Category Archive: ‘Leucadia’
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:
This should complete our run through Leucadia for now, though there is an ample supply of new homes coming to market over the next 6-12 months that we will chronicle later:
This is one of the few places where you can find newer, larger one-story homes on good-sized lots. No wonder it blew of the market in the first few days, and over list price!
In the first four months of 2012, there were 67 REOs listed for sale in NSDCC. This year there were 24 – not counting this one:
A glorious day in San Diego, wrapped up at the coast in Leucadia:
If you had three generations trying to fit into one house, this might work:
The flippers have been on a remarkable run in 2012 – will it continue? Or will 2013 be the year that buyers start to hesitate when they calculate flipper profit vs. upgrades?
Another Leucadia flipper, this one hoping that the view stays clear!
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: