of these homes (Shores Sands Sansonets) in Torrey Hills not only have views, but sliver of ocean view, with the ocean breeze. As such, these homes are currently in the $800-$950 range. So I would say Saratoga probably is around this range too. And that's current prices. I would expect that these homes would fall moving forward. People who live in these homes generally aren't as immune to a contraction, and I would even venture probably depend more on a loan than those that spend in the high end.

Over 1 million for saratoga was just plan nuts imho. Because if you walk inside a saratoga and go to one of the comparables, it's about the same ceiling height, same floor plan, same sqft. If you add on top of that and additional $100k in landscape, it's out of the price range of the comparables. Also, I believe both DH and Saratoga have $100-$200/month HOA, as compared to the Torrey Hills side, which is like $20/month. That's a lot imho.

Also, one possible selling point was access to Sage Canyon elementary. But it's to my understanding that residence in the new Pardee communities will not be going to Sage Canyon, but to the new elementary behind the Montecito complex. Not that it really matters. All public elementaries in CV are pretty good (the difference between #1 and anything else is probably made up by the variance in parental involvement).

That said, if you enjoy living an a brand new home, and aren't really trying to make money off of it, who really cares what people say are think, or what the actual house value is?

[CVFanGirl]

I’m reading these comments with great interest since we’re a block away over in Saratoga. It’s odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don’t they insulate the price of a DH further from an older comp (Belmont?)

[CVFanGirl]

I’m reading these comments with great interest since we’re a block away over in Saratoga. It’s odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don’t they insulate the price of a DH further from an older comp (Belmont?)

[CVFanGirl]

I’m reading these comments with great interest since we’re a block away over in Saratoga. It’s odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don’t they insulate the price of a DH further from an older comp (Belmont?)

[CVFanGirl]

I’m reading these comments with great interest since we’re a block away over in Saratoga. It’s odd though, that noone seems to mention these homes in any of the forums. Noone is considering their value when calculating the worth of a DH. Is it because they are almost all situated on the main road or is there some other reason?

And what about those Saratogas with oversized lots that sold for 1 mil plus. Don’t they insulate the price of a DH further from an older comp (Belmont?)

[Anonymous]

How many celebrities are living in this area.

1.2 mill..wow..I could think couple of classes of people living there.

Either CEO’s are living there
Either some celebrities like filmstars/sports guys living there.
Or My Neighbors who took Neg ARM might be living there.
Or Heck my realtor/My loan officer who worked out the numbers might be living there.

I will visit them during christmas and give the poor kids some gifts for the holidays.

[Anonymous]

How many celebrities are living in this area.

1.2 mill..wow..I could think couple of classes of people living there.

Either CEO’s are living there
Either some celebrities like filmstars/sports guys living there.
Or My Neighbors who took Neg ARM might be living there.
Or Heck my realtor/My loan officer who worked out the numbers might be living there.

I will visit them during christmas and give the poor kids some gifts for the holidays.

[Anonymous]

How many celebrities are living in this area.

1.2 mill..wow..I could think couple of classes of people living there.

Either CEO’s are living there
Either some celebrities like filmstars/sports guys living there.
Or My Neighbors who took Neg ARM might be living there.
Or Heck my realtor/My loan officer who worked out the numbers might be living there.

I will visit them during christmas and give the poor kids some gifts for the holidays.

[Anonymous]

How many celebrities are living in this area.

1.2 mill..wow..I could think couple of classes of people living there.

Either CEO’s are living there
Either some celebrities like filmstars/sports guys living there.
Or My Neighbors who took Neg ARM might be living there.
Or Heck my realtor/My loan officer who worked out the numbers might be living there.

I will visit them during christmas and give the poor kids some gifts for the holidays.

[Anonymous]

How many celebrities are living in this area.

1.2 mill..wow..I could think couple of classes of people living there.

Either CEO’s are living there
Either some celebrities like filmstars/sports guys living there.
Or My Neighbors who took Neg ARM might be living there.
Or Heck my realtor/My loan officer who worked out the numbers might be living there.

I will visit them during christmas and give the poor kids some gifts for the holidays.

[Coronita]

You are making me nervous! I'm in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I've been there.

Did the house on Harvest Run close? I couldn't find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn't have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that's a big factor. I also disagree with the postings that the small garage on the Plan 1 don't fit a car. Granted it doesn't fit a big car but I am able to use it as well as the neighbors around me.

I doubt it would fit most sedan's mid-size, or any 2 door couple that requires decent side room. I sort of measured it with a short tape measure while I was looking at lot 90 last weekend. This eliminates camry,passat,a4,a6,s4,s5,m3. Guess you could probably squeeze in a 911…Humm….("Honey, only a 911 will fit in the workshop") Again, works great as a workshop, but I need a third car garage if I were to move.

Regarding belmont, there's also this one.

http://sandiego.houserebate.com/search/homeview.asp?id=1675117&p3=-1&ix=187

The previous one that NewRenter posted was very interesting. I never thought I'd see something 3400sqft in a relatively good location go for $1million this soon.

What is interesting for me is that Pardee isn't lowering prices on DH for now homes. But the way I look at it, someone that bought in 06 probably have about 0.75% lower mortgage rate than someone that buys now. For that reason, anyone buying now really is paying a lot more than 06.

The other thing I remind myself, as a home buyer from 2004…Unless you paid cash for the home, you aren't going come close to breaking even after interest payments, tax, etc in the coming years, even if you are able to sell the home at the same price you paid. So there's not point in thinking about my primary in terms of a "home value" or "investment". For example, we bought in a home in 2004 for $860k. We added about $20k in repairs/updates. Interest on mortgage and prop tax comes out to be about $30k/year. So if we were to hypothetically sell this year, breaking even is at least a list price of $970k, and doesn't include seller commision etc. No way in hell someone is going to buy our home at this price. Also there's no way in hell that this property can be converted in to a rental without paying off more equity and restructuring the existing mortgage….Using the current mortgage, we would need to subsidize renters $1500/month to break even each month. Uh, no thank you.

Why am I bringing this up? If you bought over the past 3 years, this waa to be expected. It's not going to be an "investment". Of course I'm not addressing the non-financial aspects of owning your primary, which is important too. That said, I like my home and don't really care what happens moving forward. (I just wish I had a three car garage).

[Coronita]

You are making me nervous! I'm in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I've been there.

Did the house on Harvest Run close? I couldn't find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn't have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that's a big factor. I also disagree with the postings that the small garage on the Plan 1 don't fit a car. Granted it doesn't fit a big car but I am able to use it as well as the neighbors around me.

I doubt it would fit most sedan's mid-size, or any 2 door couple that requires decent side room. I sort of measured it with a short tape measure while I was looking at lot 90 last weekend. This eliminates camry,passat,a4,a6,s4,s5,m3. Guess you could probably squeeze in a 911…Humm….("Honey, only a 911 will fit in the workshop") Again, works great as a workshop, but I need a third car garage if I were to move.

Regarding belmont, there's also this one.

http://sandiego.houserebate.com/search/homeview.asp?id=1675117&p3=-1&ix=187

The previous one that NewRenter posted was very interesting. I never thought I'd see something 3400sqft in a relatively good location go for $1million this soon.

What is interesting for me is that Pardee isn't lowering prices on DH for now homes. But the way I look at it, someone that bought in 06 probably have about 0.75% lower mortgage rate than someone that buys now. For that reason, anyone buying now really is paying a lot more than 06.

The other thing I remind myself, as a home buyer from 2004…Unless you paid cash for the home, you aren't going come close to breaking even after interest payments, tax, etc in the coming years, even if you are able to sell the home at the same price you paid. So there's not point in thinking about my primary in terms of a "home value" or "investment". For example, we bought in a home in 2004 for $860k. We added about $20k in repairs/updates. Interest on mortgage and prop tax comes out to be about $30k/year. So if we were to hypothetically sell this year, breaking even is at least a list price of $970k, and doesn't include seller commision etc. No way in hell someone is going to buy our home at this price. Also there's no way in hell that this property can be converted in to a rental without paying off more equity and restructuring the existing mortgage….Using the current mortgage, we would need to subsidize renters $1500/month to break even each month. Uh, no thank you.

Why am I bringing this up? If you bought over the past 3 years, this waa to be expected. It's not going to be an "investment". Of course I'm not addressing the non-financial aspects of owning your primary, which is important too. That said, I like my home and don't really care what happens moving forward. (I just wish I had a three car garage).

[Coronita]

You are making me nervous! I'm in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I've been there.

Did the house on Harvest Run close? I couldn't find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn't have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that's a big factor. I also disagree with the postings that the small garage on the Plan 1 don't fit a car. Granted it doesn't fit a big car but I am able to use it as well as the neighbors around me.

I doubt it would fit most sedan's mid-size, or any 2 door couple that requires decent side room. I sort of measured it with a short tape measure while I was looking at lot 90 last weekend. This eliminates camry,passat,a4,a6,s4,s5,m3. Guess you could probably squeeze in a 911…Humm….("Honey, only a 911 will fit in the workshop") Again, works great as a workshop, but I need a third car garage if I were to move.

Regarding belmont, there's also this one.

http://sandiego.houserebate.com/search/homeview.asp?id=1675117&p3=-1&ix=187

The previous one that NewRenter posted was very interesting. I never thought I'd see something 3400sqft in a relatively good location go for $1million this soon.

What is interesting for me is that Pardee isn't lowering prices on DH for now homes. But the way I look at it, someone that bought in 06 probably have about 0.75% lower mortgage rate than someone that buys now. For that reason, anyone buying now really is paying a lot more than 06.

The other thing I remind myself, as a home buyer from 2004…Unless you paid cash for the home, you aren't going come close to breaking even after interest payments, tax, etc in the coming years, even if you are able to sell the home at the same price you paid. So there's not point in thinking about my primary in terms of a "home value" or "investment". For example, we bought in a home in 2004 for $860k. We added about $20k in repairs/updates. Interest on mortgage and prop tax comes out to be about $30k/year. So if we were to hypothetically sell this year, breaking even is at least a list price of $970k, and doesn't include seller commision etc. No way in hell someone is going to buy our home at this price. Also there's no way in hell that this property can be converted in to a rental without paying off more equity and restructuring the existing mortgage….Using the current mortgage, we would need to subsidize renters $1500/month to break even each month. Uh, no thank you.

Why am I bringing this up? If you bought over the past 3 years, this waa to be expected. It's not going to be an "investment". Of course I'm not addressing the non-financial aspects of owning your primary, which is important too. That said, I like my home and don't really care what happens moving forward. (I just wish I had a three car garage).

[[email protected]]

You are making me nervous! I’m in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I’ve been there.

Did the house on Harvest Run close? I couldn’t find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn’t have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that’s a big factor. I also disagree with the postings that the small garage on the Plan 1 don’t fit a car. Granted it doesn’t fit a big car but I am able to use it as well as the neighbors around me.

I appreciate your opinion.

[[email protected]]

You are making me nervous! I’m in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I’ve been there.

Did the house on Harvest Run close? I couldn’t find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn’t have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that’s a big factor. I also disagree with the postings that the small garage on the Plan 1 don’t fit a car. Granted it doesn’t fit a big car but I am able to use it as well as the neighbors around me.

I appreciate your opinion.

[[email protected]]

You are making me nervous! I’m in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I’ve been there.

Did the house on Harvest Run close? I couldn’t find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn’t have much going for it at all.

Derby Hill is substantially newer than Belmont and Lexington and I think that’s a big factor. I also disagree with the postings that the small garage on the Plan 1 don’t fit a car. Granted it doesn’t fit a big car but I am able to use it as well as the neighbors around me.

I appreciate your opinion.

[New_Renter]

The quickest way to find it is on the San Diego Daily Transcript (expensive to subscribe). I found it on a Google search for the address. Here is what it turned up:

San Diego Source > Real Estate07-0706942 — The house at 10586 Gaylemont Ln, San Diego, CA 92130, was sold on 11/06/07 at a tax value of $1000000. …

The problem, ILoveCarmelValley, is that we’re observing a moving target. Yes, maybe earlier this year $1.299 would be a decent listing price, but your neighbor is bringing their house on the market months after the Gaylemont house went on, and the market is just getting progressively worse. Not only will they have a $1M similar comp to deal with, but the bad seasonality (Nov/Dec/Jan).

Another Belmont (same plan as Gaylemont) recently came the market for $1.385 at 5560 Havenridge Way. It’s also backed up to Carmel Mountain Road. It’s nicely upgraded (incredible kitchen), but no way is it worth an extra $385K over the Gaylemont house. This seller has a serious reality check coming as well (IMHO).

If people want to sell their house in this market they need to price realistically for today’s market! Nearly everything I’m looking at in CV is priced $200K-$300K over market, and they’re just sitting there rotting away for the most part.

Again, I wish your neighbor luck. Maybe you can convince them to list for $1.199M (you did mention $1.2M in your post)? They’ll have a much better chance of getting it sold (again, IMHO).

Disclaimer: I’m not a real estate professional or market analyst, just an interested observer in CV!

[New_Renter]

The quickest way to find it is on the San Diego Daily Transcript (expensive to subscribe). I found it on a Google search for the address. Here is what it turned up:

San Diego Source > Real Estate07-0706942 — The house at 10586 Gaylemont Ln, San Diego, CA 92130, was sold on 11/06/07 at a tax value of $1000000. …

The problem, ILoveCarmelValley, is that we’re observing a moving target. Yes, maybe earlier this year $1.299 would be a decent listing price, but your neighbor is bringing their house on the market months after the Gaylemont house went on, and the market is just getting progressively worse. Not only will they have a $1M similar comp to deal with, but the bad seasonality (Nov/Dec/Jan).

Another Belmont (same plan as Gaylemont) recently came the market for $1.385 at 5560 Havenridge Way. It’s also backed up to Carmel Mountain Road. It’s nicely upgraded (incredible kitchen), but no way is it worth an extra $385K over the Gaylemont house. This seller has a serious reality check coming as well (IMHO).

If people want to sell their house in this market they need to price realistically for today’s market! Nearly everything I’m looking at in CV is priced $200K-$300K over market, and they’re just sitting there rotting away for the most part.

Again, I wish your neighbor luck. Maybe you can convince them to list for $1.199M (you did mention $1.2M in your post)? They’ll have a much better chance of getting it sold (again, IMHO).

Disclaimer: I’m not a real estate professional or market analyst, just an interested observer in CV!

[New_Renter]

The quickest way to find it is on the San Diego Daily Transcript (expensive to subscribe). I found it on a Google search for the address. Here is what it turned up:

San Diego Source > Real Estate07-0706942 — The house at 10586 Gaylemont Ln, San Diego, CA 92130, was sold on 11/06/07 at a tax value of $1000000. …

The problem, ILoveCarmelValley, is that we’re observing a moving target. Yes, maybe earlier this year $1.299 would be a decent listing price, but your neighbor is bringing their house on the market months after the Gaylemont house went on, and the market is just getting progressively worse. Not only will they have a $1M similar comp to deal with, but the bad seasonality (Nov/Dec/Jan).

Another Belmont (same plan as Gaylemont) recently came the market for $1.385 at 5560 Havenridge Way. It’s also backed up to Carmel Mountain Road. It’s nicely upgraded (incredible kitchen), but no way is it worth an extra $385K over the Gaylemont house. This seller has a serious reality check coming as well (IMHO).

If people want to sell their house in this market they need to price realistically for today’s market! Nearly everything I’m looking at in CV is priced $200K-$300K over market, and they’re just sitting there rotting away for the most part.

Again, I wish your neighbor luck. Maybe you can convince them to list for $1.199M (you did mention $1.2M in your post)? They’ll have a much better chance of getting it sold (again, IMHO).

Disclaimer: I’m not a real estate professional or market analyst, just an interested observer in CV!

[[email protected]]

I agree that the $1.299 is a bit ambitious but I think the Derby Hill house is worth at least $200K more than the Gaylemont comp. The busy road is a HUGE negative and Gaylemont had barely any landscaping, very average kitchen, and next to no upgrades. How do you get the closing prices on recent sales? The data I see is usually a couple of months lagged.

[[email protected]]

I agree that the $1.299 is a bit ambitious but I think the Derby Hill house is worth at least $200K more than the Gaylemont comp. The busy road is a HUGE negative and Gaylemont had barely any landscaping, very average kitchen, and next to no upgrades. How do you get the closing prices on recent sales? The data I see is usually a couple of months lagged.

[[email protected]]

I agree that the $1.299 is a bit ambitious but I think the Derby Hill house is worth at least $200K more than the Gaylemont comp. The busy road is a HUGE negative and Gaylemont had barely any landscaping, very average kitchen, and next to no upgrades. How do you get the closing prices on recent sales? The data I see is usually a couple of months lagged.

[New_Renter]

“Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299.”

To ILoveCarmelValley:
Your neighbor may be shocked to find out that a 3476 sq. ft. Belmont on Gaylemont Ln. just closed escrow for a flat $1M right across the street from the Derby Hill development. This was a nicely upgraded, fully landscaped newer Pardee home that (IMHO) is a nicer floor plan than the Plan 1 Derby Hill. Granted that the location backed up to Carmel Mountain Rd., I don’t see how a Derby Hill Plan 1 can command a $300K premium over that. The Gaylemont Lane Belmont is a “direct comp” for your neighbor’s house, so at best, it would appear your neighbors house is worth $1.1M (give it a $100K premium for a possibly better lot location) in today’s market. It will be interesting to see if your neighbor can find a blind “knife catcher”! Good luck to him/her.

[New_Renter]

“Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299.”

To ILoveCarmelValley:
Your neighbor may be shocked to find out that a 3476 sq. ft. Belmont on Gaylemont Ln. just closed escrow for a flat $1M right across the street from the Derby Hill development. This was a nicely upgraded, fully landscaped newer Pardee home that (IMHO) is a nicer floor plan than the Plan 1 Derby Hill. Granted that the location backed up to Carmel Mountain Rd., I don’t see how a Derby Hill Plan 1 can command a $300K premium over that. The Gaylemont Lane Belmont is a “direct comp” for your neighbor’s house, so at best, it would appear your neighbors house is worth $1.1M (give it a $100K premium for a possibly better lot location) in today’s market. It will be interesting to see if your neighbor can find a blind “knife catcher”! Good luck to him/her.

[New_Renter]

“Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299.”

To ILoveCarmelValley:
Your neighbor may be shocked to find out that a 3476 sq. ft. Belmont on Gaylemont Ln. just closed escrow for a flat $1M right across the street from the Derby Hill development. This was a nicely upgraded, fully landscaped newer Pardee home that (IMHO) is a nicer floor plan than the Plan 1 Derby Hill. Granted that the location backed up to Carmel Mountain Rd., I don’t see how a Derby Hill Plan 1 can command a $300K premium over that. The Gaylemont Lane Belmont is a “direct comp” for your neighbor’s house, so at best, it would appear your neighbors house is worth $1.1M (give it a $100K premium for a possibly better lot location) in today’s market. It will be interesting to see if your neighbor can find a blind “knife catcher”! Good luck to him/her.

[[email protected]]

Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299. I guess the price makes sense since their landscaping is done (lots of flagstone in front and outdoor fireplace), they have some nice interior upgrades, nice lot (no hill behind but no view), and there is VERY little on the market in Carmel Country Highlands. I think it might be the 1st resale in Derby Hill. They just bought in Jan. 07 but are moving for “personal reasons”. I hope it sells for that! I think that would be a good comp for the rest of the neighborhood!

[[email protected]]

Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299. I guess the price makes sense since their landscaping is done (lots of flagstone in front and outdoor fireplace), they have some nice interior upgrades, nice lot (no hill behind but no view), and there is VERY little on the market in Carmel Country Highlands. I think it might be the 1st resale in Derby Hill. They just bought in Jan. 07 but are moving for “personal reasons”. I hope it sells for that! I think that would be a good comp for the rest of the neighborhood!

[[email protected]]

Just heard from a neighbor that they are listing their Foxhound Way Derby Hill Plan 1B (French Country style) in the next couple of weeks for $1.299. I guess the price makes sense since their landscaping is done (lots of flagstone in front and outdoor fireplace), they have some nice interior upgrades, nice lot (no hill behind but no view), and there is VERY little on the market in Carmel Country Highlands. I think it might be the 1st resale in Derby Hill. They just bought in Jan. 07 but are moving for “personal reasons”. I hope it sells for that! I think that would be a good comp for the rest of the neighborhood!

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