Jan
18
New Homes in 4S Ranch
Posted by Mary Ann Morrar under For Buyers, For Sellers, Regional - West, General Information, Rancho Bernardo, 4S Ranch 92127, 92127, new homes
On Saturday, January 16, 2010, I got a chance to preview the two new home developments offered by California West Communities in 4S Ranch. I arrived at about 11 am to the first one, Andalusia. There was a big crowd of people walking through the models and enjoying snacks provided by Wahoo’s. There are 4 floor plans available ranging in size from 2,222 to 3,226 square feet. There is a very good single level floor plan which I liked. It has a good, open kitchen and “great room”. While there is no living room there is a formal dining room. The other plus is it has a guest suite. Plan three has a great island in the kitchen, however, I found that walking in the front door to the dining room unacceptable. I prefer a more formal entry. Overall, the models were perfectly decorated. There was no firm pricing as of yet but the low to mid $600k’s is what I heard the staff saying. After reading through the features page I would definitely need upgrades.
Next, I drove over to Monteluz, a proposed 63 home development here. Again there was a good sized crowd enjoying snacks provided by Brett’s BBQ (food was good). There are three floor plans ranging in size from 2,556 to 3,949 square feet. The lot sizes are larger here. The average size is about 8,281 square feet compaired to 6,900 square feet in Andalusia. Once again, there is a single level floor plan offered. If you are wondering ”what’s the big deal” about a single level home, there were no single level homes in the north section of 4S Ranch. As I walked through the models I was listening for buyers’ reactions and comments to the homes and everyone was very positive. When asked ”which home did you like best”, I was surprised that it was the single level floor plans. The prices here are said to be in the high $600,000’s. The homes and lot sizes are larger and there are better standard features such as granite counter tops than in Andalusia.
The Grand Opening is scheduled for Saturday, January 30th. Click here for directions
Find out what Homes really sold for in your neighborhood
of the 68 homes 29% were short sales. Currently there are only 32 homes for sale and 18 of those are in the contingent status (offers pending lender approval) leaving only 14 active listings of which 5 are short sales, 1 Bank foreclosure and only 8 traditional sales available for sale. WOW! -a little over a month’s worth of inventory. Shouldn’t prices start to climb? Isn’t marketing time dropping? Not yet really and I blame it on the contingent short sales. Once a property reaches contingent status all the millions of web sites need to pull the listing off the market. Go to Realtor.com, it’s flooded with contingent homes for sale which you can not even make an appointment to see. Looking at Craigslist you see contingent listings posted by other agents (not the listing agent) that have been contingent for well over 4 months - What sense does that make? Is it hurting the market? I think it is. Homes listed all over the Internet that are really no longer for sale gives the impression the market is soft. Short sale listings are receiving offers in less than a week, many have 1 or 2
back up offers waiting. The Chanteclair subdivision, North 4S Ranch, sold 12 homes in one hour on Saturday August 15, 2009. They already have a new Priority List for buyers when the new phase opens. That’s not a soft market. The Maybeck subdivision only has the models left and available for sale.
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