Massive 26% Markdown on Carmel Valley McMansion

[New_Renter]

http://www.sdlookup.com/MLS-076096902-6515_Caminito_Stella_San_Diego_CA_92130

Purchased 7/22/05 for $2,035,000
For Sale: $1,499,000

This is an REO orginally built by Barratt American right at the height of the craziness. There is at least one other REO in this small development (Paso Fino) in the Del Mar Ridge area of CV that hasn’t come on the market yet (6473 Mesa Norte).

See:
http://www.zillow.com/HomeDetails.htm?zprop=69021686

What do you all think? Could these mark the beginning of a Carmel Valley meltdown?

[Bugs]

That’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.

[Bugs]

That’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.

[Bugs]

That’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.

[Bugs]

That’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.

[Bugs]

That’s not the only Barratt project with problems. Their Magnolia Ranch project at Bressi has been online for 18 months now and they’ve only sold 13 units out of the 30. One of those is already going into foreclosure.

[pfflyer]

I asked this before with no responses but is the Grand Del Mar only for resort guests or are memberships available? If so does anyone know how much? Any info on Carmel Valley is appreciated. Thanks….

[pfflyer]

I asked this before with no responses but is the Grand Del Mar only for resort guests or are memberships available? If so does anyone know how much? Any info on Carmel Valley is appreciated. Thanks….

[pfflyer]

I asked this before with no responses but is the Grand Del Mar only for resort guests or are memberships available? If so does anyone know how much? Any info on Carmel Valley is appreciated. Thanks….

[pfflyer]

I asked this before with no responses but is the Grand Del Mar only for resort guests or are memberships available? If so does anyone know how much? Any info on Carmel Valley is appreciated. Thanks….

[pfflyer]

I asked this before with no responses but is the Grand Del Mar only for resort guests or are memberships available? If so does anyone know how much? Any info on Carmel Valley is appreciated. Thanks….

[Coronita]

Just curious. Is this side of CV Poway Unified? It's roughly in the middle of 56.  

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Just curious. Is this side of CV Poway Unified? It's roughly in the middle of 56.  

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Just curious. Is this side of CV Poway Unified? It's roughly in the middle of 56.  

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Just curious. Is this side of CV Poway Unified? It's roughly in the middle of 56.  

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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