North Leucadia

by | Sep 12, 2013 | Bubbleinfo TV, Builders, Flips, Leucadia | 4 comments

The two big Pardee tracts in Carmel Valley haven’t disrupted the resale market – instead, with deliveries being so far out, they have probably helped resales which have a more-immediate occupancy.

Leucadia might be different – Shea is building enough new mid-range homes that the resale market might feel it next year.

At this location off Vulcan, Shea is building 39 houses from 2,520sf to 3,041 sf (which hopefully should start under $1,000,000), and 30 townhouses from 1,276sf to 1,575sf.  They decided not to use my suggested Train Track Estates:

The Bubble’s Full Circle

by | Dec 4, 2012 | Bubbleinfo TV, Builders, Encinitas, Frenzy, Leucadia | 3 comments

Barratt’s old Nantucket tract, foreclosed by BofA and then given to Shea Homes for $3,975,000 in March, 2011, is almost completed. This one Leucadia tract exemplifies the bubble experience from the peak in 2007, to where we are today.

The house for resale featured towards the end sold for $2,258,000 in 2007, short-sold in November, 2011 for $1,375,000, and is now listed for sale at $1,675,000:

Barratt sold seven of the houses in the first phase for $2,000,000+  Some of the past coverage:

http://www.voiceofsandiego.org/housing/article_3c4ad63c-713c-52a0-8260-0433c02dc882.html

http://www.utsandiego.com/news/2009/aug/11/real-estate-slump-blamed-barratt-americans-failure/

http://www.voiceofsandiego.org/survival/article_586758f8-7aeb-5dba-b348-92d2e29a3b34.html

http://www.builderonline.com/development/former-barratt-american-leader-now-building-out-foreclosed-developments.aspx

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