Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1742451 times)

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Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2955 on: July 02, 2021, 10:41:04 AM »
https://www.redfin.com/CA/Irvine/77-Sunset-Cv-92602/home/58551711

motor court, 2 stories, 6800 sqft lot, no view but $992/sqft  :o

As someone in my very early 20's this looks like a fun house to own but by the time (if) I were to accumulate enough to purchase such a house I feel I'd be too old and just over the hassle of all that.

That pool is way too close to the house.  My kids would splash water on the stucco and windows all day.

Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2956 on: July 02, 2021, 10:42:58 AM »
https://www.redfin.com/CA/Coto-De-Caza/14-Flat-Iron-Rd-92679/home/5822221?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link&2010988919=control

I live very close to this house, wonder how much it will go for

I thought you lived in the Turtles.  When did you move to Coto and how do you like it so far?

Offline Goriot

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2957 on: July 02, 2021, 11:00:38 AM »
Love this thread, finally I get to post a whopper of a STEAL!  https://www.zillow.com/homedetails/100-Headwaters-Irvine-CA-92602/325856991_zpid/

$5.58Million USD asking price!  Pics say it all...

Price raised to $5.98 million?  $6 million wow.  I thought $5.58 million was high Lol.  Are they raising the price based on buyer interests?

https://www.redfin.com/CA/Irvine/100-Headwaters-92602/home/143911345



Offline callmehere

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2958 on: July 02, 2021, 12:41:03 PM »
Wow, probably because some houses are now under contract, 184 Leafy Pass was last listed at almost $5 mil, but at least that had landscaping done

Offline CLB_srA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2959 on: July 02, 2021, 12:45:30 PM »
IK this thread is for outlandish listings, however https://www.zillow.com/homedetails/13-Cedarglen-23-Irvine-CA-92604/25712875_zpid/ this seems like a cool find, probably first owner too since the annual property tax is only $500, that's insane.

Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2960 on: July 02, 2021, 01:26:23 PM »
IK this thread is for outlandish listings, however https://www.zillow.com/homedetails/13-Cedarglen-23-Irvine-CA-92604/25712875_zpid/ this seems like a cool find, probably first owner too since the annual property tax is only $500, that's insane.

Ya, that's definitely one they should keep as a rental property with the low property tax rate.

Offline The California Court Company

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2961 on: July 02, 2021, 07:57:54 PM »
6 million is well worth it, as it is the furthest from the landfill and Asphalt. Wondering any sucker made big from cryptos will park their money with this one.

Love this thread, finally I get to post a whopper of a STEAL!  https://www.zillow.com/homedetails/100-Headwaters-Irvine-CA-92602/325856991_zpid/

$5.58Million USD asking price!  Pics say it all...

Price raised to $5.98 million?  $6 million wow.  I thought $5.58 million was high Lol.  Are they raising the price based on buyer interests?

https://www.redfin.com/CA/Irvine/100-Headwaters-92602/home/143911345
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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2963 on: July 03, 2021, 02:02:16 PM »
Not in Irvine but I almost fell off my couch when I was this listing in Foothill Ranch...

https://www.redfin.com/CA/Foothill-Ranch/16-Alamitos-92610/home/4797961

Over $640/sf in Foothill Ranch?  Yeah, keep dreaming...the market is strong but not that stupid.
« Last Edit: July 03, 2021, 02:10:04 PM by USCTrojanCPA »
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Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2964 on: July 03, 2021, 02:23:38 PM »
IK this thread is for outlandish listings, however https://www.zillow.com/homedetails/13-Cedarglen-23-Irvine-CA-92604/25712875_zpid/ this seems like a cool find, probably first owner too since the annual property tax is only $500, that's insane.

Ya, that's definitely one they should keep as a rental property with the low property tax rate.

I was very sad when I sold a home in the Torrance area with annual property taxes of $700.

Offline Irvinehomeseeker

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2965 on: July 07, 2021, 11:32:20 AM »
Seen some areas I am interested start to have price drops. Is the top in?

I am also seeing some price drops and increase in Days on Market. May be ppl are fatigued by the increased prices? But interest rates are still low...

Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2966 on: July 07, 2021, 12:12:19 PM »
Seen some areas I am interested start to have price drops. Is the top in?

I am also seeing some price drops and increase in Days on Market. May be ppl are fatigued by the increased prices? But interest rates are still low...

Here's data for median sales price and DOM for total MLS, OC, and Irvine. It is 1 month lagged data though but I don't expect July to be too different from June.

Sales price (MLS down, OC flat, Irvine up)
https://i.imgur.com/ucY3A1d.jpg

DOM (still around 7 DOM for all)
https://i.imgur.com/trXTyzF.jpg

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2967 on: July 07, 2021, 12:32:05 PM »
Seen some areas I am interested start to have price drops. Is the top in?

I am also seeing some price drops and increase in Days on Market. May be ppl are fatigued by the increased prices? But interest rates are still low...

Sellers are listing their homes for higher and higher prices so we'll begin to see overpriced homes sit on the market as more and more buyers get priced out of the market for the time being.  This is exactly how the last big run-up in 2013 ended after prices went up about 20%. Homes that are priced right and show well still fly into escrow with multiple offers.
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Offline CLB_srA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2968 on: July 07, 2021, 08:40:04 PM »
https://www.corcoran.com/southern-california-real-estate/for-sale/irvine/129-bosque-irvine-ca-92618/58534299


a 3k sq ft 3 story house has an elevator in it? HM did the builders charge for this spec... doesn't seem practical but that's pretty cool.

Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2969 on: July 07, 2021, 08:42:19 PM »
https://www.corcoran.com/southern-california-real-estate/for-sale/irvine/129-bosque-irvine-ca-92618/58534299


a 3k sq ft 3 story house has an elevator in it? HM did the builders charge for this spec... doesn't seem practical but that's pretty cool.

That was standard in this neighborhood. It's called Obsidian.

 

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