Author Topic: When would be next housing Bottom?  (Read 15535 times)

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Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #270 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 #271 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


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Re: When would be next housing Bottom?
« Reply #272 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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Offline OCAgentGold

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Re: When would be next housing Bottom?
« Reply #273 on: January 20, 2019, 01:35:43 PM »
Its here. All the homebuilders have had massive layoffs..... 

Offline Irvinehomeseeker

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Re: When would be next housing Bottom?
« Reply #274 on: January 20, 2019, 05:27:38 PM »
Wow..that Quail Hill condo that sold at 910k was such a bargain i would think. That detached condo had so many nice upgrades.  I am thinking that owner put on market kinda late in the summer cycle.  I just hope that that price of 910k is an anomaly and not a trend.

Offline shahshah

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Re: When would be next housing Bottom?
« Reply #275 on: January 20, 2019, 06:13:48 PM »
I'm seeing mostly 850k-1100k+ home on the market at present on Redfin for 3bd and 4bd SFR detached resale market not backing to a main road or less than 4000 sqft lot size. Of course outliners in the east part of El camino. That does not seem like any kind of drop off to me?

Offline Kenkoko

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Re: When would be next housing Bottom?
« Reply #276 on: January 20, 2019, 06:44:29 PM »
Wow..that Quail Hill condo that sold at 910k was such a bargain i would think. That detached condo had so many nice upgrades.  I am thinking that owner put on market kinda late in the summer cycle.  I just hope that that price of 910k is an anomaly and not a trend.

 Been seeing this kind of bargain at different villages this past month.

Cypress Village detached condo sold for 930k. Previous comps were over 1.05mil just 3-4 months ago
https://www.redfin.com/CA/Irvine/60-Rockcress-92618/home/112722299#overview

Northpark single story SFR sold for 910k. Previous comps were over 1mil.
https://www.redfin.com/CA/Irvine/14-Saintsbury-92602/home/5858183#overview

University Park SFR sold for 900k. Previous comp was 980k in september/october
https://www.redfin.com/CA/Irvine/4601-Green-Tree-Ln-92612/home/4702678#overview

Woodbury detached condo sold for 900k.
https://www.redfin.com/CA/Irvine/71-Great-Lawn-92620/home/7210911

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Offline Kenkoko

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Re: When would be next housing Bottom?
« Reply #277 on: January 20, 2019, 06:48:16 PM »
I'm seeing mostly 850k-1100k+ home on the market at present on Redfin for 3bd and 4bd SFR detached resale market not backing to a main road or less than 4000 sqft lot size. Of course outliners in the east part of El camino. That does not seem like any kind of drop off to me?

Because you are looking at the listing prices of unsold homes instead of sold prices. High listing prices from unrealistic sellers are not good indicators of where the market is at.

Just look at the 910k sold home in Quail Hill. The listing price was 1.07 mil  :o

 

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