Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1778231 times)

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Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3285 on: January 13, 2022, 11:04:27 PM »
Courtyard condo that backs against Portola Spring just sold for $2,050,000k, $400k over LP. House doesnt have that much upgrade. This is really WTF crazy. ;D

https://www.redfin.com/CA/Irvine/238-Desert-Bloom-92618/home/51684578?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

That flooring is horrible, needs to be scrapped.  Easy answer why...lack of inventory.
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Offline Irvinehomeseeker

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3286 on: January 13, 2022, 11:17:36 PM »
Courtyard condo that backs against Portola Spring just sold for $2,050,000k, $400k over LP. House doesnt have that much upgrade. This is really WTF crazy. ;D

https://www.redfin.com/CA/Irvine/238-Desert-Bloom-92618/home/51684578?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

That flooring is horrible, needs to be scrapped.  Easy answer why...lack of inventory.
That's like 25% over list price! I get the lack of inventory but  wonder the buyers psychology when they go to this extend to bit up prices. I don't think first time buyers are bidding up like this in Irvine or are they able? I can only think of move up buyers who are able to sell their existing homes at high returns today to be able to bid up like this. Or, the fear of missing out.

Offline Cares

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Offline houmajsa

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3288 on: January 14, 2022, 07:45:19 PM »
you talking about the tile? it does have a dirty appearance


Courtyard condo that backs against Portola Spring just sold for $2,050,000k, $400k over LP. House doesnt have that much upgrade. This is really WTF crazy. ;D

https://www.redfin.com/CA/Irvine/238-Desert-Bloom-92618/home/51684578?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

That flooring is horrible, needs to be scrapped.  Easy answer why...lack of inventory.

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3289 on: January 14, 2022, 08:25:34 PM »
you talking about the tile? it does have a dirty appearance


Courtyard condo that backs against Portola Spring just sold for $2,050,000k, $400k over LP. House doesnt have that much upgrade. This is really WTF crazy. ;D

https://www.redfin.com/CA/Irvine/238-Desert-Bloom-92618/home/51684578?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

That flooring is horrible, needs to be scrapped.  Easy answer why...lack of inventory.

Yeah, the tile flooring in the kitchen and bathrooms...looks cheap and yeah the color isn't great.
Martin Mania, CPA
AgencyOne
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

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Have license, will travel!

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3290 on: January 14, 2022, 08:27:02 PM »
Courtyard condo that backs against Portola Spring just sold for $2,050,000k, $400k over LP. House doesnt have that much upgrade. This is really WTF crazy. ;D

https://www.redfin.com/CA/Irvine/238-Desert-Bloom-92618/home/51684578?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

That flooring is horrible, needs to be scrapped.  Easy answer why...lack of inventory.
That's like 25% over list price! I get the lack of inventory but  wonder the buyers psychology when they go to this extend to bit up prices. I don't think first time buyers are bidding up like this in Irvine or are they able? I can only think of move up buyers who are able to sell their existing homes at high returns today to be able to bid up like this. Or, the fear of missing out.

There is a  serious lack of inventory so many buyers are getting desperate and are bidding over comps, I'm seeing a lot of FOMO/desperation in the bidding in the past few months.  Most Irvine buyers are very strong financially so they can swing these higher prices.
Martin Mania, CPA
AgencyOne
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!
Have license, will travel!

Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3291 on: January 14, 2022, 11:45:56 PM »
Let's hope these crazy prices don't stop until my rental properties are all multi-millions so I can cash out and retire.

Offline sleepy5136

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Let's hope these crazy prices don't stop until my rental properties are all multi-millions so I can cash out and retire.
Might need to ask the government to start printing 1000 bills

Offline BlackKnight

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This one just sold $300k over asking price. Couple of years ago, it was on the market for few months w/ LP around $1.3ish. Crazy time indeed

https://www.redfin.com/CA/Irvine/41-Mapleton-92620/home/40101212?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet
Once you go black, you’ll never go black.

 

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