bubbleinfo.com

Towards the end of this video, Pardee’s Shaw Lorenz development is mentioned, the 136-homesite development which remains quiet (unless someone has heard more?).  They have said in the past that it would be a custom, and semi-custom development, but at this point who knows if they’ll be selling lots or houses.  They’d be smart to continue where Derby Hill left off – there would be buyers willing to pay $1.5 to $2.0 million for those same houses on acre lots, and it would be a safer bet for Pardee than selling vacant lots for custom homes.

Click here for  the last post that covered the same area, but includes jets and the same golf hole. A comment was left reminding us that the connection to the 56 freeway isn’t a done deal.

Click here for the story about the Craftsman home featured in San Diego H&G Magazine.

For those with vision who want to build the ultimate trophy property, this is a deal – now $399,000!

There aren’t many panoramic views better than from the Rock House, and rarely are they for sale.

For those who are thinking of building out the ultimate trophy property, take a look:

Click here for the Google Earth map.

From sddt.com:

San Diego County seems to be in the best shape in California and in better shape than most around the United States when it comes to recovering from the recession in terms of residential construction.

Jonathan Smoke, executive director of research for Hanley Wood LLC, gave a forecast of new home building in San Diego County at a Building Industry Association breakfast program Thursday and said San Diego County is closer to recovery based on data and research.

Smoke, a builder-turned-researcher, first mentions that San Diego is set to recover sooner rather than later since the county was one of the first infected by foreclosures, which led to people renting instead of owning and current supply versus demand data.

“Homeownership declined first in San Diego,” said Smoke, to a room full of homebuilders. “Expect San Diego to recover first in California because it got into this (mess) first.”

Smoke said to have avoided the vacancy of almost no new home construction the past few years, builders should have stopped building in 2006, based on supply versus demand analysis at that time. He added that supply of homes for sale was greater than demand in 2008 and 2009, but that in 2010 supply and demand for home sales and homeowners has started to level off.

“San Diego banks outsold builders five-to-one in 2010,” said Smoke, adding that he expects one more year of foreclosures, and then it will take 18 months for banks to sell them before builders are out selling again. “You, followed by San Jose, are the best home-buyer markets in California right now.”

Smoke added that the bright spots in San Diego County for homebuilders right now are Carlsbad and the city of San Diego, and traditionally the coastal region and the North County inland area are the most stable areas.

Smoke finished his discussion by telling new homebuilders in the audience that they should pay attention to age demographic trends, especially to the baby boomers now because the younger generation that does buy homes tends to buy used or foreclosed homes.

“Baby boomers are retiring at an older age than their predecessors,” Smoke said. “You need to find out what will they do? Will they buy a new home? Remodel their current home? Retire in a rest home? Will they move out of San Diego? Probably not, but baby boomers have different tendencies than their predecessors.”

Smoke said to avoid the same mistakes as before, homebuilders cannot go off their gut instinct. It is not a winning formula anymore when it comes to knowing where and when to build.

“Construction industry officials need to understand why one community is better than another so builders can make better business decisions,” Smoke said.

“I hear builders say, ‘I know a good piece of dirt when I see one,’” said Smoke, comparing it to the quote “I know talent when I see it” in the book “Money Ball.” He added that builders need to go away from gut instincts and follow leads based on research and data to tap new market opportunities.

There are a number of these 1950s-style bungalows throughout Old Carlsbad, many of them occupied by their original owners (and kids who return).  I’m not sure she was one of the originals, but the tax-assessed value is $68,049!

If you’d prefer to buy an older house in a prime location, your patience will most likely be tested.

Sellers tend to have low, or no, mortgage balance, and they’ll only move when they don’t have any other choice - plus they love to hold out on price. 

The houses are usually dilapidated, because when they only paid $38,500 like they did on this street in the 1960′s, the thought of spending $15,000 for a new roof sounds outrageous.  Heck, if it’s leaking, you can always buy a couple of extra buckets!

But if you can outlast the initial aggravations, you can end up with the home of your dreams on a quiet 10,000sf culdesac lot with panoramic ocean view and no HOA or Mello-Roos fees for about the same money as a tract house:

The SOHO home tour is tomorrow, Sunday March 27th – for more information, click here:

An unprecedented tour of the first homes built in the over 50-year career of Cliff May, known as the father of the American Ranch House.

This is a once in a lifetime opportunity to tour the very first homes built by Cliff May. The fabled homes, designed and built between 1932 and 1936, showcase the work of this Southern California Master Builder. The six homes on tour include the first five out of six he built (a sixth was lost) and one of the few Monterey style homes he built, a style that became popular by the late 1930′s.

Located in several communities, Talmadge Park, Presidio Hills, Point Loma, and Loma Portal, and representative of the California ranch style, these homes are the result of May’s experimental early hacienda style and his fascination with the early California adobe haciendas and ranchos. The visitor will be able to see firsthand the origins of the signature style of this master designer, builder, and architect for the first time.