Downtown Carlsbad has an allure mostly because it is next to the beach, plus a good walk around town is enjoyable. But those who want to buy a home nearby have their work cut out for them – there is very little for sale.
TM is hoping to capitalize on the lack of inventory, and sell 2,100sf condos within walking distance of the village and beach that offer ocean views and a 2-car garage – for around a million dollars:
These guys say we need a more robust economy to support growth in the housing market, and Mr. Pulte says that the happy news in housing is due more to inventory shortages than demand recovery.
The national talking heads will probably be using the word ‘plateau’ until winter when they can blame the weather for something:
The “11 semi-custom and personalized estate homes designed with Agrarian inspired architecture” on the corner of Santa Fe and Lake in Encinitas are different than most new houses we see these days. The lots are 30,000sf to 53,000sf, and detached guest houses and shops can be added too.
They’ve sold eight so far!
The new development at Cannon and El Camino Real in NE Carlsbad is taking shape, though the first move-ins won’t be until mid-2016 – and the high-enders won’t be until 2017. But in the meantime, these houses will occupy the minds of buyers, so any sellers nearby will be affected.
In SE Carlsbad, we saw how Davidson’s Arterro tract helped to elevate prices throughout La Costa Oaks. But those were all similar and newer McMansions – the older homes near RR will take a backseat to the new stock.
When first announced as a 672-home development, it sounded huge – but less than half are houses. There are 308 single-family homes, 364 condominiums, 175,000 square feet of commercial development and 88 acres of open space including five neighborhood parks.
The condos are being called apartments, and are in the gray area on the map. Like many builders, they are probably hoping to rent them for ten years, and then sell them later to avoid any construction-defect lawsuits. But that high-density look will be interesting right in the middle of higher-end houses.
There is a little something for everyone – and that’s probably good because the builder has had over 4,000 inquiries so far:
The Ridge will be 1,600sf to 3,000sf houses, but those lots look smaller. Prices start in the mid-$600,000s, and they will be opening in Spring, 2016.
The Vistas will be 2,100sf to 3,900sf, and start in the $700,000s, but I think most will be in the $800,000s and $900,000s. They’ve gotten started on a piece of the existing neighborhood in the bottom right corner on the map and are taking reservations.
The Terraces will be 2,900sf to 4,600sf houses on lots that will average 6,000sf. They will start in the mid-$900,000s, and be opening n Summer, 2016.
The Bluffs will be the big bombers on the hill, though no ocean view. The houses will be 3,200sf to 4,900sf on lots that average 8,500sf. Prices aren’t announced yet, but should be over a million.
You can see here that the lots in the Vistas are brief. This is a 3,900sf house going on a lot with a 15-ft. backyard – max. It is 11.2-ft on the other side, and I think that includes the slope. The price is $934,995.
Click on the photos to enlarge the images.
Hat tip to daytrip for sending this along:
Excerpts:
SUNNY ISLES BEACH, Florida (AP) — The wow factor for Miami’s skyscraper condos no longer comes from a dazzling Atlantic Ocean view.
It takes something more audacious to sell beachfront property these days to the global ultra-wealthy who arrive in Miami with millions to spend on second or third homes. It takes words invested with meaning in the language of the international jet set:
Porsche. Giorgio Armani. Fendi.
With a slew of residential and hotel developments, Miami is embracing the notion that homes, like cars, handbags and jewelry, should carry luxe designer labels. The trend has spread from Europe, Asia and the Middle East, where developers discovered a few years ago that luxury-branded hotels and homes could command huge premiums that the moneyed set would happily pay.
The pull is so powerful that developer Gil Dezer’s Porsche Design Tower is mostly sold-out, even though construction won’t wrap until early 2016, meaning that most buyers committed millions based on blueprints.
Shaped like a piston driven into sand, the concrete-and-glass Porsche Design Tower will contain three car elevators. Each can whisk a convertible up 60 stories and then slide it into the owner’s personal steel-reinforced garage. (The owner can stay in the driver’s seat.) Inside the apartments, curved windows capture a vista of waves billowing from a midnight blue into a pale green along the shore.
“People look at these apartments as bank accounts,” Dezer said.
Read full article here:
A brief video tour of some new model homes in southeastern Carlsbad. The beauty of these smaller tracts is that they are only building 49 homes, which will probably take them two years to construct. At that rate, they only have to sell two houses per month.
P.S. The cover photo is not a graveyard!
In Carmel Valley, the P-team is cranking up the new-home production in 2015, with several new homes in all price ranges coming to market.
Sellers of older existing homes can use these as a guide for pricing – because you know the buyers will:
Just when you think the McMansion might be dying off….these Santaluz-ish new tract homes range from 4,396 sf to 7,384 sf!
They don’t have the mello-roos listed on the price sheet, and I couldn’t find any mention of it on their website either – which means it’s probably in the $400-$500 per month category?
The La Costa Town Square is open for business, and nearby new-home builders should benefit from the easy access to new shops and restaurants:
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