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Jim Klinge
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Posted by on Dec 8, 2012 in Bubbleinfo TV, Builders, Carmel Valley, Frenzy | 8 comments | Print Print

Firing All Guns At Once

The Carmel Valley market should bust loose in February when Pardee opens not one but two new tracts – here are the details on the one in PHR:

Construction is under way by Pardee Homes at its Watermark, a neighborhood of new luxury homes in the Pacific Highlands Ranch master-planned community.

The 87-home single-family detached neighborhood is expected to open for sale in late February 2013, according to Matt Sauls, director of marketing for Pardee Homes.

Pricing is anticipated to be from $1 million.

Each of the three two-story floor plans will have five bedrooms and square footage ranging from approximately 3,394 to 4,163 square feet. Room options may include an available outdoor living room, game nook, library or complete suite with private entry.

“Watermark includes Pardee’s LivingSmart brand by incorporating standard and optional measures that boost energy efficiency, help reduce water consumption and improve indoor air quality,” Sauls said.

With LivingSmart, energy efficiency exceeds California’s Title 24 criteria with water-thrifty appliances, plumbing and the use of low volatile organic compound materials, officials said.

Buyers can also add such features as photovoltaic systems for in-home solar power, whole house water filtration, and tankless water heaters.


  1. Their floorplans don’t impress me nearly as much as those for TB & especially SP in Stonebridge.


  2. They could afford to put more into them too.

    Most everyone knows that Pardee purchased all their land back in the 1980s.

    The ditch-front lots in Brightwater? The tax-assessed lot values, which are based on their purchase price, are $11,000.

    The interior lots are $9,000.


  3. Squeezing that land for everything, too — those houses are really close together.


  4. Is 87 homes really going to make a huge difference in the market? Is inventory that low? Seems like you would need thousands of new homes to keep up with population growth.

    I wonder how much of each home price consists of fees and permits? Do you think it is 100k per house for fees and permits?


  5. Agreed, the 87 doesn’t sound like many, but there have been 91 CV houses sold this year between $1M and $1.2M. These will be dripped out over the next two years, so either they will supplant a significant amount of resale listings, or provide quality competition (likely to be both).

    What they do provide is a standard measuring post for all to use.

    Sellers should tour the models before pricing theirs nearby, and you know buyers will consider new-builts a better choice because they can customize.


  6. The theme that comes to mind.


  7. I agree with TJ. Reach out and touch someone – and it’s your neightbor! And for a mil plus – no thanks.



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