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July 9, 2008 at 3:09 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236346July 9, 2008 at 3:09 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236210oceanbreezeParticipant
[quote=pepsi]The people that buy in CV are not the people employed by QC in the last 7 or 8 years.
[/quote]You can’t assume that. If you did a research of new CV communities developped in last 7-8 years, then you’ll find a decent percentage of buyers are from QC. Also a lot of people relocated from Bay Area, they just say the CV house is so cheap with such good school.
July 9, 2008 at 3:09 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236338oceanbreezeParticipant[quote=pepsi]The people that buy in CV are not the people employed by QC in the last 7 or 8 years.
[/quote]You can’t assume that. If you did a research of new CV communities developped in last 7-8 years, then you’ll find a decent percentage of buyers are from QC. Also a lot of people relocated from Bay Area, they just say the CV house is so cheap with such good school.
July 9, 2008 at 2:27 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236332oceanbreezeParticipant[quote=pepsi]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest. [/quote]Something very special to CV:
1) Only Pardee building new homes there and Pardee bought the land in dirty cheap price, so it’s very reluctant for Pardee to drop the price unless the floorplan issue (like Carriage Run plan1) or location issue (like Bridle Ridge);
2) The biggest employer in San Diego runs very good in these years, and it recruited thousands of people from outside of San Diego. So the strong demand for close-by and good school district housing exists all over the north county especially CV because it’s close to SV;July 9, 2008 at 2:27 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236150oceanbreezeParticipant[quote=pepsi]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest. [/quote]Something very special to CV:
1) Only Pardee building new homes there and Pardee bought the land in dirty cheap price, so it’s very reluctant for Pardee to drop the price unless the floorplan issue (like Carriage Run plan1) or location issue (like Bridle Ridge);
2) The biggest employer in San Diego runs very good in these years, and it recruited thousands of people from outside of San Diego. So the strong demand for close-by and good school district housing exists all over the north county especially CV because it’s close to SV;July 9, 2008 at 2:27 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236276oceanbreezeParticipant[quote=pepsi]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest. [/quote]Something very special to CV:
1) Only Pardee building new homes there and Pardee bought the land in dirty cheap price, so it’s very reluctant for Pardee to drop the price unless the floorplan issue (like Carriage Run plan1) or location issue (like Bridle Ridge);
2) The biggest employer in San Diego runs very good in these years, and it recruited thousands of people from outside of San Diego. So the strong demand for close-by and good school district housing exists all over the north county especially CV because it’s close to SV;July 9, 2008 at 2:27 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236287oceanbreezeParticipant[quote=pepsi]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest. [/quote]Something very special to CV:
1) Only Pardee building new homes there and Pardee bought the land in dirty cheap price, so it’s very reluctant for Pardee to drop the price unless the floorplan issue (like Carriage Run plan1) or location issue (like Bridle Ridge);
2) The biggest employer in San Diego runs very good in these years, and it recruited thousands of people from outside of San Diego. So the strong demand for close-by and good school district housing exists all over the north county especially CV because it’s close to SV;July 9, 2008 at 2:27 PM in reply to: Any news about Carmel Valley Saratoga/ Derby Hills “Holding Value”? #236345oceanbreezeParticipant[quote=pepsi]CV inventory is hitting 300 these days, and I swear that I can almost feel the tension between the buyers and sellers as they are in a stairing contest. I don’t see price reduction very often and the houses are staying on the market for a lot longer than 3 months ago.
However, with jumbo rate at 7-8%, it is hard to imagine that sellers will win the contest. [/quote]Something very special to CV:
1) Only Pardee building new homes there and Pardee bought the land in dirty cheap price, so it’s very reluctant for Pardee to drop the price unless the floorplan issue (like Carriage Run plan1) or location issue (like Bridle Ridge);
2) The biggest employer in San Diego runs very good in these years, and it recruited thousands of people from outside of San Diego. So the strong demand for close-by and good school district housing exists all over the north county especially CV because it’s close to SV;oceanbreezeParticipant[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.
What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.
Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]
Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.
From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;oceanbreezeParticipant[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.
What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.
Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]
Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.
From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;oceanbreezeParticipant[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.
What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.
Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]
Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.
From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;oceanbreezeParticipant[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.
What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.
Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]
Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.
From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;oceanbreezeParticipant[quote=WayneBruce]I just visited a few 4S communities this Sat, 7/5. Remaining in Phase 4 in Maybeck, Plan 2 is going from $659k – $684k. Plan 4 at 3481 ft. baselines from $678k – $696k with upgrades. Plan 3 is still holding steady at $731k from April of ’07 when I last visited, but it now comes with the guest house, representing about a $40k drop.
What is disgusting is Chanteclair. They showed me a price sheet of their Phase 3A that’s sold out. Nothing less than $678k, but we’re talking about 3000 sq. ft. here, much smaller than Maybeck. I couldn’t believe it. The sheet shows a plan 1 at 2901 sq. ft., selling for $710K!! Compare that to Plan 4 of the Maybeck, I couldn’t believe it.
Anyhow, price gouging is still alive and well at 4S if places like Chanteclair is still fetching those prices. We still have a ways to go…[/quote]
Personally I know a lot of people interested in Chanteclair more than other 4S developments. Nice floorplan and decent lot size ~6000 sqf.
From my opinion, the main drawbacks of other developments are:
1) Piennza: urgly floorplan and poor standard configurations;
2) Maybeck: don’t have backyard;
3) Silhoutte: the lot size is too small for 3000 sqf house, 4000+ sqf for current phase;oceanbreezeParticipantIn the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.
oceanbreezeParticipantIn the past 12 months, the main reason why 4S dropped much more than other communities in PUSD is just because of the overbuilt. As soon as we see relatively stable in new home market, the downward trend should be slowed down. Another thought is if the Carmel Vally doesn’t go down much, then the 4S will have support because more and more people will choose 4S instead of CV considering the huge price gap (50%) for the 3000+ sqf home now.
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