NewtoIrvine1 said:http://www.zillow.com/irvine-ca/home-values/OC-Broker said:Given that the overal oc real estate market has appreciated by at least 35% since 2011, Eastwood may be priced right. Eventually, though I think all irvine builders are going to hit a rough patch in 2016 with the glut of new homes being built and the lack of foreign money trickling in.
580k average sold price in irvine When San Mateo Launched in Early 2011
724k average sold price today
Up roughly ~25% by my count not quite the 39% appreciation in this type of house. With even cheaper construction material and cheap look i don't see how it command the 780k+ prices for phase 1
The last two San Mateo Plan 1's actually sold for $785k and $789k.