Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1778245 times)

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Offline irvinehomeowner

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3135 on: November 26, 2021, 10:31:15 AM »
When did this thread become crazy prices that people *are* paying?

So hard to be a buyer in Irvine right now.
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Offline akula1488

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3136 on: November 26, 2021, 10:52:14 PM »
Uh...that's an attached property for 2m and over $1k/sqft? WTF
Are you sure it is attached?

Offline HMart

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3137 on: November 27, 2021, 04:00:25 PM »
Uh...that's an attached property for 2m and over $1k/sqft? WTF
Are you sure it is attached?

Sorry, I should have clarified, I was responding to the Turtle Rock property.

Offline The California Court Company

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3138 on: November 29, 2021, 06:35:04 PM »
even rental price is getting WTF range
$5400 a month for a 3BR 2BA detached condo in SG? that close to Sand Canyon?
https://www.zillow.com/homedetails/20-Sedgewick-Irvine-CA-92620/119681686_zpid/

I mean seriously, WTF? this price should net you 4BR 2500+ sqft?


« Last Edit: November 29, 2021, 06:40:19 PM by The California Court Company »
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Offline scubasteve

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3139 on: November 29, 2021, 07:58:32 PM »
Why does this one looks so reasonable?  Are they taking the Martin strategy of under-listing?

https://www.redfin.com/CA/Irvine/23-Prairie-92618/home/7217605

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Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3140 on: November 29, 2021, 09:13:36 PM »
Why does this one looks so reasonable?  Are they taking the Martin strategy of under-listing?

https://www.redfin.com/CA/Irvine/23-Prairie-92618/home/7217605

Wow.

Is there something wrong with this house?  ;D

Offline AW

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3141 on: November 29, 2021, 11:13:54 PM »
Why does this one looks so reasonable?  Are they taking the Martin strategy of under-listing?

https://www.redfin.com/CA/Irvine/23-Prairie-92618/home/7217605

Wow.

Is there something wrong with this house?  ;D

Lol, look at the street view on the redfin link, looks like the realtor across the street asking the same thing.   
Also, not a very good street view at the time for the house

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3142 on: November 30, 2021, 12:21:11 AM »
Why does this one looks so reasonable?  Are they taking the Martin strategy of under-listing?

https://www.redfin.com/CA/Irvine/23-Prairie-92618/home/7217605

It is under listed...it will probably trade around $2.5m +/-
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Offline foodisgood

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3143 on: December 02, 2021, 12:49:19 AM »
When did this thread become crazy prices that people *are* paying?

So hard to be a buyer in Irvine right now.


It is tough. I started casually browsing November 2020 and then decided to shelf it due to life changes. I started seriously looking September of this year with a goal to be in the new place by Spring 2022. Boy did I miss the boat, the house size/price range I am shooting for are now all 300k more. If this continues I’ll be priced out. Out of desperation we signed up for a waitlist for Sierra in Portola Springs, though I really dislike Portola Springs.

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Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3144 on: December 02, 2021, 01:08:12 AM »
When did this thread become crazy prices that people *are* paying?

So hard to be a buyer in Irvine right now.


It is tough. I started casually browsing November 2020 and then decided to shelf it due to life changes. I started seriously looking September of this year with a goal to be in the new place by Spring 2022. Boy did I miss the boat, the house size/price range I am shooting for are now all 300k more. If this continues I’ll be priced out. Out of desperation we signed up for a waitlist for Sierra in Portola Springs, though I really dislike Portola Springs.

We also started looking in September. We first started checking out Serrano Summit and were set on buying Soria. But then we checked out Bluffs at Portola Springs, and my wife just loves the area, so we got on the Bluffs waitlist and later on Highland waitlist as well. Just thinking about what we could have got if we started looking 2-3 months earlier makes me sick to my stomach. A Highland 1 (released end of September) with view/privacy lot, with a lot 200 sq ft larger than the one that is to be released in the next phase, costs the same. And we probably won't even get it in the next release. A couple releases later, it's going to cost $50k more.  :(

Offline foodisgood

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3145 on: December 02, 2021, 01:22:18 AM »

[/quote]

We also started looking in September. We first started checking out Serrano Summit and were set on buying Soria. But then we checked out Bluffs at Portola Springs, and my wife just loves the area, so we got on the Bluffs waitlist and later on Highland waitlist as well. Just thinking about what we could have got if we started looking 2-3 months earlier makes me sick to my stomach. A Highland 1 (released end of September) with view/privacy lot, with a lot 200 sq ft larger than the one that is to be released in the next phase, costs the same. And we probably won't even get it in the next release. A couple releases later, it's going to cost $50k more.  :(
[/quote]

Yes - it’s definitely hard to stomach. The houses I favorited last year were around 1.2 and now it’s pushing 1.5, 6, 7.
Portola Springs I’ve had trouble liking because it so far inland and so dry. I might have to get over it. As an long time Irvine resident, I have a bias against Portola. But will that matter for resale to outsiders? I also don’t understand the Eastwood premium over Stonegate which is only a couple years older.

Offline Danimal

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3146 on: December 02, 2021, 04:48:49 AM »


We also started looking in September. We first started checking out Serrano Summit and were set on buying Soria. But then we checked out Bluffs at Portola Springs, and my wife just loves the area, so we got on the Bluffs waitlist and later on Highland waitlist as well. Just thinking about what we could have got if we started looking 2-3 months earlier makes me sick to my stomach. A Highland 1 (released end of September) with view/privacy lot, with a lot 200 sq ft larger than the one that is to be released in the next phase, costs the same. And we probably won't even get it in the next release. A couple releases later, it's going to cost $50k more.  :(
[/quote]

Yes - it’s definitely hard to stomach. The houses I favorited last year were around 1.2 and now it’s pushing 1.5, 6, 7.
Portola Springs I’ve had trouble liking because it so far inland and so dry. I might have to get over it. As an long time Irvine resident, I have a bias against Portola. But will that matter for resale to outsiders? I also don’t understand the Eastwood premium over Stonegate which is only a couple years older.
[/quote]

If it made you feel any better, I was really close to buying Highland when it first opened (1.3 mil ish) but backed out when i found out Highland is not a traditional SFR but rather a a quasi SFR. My other half doesnt like how far it is from nearby town center.  As long time Irvine resident, PS feels little out there for me.

I live in Woodbury, lots of my neighbors complain about how far they have to drive their kids to Portola HS. This is the main reason I think Eastwood holds a premium over Stone and Wood. Northwood HS is only 5-10 min walk. Also it is a newer neighborhood without any apartment complex.  IMO renters are in a different league when it comes to driving and taking care of their hood.

Offline Liar Loan

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3147 on: December 02, 2021, 09:58:12 AM »
When did this thread become crazy prices that people *are* paying?

So hard to be a buyer in Irvine right now.


It is tough. I started casually browsing November 2020 and then decided to shelf it due to life changes. I started seriously looking September of this year with a goal to be in the new place by Spring 2022. Boy did I miss the boat, the house size/price range I am shooting for are now all 300k more. If this continues I’ll be priced out. Out of desperation we signed up for a waitlist for Sierra in Portola Springs, though I really dislike Portola Springs.

History doesn't repeat itself, but it sure does rhyme.

Offline TestingIrvine

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3148 on: December 02, 2021, 10:50:52 AM »
Eastwood has new homes right now that jack up prices of resales.

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