Bill and company have another winner at the top of the hill in San Marcos with grand opening this weekend! This is a brief tour – there is much more to see:
The homes are 4,500sf to 6,200sf and those currently available are priced in the $1.3s and $1.4s with limited-to-decent views.
There is a lot here that I liked!
A couple more from the largest planned community being built in Carlsbad:
These new homes range from 3,831 sf to 5,065 sf; priced from the $1,800,000s. Including the ample exterior living space, these homes are huge – you would need 5-10 people living here for it to make the most sense:
They are also helping to bring attention to Rancho Santa Fe Farms and Rancho Santa Fe Lakes next door. Here is a professional video of a resale listed on the range $2,995,000 – $3,295,000: https://youtu.be/xesNNfvH6Zc
A recent trend in home construction points to growing polarization in the market, as more new homes come with three-car garages than ever before.
Twenty-four percent of homes built last year had garages for three or more cars, according to an analysis of Census data by Robert Dietz, chief economist for the National Association of Home Builders. That is up from 16 percent of homes in 2010, and 11 percent in 1992.
But it’s not so much that Americans want larger garages across the board. Instead, Dietz says homebuilders are increasing constructing houses for older, more monied residents, many of whom have teenage drivers and value three-, four-car garage homes.
“We’re seeing a substantial change in the mix of buyers that builders are catering to,” Dietz said. “The key point is that there has been a significant amount of weakness for entry-level, first-time buyers.”
Read full article here:
Tough luck for those who want a new one-story house – 42 of the 44 houses here are 2-story big bombers over 4,000sf, and up to 7 bedrooms and 7.5 baths!
Another look at new-home tracts and their success this year:
In spite of higher prices, our market stats look pretty good – and they don’t include most of the new-home sales either, which have been cooking. Here are a couple of examples:
The building industry is selling more new homes, but their focus is on the higher-end markets, and not much is happening for the middle class.
KPBS found a guy to whine about it on camera; but it’s a free market, and rich people are winning. It’s not going to change – what can government do?
Hat tip to daytrip for sending this in!
http://www.kpbs.org/news/2016/aug/08/housing-crisis-squeezes-middle-class/
Homeowners in San Diego County may not feel it, but a housing crisis is underway in the region, and the middle class is especially hard squeezed.
Longtime Escondido resident Guy Chandler faced a situation that may be all too familiar to many San Diego families. He described what happened at a recent San Diego County Board of Supervisors’ meeting.
“Probably the worst day of my life was in June 2015,” Chandler said. “My daughter, Jenelle, 37 years old, came to me and told me, ‘Dad, sit down. There’s something you’re not going to like. We have to move out of San Diego County.’”
Chandler’s daughter told him she was planning to take her family and move to another state because she couldn’t find a house in San Diego where she could afford to raise her kids.
“The next two days a lot of hand-wringing and crying went on,” Chandler said.
He now communicates with his grandchildren on the web via FaceTime.
“What’s my point?” he asked the board. “My point is, droves of young families are leaving the state of California because they can’t afford to live here.”
Great article from our friends at jbrec:
https://www.realestateconsulting.com/starter-home-solutions-expensive-markets/
High land prices in good locations generally force builders to build expensive homes. However, a number of builders have figured out how to build and sell entry-level homes to a growing demographic group. Builders are capitalizing on the rising number of affluent first-time buyers. These buyers tend to be dual-income, college-educated buyers with 10+ years of work experience who have delayed having children in comparison to their parents. For example, 23% of married couples had college degrees in 2014, compared to just 12% in 1990. Below is our forecast by age group for 5.2 million more homeowners over the next decade.
Many of our clients have identified fantastic solutions to address the demand of this growing demographic. Knowing exactly what this buyer wants and building the right product in the right location is crucial for success. Here are a few solutions:
https://www.realestateconsulting.com/starter-home-solutions-expensive-markets/
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
