Local developer offers two for one new home sale

May 11th, 2008 Categories: Real Estate News, San Diego County Community News, San Diego county Real Estate News, What to do in San Diego

SAN DIEGO– Just how desperate have new home builders become to get cash back into their coffers? How’s a 2’fer?!

Local developer Michael Crews Development is now employing this strategy of the coupon industry. If you purchase a home for $1.59 million from them in San Pasqual Valley they will throw in a new attached home in downtown Escondido valued at $400,000.

In Sunday’s Business section the North County Times(5/11/2008) reported the offer combined a 4,000 square foot, 6 car garage home with a pool with the 2,000 square foot condo. Mark Connal who is the sales director stated that the free home deal is not subsidized by raising the price of the high end homes in San Pasqual. The San Diego MLS has one home listed in San Pasqual by Michael Crews that is just over 3700 square feet, has a 4+ car garage and no pool. The listed price is only $1,099,900. Now I have never paid to have a pool put in and I am sure Mark Connal was being truthful, but $500,000 more for 800 square feet of garage space and a pool?