Author Topic: When would be next housing Bottom?  (Read 11973 times)

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Offline Kenkoko

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Re: When would be next housing Bottom?
« Reply #270 on: December 21, 2018, 03:05:42 PM »
We are looking at 850k-950k for a 1031 exchange. Looked at pretty much all the villages older than Woodbury.
The homes we saw in Woodbridge, around this price range, were mostly large attached homes with 3-4 bedrooms. These Woodbridge homes that we saw did trade at slightly lower $/sqft compared to what we saw in Uni Park, Oak Creek. West park homes we saw tend to be smaller in SQFT leading to slightly higher sqft than Woodbridge.

It was never apples to apples comparison. I know your data would indicate otherwise but it really did not seem to us that Woodbridge was trading at any sort of premium.

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Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #271 on: December 27, 2018, 11:28:16 AM »
I know your data would indicate otherwise but it really did not seem to us that Woodbridge was trading at any sort of premium.

It's okay, I'm not going to be hard on you about what the data says because I do understand that personal experience can have different results.

That's actually why I looked it up because I thought what I saw may have been different from what the market was doing. Some of Westpark I SFRs were built around the same time as Woodbridge's newer hoods, and from what I saw, those same floorplans tend to trade higher for Woodbridge. As I've said, it depends on what stock you are looking for and that usually defines your perception of what pricing is.
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Offline Kenkoko

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Re: When would be next housing Bottom?
« Reply #272 on: December 28, 2018, 12:55:00 PM »
Prices in Quail Hill has dropped a lot in the past 6 months. This one just closed at 910k. The exact same model were closing at 980k - 1M just 6 months ago.

https://www.redfin.com/CA/Irvine/103-Canopy-92603/home/5944496


Offline eyephone

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Re: When would be next housing Bottom?
« Reply #273 on: December 28, 2018, 01:10:23 PM »
Prices in Quail Hill has dropped a lot in the past 6 months. This one just closed at 910k. The exact same model were closing at 980k - 1M just 6 months ago.

https://www.redfin.com/CA/Irvine/103-Canopy-92603/home/5944496

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