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I think the same home in Turtle Rock would sell for over $2m today.

Got word from escrow yesterday afternoon that the transaction closed. The final sales price was $1,835,000. Congrats to both the buyer and seller.

Elevate at Great Park? Is this for their Orchard Hills homes or are they building homes at Great Park?

My updated Shady Hollow Plan 2 single-story single story home in Northwood went Active on MLS earlier this morning. The home was built in 1979 and features 3 bedrooms and 2 full bathrooms along about 1,5,07sf of living space with a 4,850sf lot and has No HOA and No Mello Roos. The home is listed...

The sad truth is that in Irvine I can count the number of FHA and VA buyers in a month on one hand.

They ARE driving the market in Irvine today. When you see non-view, non-large lot homes closing for over $1,000/sf they are mostly purchased by cash buyers.

Yet over 50% of homes in Irvine today are purchased for all cash. Your bar chart means very little today unfortunately. Also, not all financed buyers are only putting 20% down.

Of course there will always be more people than homes available for sale. That is why I keep telling people to focus on how much inventory is on the market in terms of # of months of inventory. With the level of homes available for sale in Orange County today and given that there were about...

Considering you have less than 3,000 homes even if 1/2% of those people are buyers in the market there's still more buyers than homes available.

I know that I sound like a break record but pricing is heavily influenced by the supply of homes on the market. Interest rates are only one component that can influence the demand side but the numbers of homes on the market is the big driver as it is the supply side. Until inventory increases...

Orange County inventory levels have been hovering around 2,800 for a past few months which is lower than every month in 2023 except for December 2023. You can see inventory is only 30-40% of the levels in 2019.

It depends on the builder and the circumstances. If you just have a chance of heart no you won't be able to get your deposit back but if it's due to a job loss or relocation then they may be open to refunding you the deposit (plus given how strong the market is). I would recommend speaking to...

I listed a turnkey Glen Willows SFR home in West Irvine earlier this week on Wednesday on MLS. The home was built in 2000 and features 4 bedrooms and 2.5 bathrooms along about 2,00sf of living space along with an oversized lot that has a saltware pool and spa. This is my former home that I...

I sold a Meadows home for my dad so I'll put that in there too.

I purchased a home back in 2022. I wonder if I can get anything even though I represented myself. :ROFLMAO:

They won't get list for that home given what Sierra Siena closed for.

We got a total of 4 offers in and will be sending best & final counters tomorrow.

That is correct. You take the basis of the "exit" property and then you add the difference of the sales price of the "move up" property minus the sales price of the "exit" property. So in your example, the basis would be $700k + $500k = $1.2m and the property tax on the "move up" home would be...

Unfortunately if you have signed in with the builders, they will not allow you to register with an agent. Their rule is that your first physical visit to the sales office has to be with your agent in order for your agent to qualify for the builder's commission.

Besides the commission rebate, I provide consultation to my new home buyers on which options to select and provide all the referrals that they'll ever need (inspectors, lenders, and contractors). Some agents just sign you in and split the commission with you and do nothing else, I like to be...