This new tract at the top of the hill in Carlsbad couldn’t have timed it much better, with the overall market being fairly steady since they opened.
They’re one of the few new-home tracts in the Encinitas school district that have ocean views, and are now selling from the low-$800,000s to $1 million-plus.
The first clip of this youtube is a drive-through when they were just starting to pour slabs in March, 2009, and the rest is from a few days ago:
Here is a tour of the models from September, 2009:
Nice video Jim! That area is interesting…..have you seen that big house at top of the hill in that development? It’s a custom and the views are AMAZING! It’s strange to have one huge custom in the middle of tract homes…haha.
It mist have a 270 degree view…..see if you owner will give you a tour! It’s quite a house.
I think the custom house is being built in La Costa Ridge. I tend to like that neighborhood a little more because it’s gated, homes look a little more seperated with larger lots. The Copperwood homes (in my opinion) look as though they have really inferior, yet trendy, content with small lots. We looked into them and found out the ocean view lots were at least from the low $1 millions and the non-view lots began in the low 700s. Is that sunset view really worth 300k?
Power lines. Sorry, but that is an automatic disqualification.
I’ve seen those. They look nice inside – very contemporary. They seem to be selling well. But those power lines . . . only a few (including the models, of course) aren’t egregiously close. And even with the nice sunset views in the background, you’re reminded that they’re not far away.
Power line properties should be discounted in an amount equal to thyroid removal surgery.
Good luck with that.. San Clemente has its own wasteland in the name of Marblehead Coastal, and it is on a bluff above the ocean west of I-5.. project halted, bankrupt builder. Too many homes got built to fast in Orange County.. no need for more; and then there is Talega! A beach communities own inland empire..
Interesting as it relates to bubbleinfo’s area.
http://www.nctimes.com/business/article_fa8b8a2a-0fc6-526a-b125-d86bec3d79c4.html?mode=story
not a million dollar view IMHO. power poles lining the horizon would spoil it for me
I love the sunset vid’s – I keep hoping for the green flash. I’ve only seen it twice, in real life.
I love how many people think power lines or a busy road nearby or a visible neighboring house or whatever suddenly makes all houses worthless in an urban enviornment. If you want to live on a ranch by yourself with only solar power, that’s one thing, but you will have the artificats of modern urban living as a price for living within view of the ocean.
Jim, in your honest opinion, what is that view worth compared to the same house with the same content and same lot size but with no view at all?
Wonder what it would cost to bury the power lines for that 1 stretch of homes so as it may not obstruct their view?
re #10, no not worthless – just less desirable and less likely to achieve 7 figure sales
#10 – we finally got our dream home away from busy streets, visible neighbors and power lines.
I wouldn’t trade it for any house close to any of the above, even if it had twice the square footage.
That’s just me, if you want to live near them (and I bet you already do) that’s your choice and I respect that…it’s a perfectly valid choice.
If powerlines are on your list of worries then life is good for you! Congrats!
Punky, that’s easy. Only a few homes in that development have that view. Jim went to the premium spot. And not all the homes across the west fence are remotely equivalent. One home sits right next to the power line. Can’t imagine listening to that buzz non stop. Another has a large lot and good square footage and is away from the buzzing. But you can answer your own question by looking at sales prices of homes not on that west facing fence line. Check out sdlookup.com for closed sales prices in south Carlsbad for that data.
nice post by the way
re: #16
I guess 300k is the answer – wow! I thought those days were behind us!
In my mind a view premium is limited to $100,000 max. If you are paying more than that, it better be super-spectacular.
I’d give these in Copperwood the max, but no more. The fog/haze blocks the view for at least 1/4 of the year, and if you have a life you won’t be home 1/2 the time. Don’t pay crazy money unless you know you’ll get the benefit.
I don’t know Jim…never talked to him, never met him. But I do enjoy the videos and humor. If you plan to go to these developments, I’d call him to meet you there so he can get the commission. You have to go with a realtor your first visit for them to get the commission. What other realtor are posting witty walk throughs?
My realtor is getting this easy money because I threw him a bone and invited him along to a new home preview, knowing he had no real part in the sale of the home. But he opened a few resale homes for me so wanted to make sure he got a few (big) bucks. I just like seeing the people that get out there and WORK for a living (posting videos is a lot of work) get some compensation.
Sheesh I should get a percent for that endorsement.
Describe the $100+ view?
1. Oceanfront.
2. 360-view, or sunrise and sunset (like doughboy’s)
3. Completely unobstructable (rare).
4. Full ocean plus islands and/or night-light.
5. A view that makes everyone say “Wow” when they walk in.
But generally views are over-rated.
justme,
I appreciate the endorsement – if anyone ever does it, I’ll remember you.
Do you remember the time that LGS and I went into the Lennar tract together? He had never signed a card, but because the sales guy somehow remembered that LGS had visited months before, he refused to allow me to represent him.
LGS walked out instead – and we were there to buy a house.
For those who asked, I don’t live near high tension power lines, but I do live in an old East Cosat neighborhood now, and all the power (and cable and phone) is above ground, except in the new consturction. So, its pretty much a non-event around here. I’ve never heard anyone say “I won’t buy this house because it has power lines”. I suppose if it was that important to you, you could live in the new consturction around here (or condos), which don’t have those lines, but those neighborhoods are less desirable. Of course, as an old neighborhood, we don’t have high tension power lines buzzing either.
“Of course, as an old neighborhood, we don’t have high tension power lines buzzing either.”
That’s the key. Big difference between local overhead power and major high tension grid towers.