Last time I checked very little was selling in Encinitas Ranch, particularly 2M tract homes. In LC Greens, Pulte is having a lot of trouble selling beautiful homes with golf course frontage which are perhaps the best in the tract. As for LC Ridge, lass time I stopped by the sales reps were very very lonely (i.e maytag repairman) and sales were very very slow.
You are correct that there havent been dramatic discounts. Just lots of overpriced inventory rotting on the shelves.
Last time I checked very little was selling in Encinitas Ranch, particularly 2M tract homes. In LC Greens, Pulte is having a lot of trouble selling beautiful homes with golf course frontage which are perhaps the best in the tract. As for LC Ridge, lass time I stopped by the sales reps were very very lonely (i.e maytag repairman) and sales were very very slow.
You are correct that there havent been dramatic discounts. Just lots of overpriced inventory rotting on the shelves.
Agree that it’s just one data point. The trend is what is important and thus far it has been very slow. I’m just wondering when it will go hyperbolic if it will at all?
Agree that it’s just one data point. The trend is what is important and thus far it has been very slow. I’m just wondering when it will go hyperbolic if it will at all?
I would think they could care less about median income numbers. What they should be looking at is the count of households with specific incomes/net worth in the immedaite as well as feeder areas.
I would think they could care less about median income numbers. What they should be looking at is the count of households with specific incomes/net worth in the immedaite as well as feeder areas.
