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Friday, December 4th, 2009 at 9:59 AM

Coming Attractions

With resale inventory so limited in the coastal region, we could sure use some new product:

Posted on Friday, December 4th, 2009 at 9:59 AM in Builders, Jim TV, Shadow Inventory, Thinking of Buying? | 12 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Reader Comments: 12 Responses

  1. Construction jobs a comin’ to C-bad!

    john | December 4th, 2009 at 10:43 am

  2. I read again today on Yahoo the recession is over! Yippee! The sound of earth movers in reverse is not a lot different than vacant homes fire detectors beeping! Thats a funny little corner there where Lyon is taking over and Davidson is building. Its actually LaCosta Greens HOA there even though its detached from the main part of LCG and attached to Bressi.

    doughboy | December 4th, 2009 at 11:23 am

  3. LC Ridge HOA’s are a joke. $250+ for no pool, clubhouse, or anything else. Some nice homes up there, though.

    Jim, I know Bressi Ranch is often the punchline on this blog and others, but how bad can it be? I’ve seen an interior and it looked nice to me. Carlsbad schools too. There’s some huge discounts in there – much more than surrounding neighborhoods. How do you rate Bressi vs Rancho Carillo, LCG, LCV, LCO, etc.? Is LCV $150-200k better?

    The Blur | December 4th, 2009 at 11:31 am

  4. in this case the new builder has done their homework.

    they are looking at just $118k per lot. at $100/sqft, a 3500 sqft home would cost them $468k!

    and they’ll try to start at $600k, even if they have to go down to $560k, they’ll still clear $100k per home.

    are you telling me people would not want a 3500 sqft home with Carlsbad address for $560k?

    ocrenter | December 4th, 2009 at 1:27 pm

  5. They are also starting to breakground on a new master-planned development at El Camino and College in Carlsbad–Builders obviously think today’s demand is enough to absorb all of this new product:
    http://news.yahoo.com/s/prweb/20091203/bs_prweb/prweb3289634_1

    Local Boy | December 4th, 2009 at 1:34 pm

  6. Your tone really changed once you bought a house ocrenter. Great blog back in the day though.

    Genius | December 4th, 2009 at 2:46 pm

  7. I was never a permabear. the tone never changed, $170/sqft for Carlsbad, even with San Marcos schools, is a very decent deal.

    ocrenter | December 4th, 2009 at 2:57 pm

  8. Fair enough, I’ll give you that. If I could pick up a new 3500 sqft house in the mid 5′s I’d probably do it. Assuming the builders are resigning themselves to 20% margins.

    Genius | December 4th, 2009 at 4:37 pm

  9. $170/sqft for Carlsbad, even with San Marcos schools, is a very decent deal.

    Hell yeah it is. We’re talking sanity, California-style.

    tj & the bear | December 4th, 2009 at 7:16 pm

  10. Could this be the community that Lyons just took over near Bressi Ranch?
    http://sandiego.lyonhomes.com/homes/community.php/Miraval_at_La_Costa_Greens.html?c=341

    Erin | December 5th, 2009 at 10:57 am

  11. Those new Carlsbad areas including Bressi off Pointsettia are too wanna-be pretentious. I wouldn’t spend $550K for a $3500 house in that area. They’ll end up getting bid up anyway. For that price they can have them.

    3clicks from da beach | December 5th, 2009 at 8:37 pm

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