The accolades and voices of approval about the quality and long standing demand for good home styling, location and value continue within the Summit, Promontory and Santa Barbara areas of Carmel Valley. These well received homes were crafted by Pardee Homes San Diego Division and delivery of the first Santa Fe Summit was in early 1991 (first street occupied was Keswick Court). Original starting price of the Santa Fe Summit was in the mid $400,000 price point!
The area we are reporting on has a total of 596 homes with the Summit having 187 homes, Promontory 190, Santa Barbara and Vista Santa Barbara having 182 homes. While each subdivision had a unique floor plan configuration, most were 4 to 5 bedrooms , 3.5 baths and square footage that ranged from 2,800 to the mid 4,000 square foot in size.
Always popular as a logical “move up” home for the Carmel Valley area, these subdivisions are also extremely well located within the community – near elementary , junior high and high schools, shopping and entertainment and access to work places. Due to the variety of floor plans and ease of floor plan modification, these subdivision can rival some of the semi-custom homes built within Carmel Valley.
First Quarter Sales Results for 2016 : Summit, Santa Barbara & Promontory
The first quarter of 2016 has started a little slower than previous years for the same reporting period. There have been four closed sale transactions for the reporting period. They are as follows:
$ 1,290,000 for 3377 square feet $1,439,000 for 3160 square feet $1,575,000 for 3413 square feet
Comments and Observations for this report; As the 92130 zip code continues to grow, there is more competition for the same buyers. Pardee homes has increased it building inventory by completing subdivisions well east of the Torrey Pines High School area and terminating at Rancho Santa Fe Farms road. Many of those new homes are starting in the $1,150,000 range and afford large lots and canyon views. This growth of homes does not in anyway diminish the demand for the Summit, Promontory nor Santa Barbara areas. But we do note that , on average , homes in this section are remaining on market longer than last year.
For more insights as to the history of these subdivisions, please continue to read down the page and remember, WE KNOW THE MARKET! We want to be your go to Realtor Team. The Tucker Team….Brings home Results! Please reach us at 858 361 7050
COMMENTS ON SALES FOR 2015
We have been watching the sales in the subdivisions of Santa Fe Summit, Promontory, Santa Barbara and Vista Santa Barbara since the inception of the area. These multiple subdivisons , which were an upgrade to the successful Heights and Heights at Highlands Point, proved that location was and still is paramount to continued demand by consumers.
During 2015, there were 33 sales recorded in this area of Carmel Valley. That result is on par with the sales for 2014 where there were 37 sales.
The average selling price in the area was $ 1,403,000 and the variation of prices is very diverse due to the fact that several of the homes sold in 2015 were on incredible lots with views and expansive lot sizes. We should note that in these subdivisons compared to others in the 92130 zip code, lot sizes , views and privacy are among the most sought after within the entire Carmel Valley area.
We broke down the sales for these subdivisons by the quarter and hope that you will find the research helpful for you to track the value of your home or as a comparison if you seek a home within these boundaries.
Remember – WE ARE THE TUCKER TEAM and We Know The Market! Carmel Valley specialists since 1988!
HERE ARE THE FIRST QUARTER FOR 2015 SALES RESULTS FOR THESE SUBDIVISIONS:
3157 square feet on Winstanley Way sold for $1,249,000 with 1 day on the market
2800 square feet on Winstanley Way sold for $1,275,000 with 22 days on the market
3396 square feet on Valerio Trail sold for $1,433,000 with 111 days on the market
4008 square feet on Winstanley Way sold for $1,610,000 with 4 days on the market
HERE ARE THE SECOND QUARTER SALES FOR THE SUBDIVISIONS;
3377 square feet on El Presidio Trail sold for $1,260,000 with 69 days on market
3377 square feet on Valerio Trail sold for $1,295,000 with 2 days on market
3708 square feet on Baywind Point sold for $1,425,000 with 1 day on market
3922 square feet on el Presidio Trail sold for 1,405,000 with 5 days on market
3736 square feet on Sunset Point sold for $1,411,250 with 32 days on market
3413 square feet on Baywind Point sold for $ 1,410,000 with 22 days on market
3736 square feet on Sunset Point sold for $1,490,000 with 53 days on market
4106 square feet on Gunston Court sold for $1,650,000 with 18 days on market
3922 square feet on Valerio Trail sold for $1,625,000 with 4 days on market
3413 square feet on Wyngate Place sold for $1,650,000 with 38 days on market
4008 square feet on Bayliss court sold for $1,620,000 with 50 days on market
3732 square feet on Penfield Point sold for $1,840,000 with 49 days on market
3778 square feet on Glencliff Way sold for $1,925,000 with 162 days on the market
HERE ARE THE THIRD QUARTER SALES RESULTS;
3303 square feet on Chelterham Terrace sold for $1,305,000 with 48 days on market
4008 square feet on Wyngate Point sold for $1,385,000 with 1 + year to sell
3932 square feet on Thurston Place sold for $1,377,000 with 7 days on market
3922 squre feet on El Presidio Trail sold for $ 1,350,000 with 77 days on market
3377 square feet on El Presidio Trail sold for $1,395,000 with 22 days on market
4008 square feet on Wyngate Point sold for $1,400,000 with 53 days on market
3736 square feet on Sunset Point sold for $1,451,000 with 13 days on market
3815 square feet on Landfair Road sold for $1,615,000 with 23 days on market
3670 square feet on Winstanley Way sold for $1,700,000 with 7 days on market
4008 square feet on Wyngate Point sold for $ 1720,000 with 29 days on market
HERE ARE THE FOURTH QUARTER SALES RESULTS;
2802 square feet on Keswick Court sold for $1,374,900 with 54 days on market
3922 square feet on Sunset Point sold for $1,450,000 with 13 days on market
3307 square feet on Shadwell Court sold for $1,525,000 with 112 days on market
3502 square feet on Penfield Point sold for $1,700,000 with 1 day on market
4008 square feet on Wyngate Point sold for $ 1,800,000 with 43 days on market
3620 square feet on Penfield Point sold for $1,900,000 with 1 day on market
HERE IS THE EARLIER POST REPORTING ON SALES FOR 2014
Historic annual sales for each calendar year are averaging fourteen to seventeen homes sold ( per year) . This past year of 2014, ran well over the average with previous years with a total of 37 homes sold.
The average selling price of Santa Fe Summit was $1,455,000 which reflects an 11.82% increase in average selling price from 2013. Public records and the regional “MLS” show that there were a total of 10 homes sold within this subdivision during 2014.
The average selling price for the Promontory was $1,471,000 which reflects a .4% increase over 2013 results. Public records and the regional “MLS” show that were a total of 17 homes sold within this subdivision during 2014.
The average selling price for Santa Barbara and Vista Santa Barbara was $1,453,000 and results showed an average increase in selling price compared to 2013 as 13%. Public records and the regional “MLS” show there a total of 8 homes sold within this subdivision during 2014.
The average marketing time for a home to sell in the various subdivisions has remained virtually constant over the past 3 years and has been averaging 45 – 50 days on market until a “sale pending” sign was displayed on the property. Homes have been averaging 97% of asking price when reported as a final sale in public records.
HERE IS AN EARLIER POST REPORTING ON SALES FOR THE FIRST 9 MONTHS OF 2013
The following post ( below ) will show sales for first nine months of 2013 with prices being reflected after the video below.
Owners of these subdivisions can “celebrate” knowing the incredible success of sales for the entire year of 2013. These subdivisions, created by Pardee Homes are ideally located in the heart of Carmel Valley and offer not only current floor plan design but they also lend themselves to be great homes to enhance. There are no single story homes in these subdivisions and most homes are comfortably situated on larger lots when compared to other similarly priced homes in Carmel Valley. Therefore, it is not only but functionality that makes these homes always in demand by buyers. There are 377 homes within Santa Fe Summit & Promontory and 182 homes in the Santa Barbara subdivision.
Here is a breakdown of the 18 homes that sold within the three subdivisions during 2013
$1,125,000 Santa Barbara , slight view, short sale, cul-de-sac – 88 days on market
$1,145,000 Summit on a cul-de-sac, 2,751 square feet on a large lot – 11 days on market
$1,150,000 Santa Barbara plan 2 with 3,736 square feet, nice upgrades, non view, gated access – 10 days on market
$1,175,000 Santa Barbara that was inside gate, “short sale’, 3,922 square feet – 196 days on market
$1,190,000 Summit on cul-de-sac, average lot size, nice upgrades and 3,502 square feet, 149 days on market
$1,200,000 Santa Barbara 5 bedroom, south facing rear yard, gated access, 3,736 square feet, 88 days on market
$1,200,000 Santa Barbara 5 bedroom, non view lot, 3,922 square feet, 88 days on market
$1,250,000 Summit on great cul-de-sac, small view, plan I, 2,751 square feet – 54 days on market
$1,280,000 Summit on larger lot with pool, 2,2802 square feet , 6 days on market
$1,300,000 Santa Fe Summit, mid point of view street, 3,100 square feet, 3 days on market
$1,325,000 Santa Barbara on through street, 3,377 square feet, 117 days on market
$1,330,000 Santa Fe Summit, 3,300 square feet, cul-de-sac, pool, renovated interior 35 days on market
$1,331,000 Santa Fe Summit , corner lot of street, 3,732 square feet, 10 days on market
$1,340,000 Santa Fe Summit on through street, 3,620 square feet, large useable lot, upgrades galore, 10 days
$1,375,000 Santa Barbara on larger lot, 3,736 square feet, nicely appointed, sold in 1 day on market
$1,380,000 Santa Fe Summit on through street, not renovated, sold in 7 days
$1,380,000 Promontory, cul-de-sac, view lot, renovated, 3,708 square feet, 5 days on market
$1,419,000 Promontory, cul-de-sac, non view, pool & larger lot, 3,413 square feet, 5 days on market
$1,420,000 Santa Fe Summit on cul-de-sac, 15,000 foot lot, pool, 3,502 square feet, 60 days on market
$1,428,000 Santa Fe Summit on view lot, 2,817 square feet, smaller lot, sold in 21 days
$1,510,000 Santa Barbara in gated area, view lot, good upgrades, 3,736 square feet, 3 days on market
$1,580,000 Promontory with canyon views, renovated kitchen, pool & elevated lot, 4,008 feet , 7 days on market
$1,580,000 Santa Fe Summit on elevated view lot, panoramic views, multiple offers, 5 days on market
$1,625,000 Promontory with expansive views, pool & media room, 4,008 square feet, 47 days on market
$1,655,000 Promontory on nice lot end of cul-de-sac, pool upgrades galore, 4008 square feet, 33 days on market
We have completed our own research and summary of the data above. For a complete and current evaluation of your home within these subdivisions, please call for up to date information that will insure your highest value if you are considering selling in our current market. We have specialized in Carmel Valley home sales since 1989 and WE KNOW THE MARKET! The Tucker Team – call or text (858) 361-7050
Observations & Our Point of View:
Interestingly, the demand for the Summit, Promontory, Santa Barbara continue to remain very high. We note that upon purchase of most of the Santa Fe Summit homes, buyers are investing an average of $50,000 to $75,000 beyond the purchase price to bring the homes more “current” . Far less money appears to be spent on the Promontory and Santa Barbara homes after purchase and we feel this may because the original Summit designs are now some 20 years old and styles have changed. However, the demand as stated is still very high and consider this a benefit of the location these homes find themselves in relative to amenities such as schools, services and entertainment within Carmel Valley. We forecast continued appreciation for these great homes!
We hope you will use this report as a “guideline” to value. There are so many differences between each selling situation and we would appreciate the opportunity to bring you up to date as to your home value in our current market. We are the Tucker Team and WE Know the Market! Call us (858) 361-7050
The post that follows is from an earlier report – we hope you will enjoy the research data we present!
NOW for an earlier post which covered the FIRST quarter of 2013, please read on!
The first Quarter of 2013 sales results are being discussed in this post. At the conclusion of this first quarter 2013 update, please read further about the entire year’s sales results for 2012 – spectacular year with great results. BUT 2013 is off to a great start with the Summit, Promontory and Santa Barbara subdivisions showing great demand by buyers for this quality built section of Carmel Valley. Here are the first quarter 2013 updates and comments:
As of the time of publication of this post (4.1.2013) – there were four homes for sale in the three subdivisions: Asking prices were as follows: $1349000 for 3708 square feet on a cul de sac $1395000 for 3620 square feet on a large lot
$1589000 for 2817 square feet with ocean views $1795000 for an expansive lot with back country views
The homes in escrow found that great buyer demand generated multiple offers to purchase in many cases! At the time of posting, there were three homes that were in escrow with final asking prices being shown here – final sale prices will be published as those escrows result in a homeowner transfer of title. We found homes in escrow to look like this:
$1250000 for 3502 sq. ft. on a cul de sac $1295000 for 3307 sq. ft. on standard lot $1559000 for 3620 sq. ft. / ocean views
Sales for the first quarter were as follows: $1125000 for 3736 sq. ft. on thru street $1450000 for 3502 on cul de sac and $1510000 for 3736 sq. ft. on large lot with views
Comments to Date for Summit, Promontory & Santa Barbara : The word on the Realtor street has always been on of very favorable comments about these three subdivisions even though there is competition for the same buyers within multiple areas of Carmel Valley. Still, these subdivisions continue to demonstrate that location and pride of ownership will win over the buyers. Truly these subdivisions continue to demonstrate buyer appreciation. We have represented buyers and sellers within these subdivisions since their initial sales release by Pardee Homes and we happily continue to spread the word about the quality of these homes and the Carmel Valley lifestyle! We look forward to reporting on continued sales success of Carmel Valley and know the homes in this section will contribute to that success!
The Results Are In 2012 Sales in Santa Fe Summit, Promontory & Santa Barbara are a buyers “HIT”. Since first being introduced, the Santa Fe Summit subdivision has been a “hit” or “must purchase” within the Carmel Valley executive price point. After the change of model floor plans and upgrades which commenced with the Promontory homes, buyers gravitated yet again to these homes built by Pardee Homes. Then the introduction of the Santa Barbara and Vista Santa Barbara proved yet again that these subdivisions were viewed as a great place to call home. The resale of homes within the past 12 months , or all of 2012, have yielded sales that are truly considered “spectacular” by any standard. The reason most of these homes sell so quickly ( average time on market 28 days) is because the lots, the location and the owner care have provided an environment that home buyers seek when looking for a great home. Also, these subdivisions are in the ideal “core” of Carmel Valley….near schools, play areas, work and easily commute to great entertainment. The major work places of San Diego’s Sorrento and Torrey Research Park are just minutes away .
With 18 successfully closed transactions – we have provided a chart with data for comparison and comments which we can provide with your specific home.
COMMENTS- OUR POINT OF VIEW; With maturity that comes with a subdivision, let’s say one that is now 20 years old, maintenance and “being current” is always a concern. We are always amazed and proud to promote these subdivisions to buyers because these subdivisions always strive to remain current and mainstream to the community and housing taste changes. That is a nice way, we feel, to describe a true pride of ownership in The Summit, Promontory and Santa Barbara homes. It is not unusual for a new family who just moved into these homes to modify or augment what might be described a home with “good bones’ – these homes have that and more. A true testimony to buyers who appreciate the offerings within this section of Carmel Valley. Guess you can tell we LOVE these homes! We are The Tucker Team and we want to be your Realtor! Call us for updates and recent posts plus current values within these communities. We are always available at (858) 361.7050
The accompanying chart will show sales price and square footage sales prices
|Sale Price $||Square Footage||Sold Per Foot $||Days on Market|