I often get asked by home buyers in the Carlsbad real estate market about new construction homes and their availability.
We had a good amount of new construction (mostly detached homes) in the last several years, especially in South Carlsbad, and much of that is now gone, with a few exceptions (some condos at The Bluffs, detached homes in the $1 Million range at La Costa Ridge, new homes at Viridian and Trieste at La Costa Greens - prices and availability have changed since there article were written). But there is more on the way.
Carlsbad home buyers who wish to take advantage of the $10,000 new home tax credit may have some other options this year at La Costa Greens, in addition to what you can read about in my recent post, Ways to Spend the California $10,000 Tax Credit.
DON'T FORGET about the $8,000 First TIme Home Buyer Credit also if you meet the qualifications. Imagine - you COULD get up to a total of $18,000 in tax credits.
READ MORE: $8000 First Time Buyer Tax Credit
Avellino at La Costa Greens will feature 2 and 3-story attached town homes in a small complex of about 80 homes just east of El Camino Real (within walking distance to shopping and restaurants, unless you play the lazy Californian). There are 3 plans available, ranging in size from 1650 SF up to 2216 SF, all with private yards that vary in size. Two-car garages are part of the package. Buyers, if they purchase in time, will have the option to include elevators (a plus in the 3 story) as well as some configurations to include 2 masters instead of a master plus 2 bedrooms.
A number of units will have nice views of the La Costa hills on the other side of the golf course.
READ MORE:
La Costa Greens - Master Planned Community
La Costa - A Great Neighborhood in Carlsbad, California
Units will be in several different configurations - 2 units, 3 units (with the 3-story unit in the middle), and 4 units. Phase 1 is expected to be ready for closing and occupancy by the end of November 2009. Pricing has not been finalized but my guess (and chatting with the sales person) is we may see these units starting in the mid $500s.
HOA fees are about $205 with total property taxes including Mello Roos at 1.3%. Residents will have use of the popular Presidio, the private residents club with swimming pool, spa, gourmet kitchen and meeting rooms.
Children will attend Poinsettia Elementary School in the Carlsbad Schools (most La Costa Greens communities are in the San Marcos School District).
Why not give me a call to learn more about the new construction options available to you in our popular Carlsbad real estate market?
You may want to look at the most recent Carlsbad real estate market report - prices are creeping up over the last few months and there is some great housing market information if you are considering buying or selling in Carlsbad.
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If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Passionate about solving buyer & seller real estate problems in Carlsbad & coastal North County San Diego communities. Relocation to Carlsbad and nearby is my forte! CALL or TEXT ME at (760) 840-1360.
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This is good news for the industry. Every place where builders are building is good news.
I'm touring a community in my area for new homes today. Yep. Builders are building in my area too.
BTW, they're all touting the $8,000 tax credit.
Nice post with good info for consumers. Builders hvae started building again , so it is a good sign.
Jeff
Living in paradise by you can only get better by buying a new home to enjoy it in.
Lenn - yes, it has definitely made an impact here. I have visited most of the new home communities in teh last couple of months, and while 4-6 months agoa things were not selling, now most of the inventory that was ready is now gone. That's impressive. They all have posters and info about the credit.
Jeff
I guess all of California is not the dead zone. It is great to hear. The more progress that California makes the better for all of us.
Jeff good to hear that the new construction market is thriving in your area. Hopefully the rest of the market will continue to improve.
This IS good news, Jeff. It's nice to see that San Diego County is showing signs of life.
Good Morning and thanks for the information in your area. I'd like to see more activity here in seacoast NH
Patricia Aulson/Portsmouth NH Real Estate
By the way, I got my FIRST FEATURED POST today and it's right under your post, please check it out and leave me a comment. I'd love hearing from you.
Patricia Aulson/Portsmouth NH Real Estate
It is good to hear that New Construction is moving in your area. It is still pretty slow here. Builders are doing aything they can to stay busy and keep from filing the "B" word. Some simply rode the wave too aggressively, instead of holding some back. Even though I am hearing encouraging numbers in other parts of the country, we actually sold less in April than in March. I was a little surprised by that as is, I'm sure, our board. They have been silent about April's numbers. I think we have another 6-8 months to go. Just my guess.
Gita - agreed. And I get lots of calls from folks wanting to move here who are interested in new housing, adn we have just not had a large amount of inventory under $1 million. It will be a nice addition to the La Costa real estate market.
Jeff
Tom - well I won't argue with you about paradise. And now that prices are more reasonable many more folks can actually buy a new home in Carlsbad, AND take advantage of at least 1, if not two, tax credit programs.
Jeff
Jeff it is unusual to hear about New Construction these day, so it is good to hear that it is alive and well in Carlsbad. Hopefully it will start back up every where else as well.
New construction..not happening much here, but glad to hear this market is thriving in CA.
Looks like the $10,000 new home tax credit is having some positive effects on your market. Are there any stats available on just how much it is being used?
Jeff - Nice to see that there are still parts of the country that are seeing an increase in new construction. It's a very positive sign for the real estate market in Carlsbad especially with the buyer incentives that are now available.
Hi Jeff -- More new construction, that's what our country really needs right now eh? But, people prefer new, and you do a fantastic job of communicating it to them, and I would use your services if I were in your market area. Great job!
Tribaldos Real Estate Corp.
http://www.tribaldos.com.pa
Panama, the new Miami for Latin American and European Panama has become in recent years into the new Miami not only for Latin Americans but also for many foreigners in 5 years, either for work, business or retirement, have decided to invest and installed in the country to hold presidential elections on Sunday. However, all facilities that Panama has made the investment and Residents have also brought new collateral problems such as crime organized drug trafficking. According to data migration between 2004 and March 31, 2009 were legalized in Panama about 45,000 foreigners, of whom 45% are Colombians (11,400), 12% U.S. (5,403), 9% Chinese (4,174), Venezuela 7% (3,065) and 5% Dominicans (2068). The most striking has been the Venezuelans, who in the past 4 years have tripled their presence in Panama, to create communities whole of that nationality. According to authorities, the economic, air facilities, the dollar, safety, climate, and the expansion of the Canal have provided many people in Colombia, Venezuela and United States have decided to come to Panama to invest to stay. "This is a new Miami for Latin Americans, but I'm sure for Europeans, too, for the facilities offered and that in Panama other foreign countries can not, "he told AFP Tayra Barsallo, Deputy Director of Immigration. The official explained that "many retired Americans or Canadians Panama Europe have also chosen to install. Residence permits have become a source of income for Panamanian government, which in the first quarter raised over $ 4 million for this purpose, double in the same period last year. Many of these new residents are employed by over 100 agencies international, including several UN agencies located banks of the Canal in the City of Knowledge, or more than 20 executives multinationals such as Caterpillar, HP or Sanofi Aventis, which have decided manage their operations to the continent from Panama. The facilities offered by the government of Martín Torrijos for these agencies and businesses to occupy the former U.S. base have immigration contributed to this luxury, as well as tens of thousands of homes being built in the country, mostly in the capital, where competing skyscrapers in height and boldness. Panama has taken place during the first six years of the list of best places for retirees who produces the renowned journal U.S. "International Living. For more information: http://www.tribaldos.com.pa We like Panama for a number of reasons, including: the tropical weather, the low cost of living, the reliability and efficiency you don't find in other Latin American countries, the favorable offshore banking laws, the stable economy (with the U.S. dollar as the currency), the government investment incentives that slash tax rates and fees for entrepreneurs…and give retirees discounts on everything from doctor visits to utility bills, he diverse geography (from mountain ranges to tropical islands…from a booming metropolis to vast jungles), and the fact that it is still a relatively undiscovered paradise.
For more informations
http://www.tribaldos.com.pa
George - I was actually surprised to see that they are moving ahead on building. But it is in an area by my house that many folks like (LaCosta) and other new inventory has dropped off.
Rebecca - well we are seeing some improvements but not sure I would say it is thriving yet. We are at least heading in a positive direction in some areas.
John - good question. As of 5/13 per thei database $3,23632 in credit has been allocated, with a bit over $96 million left. BUT so far they have $59,579,591 in credit applications. They have just started processing this month so I would say the activity is fairly brisk.
Donna - agreed. There are a number of builders who are not bilding too, so it is a mixed bag. Hopefully there will be a good response to the new homes, espeically with the tax credit benefit
Chris - well there is a market for the new, but I would sure like to see more of the resales go. There won't be anything actually ready to live in here in Carlsbad until Novembe at the earliest.
Jeff
Jeff: Chiming in with several above... it's awesome to hear anyone talking about new construction anywhere. We're seeing a comeback here in the Seattle / Tacoma area also. It's slow coming, but it is coming back...
Rene'