Author Topic: When would be next housing Bottom?  (Read 75604 times)

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Offline USCTrojanCPA

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Re: When would be next housing Bottom?
« Reply #1035 on: November 10, 2019, 08:24:05 PM »
But why only QH so bad? I don’t think any other neighborhood is falling so bad.

Maybe because that side of QH is next to the power lines?  I know the single loaded homes with view lots still trade at lofty prices.
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Offline Leaf

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Re: When would be next housing Bottom?
« Reply #1036 on: November 10, 2019, 08:52:46 PM »
The poor previous listing agent was holding open house every weekend for the past 6 months and he was fired. Owner hired a new one just want to have "better luck".  The new listing agent set a $1.48 million price and hopes people will bid up the price.  No way the owner will accept any price that is close to 1.5 million.

But honestly, with a "4" in its house number and that close to the power line, it will be hard to sell at a price the owner wants.

Pretty good price in QH with a Pool?

Bought in 2013 for $1.69 million.  Now on sale for $1.48 million.  Ouch

https://www.redfin.com/CA/Irvine/104-Retreat-92603/home/5902854

Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #1037 on: November 11, 2019, 07:31:49 AM »
2 homes and one of them a weird pocket listing and QH is falling of a cliff?

Any others? If Vicarra starts going off this same cliff... I'm gonna move there. :)
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Offline meccos12

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Re: When would be next housing Bottom?
« Reply #1038 on: November 11, 2019, 10:02:12 AM »
Any specific reason why QH is falling so bad?

Just seasonal ya know.  200-400K off previous sale price is normal seasonal variance right?  :o

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Online eyephone

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Re: When would be next housing Bottom?
« Reply #1039 on: November 11, 2019, 10:22:40 AM »
Any specific reason why QH is falling so bad?

Just seasonal ya know.  200-400K off previous sale price is normal seasonal variance right?  :o

It’s small change to them. They are like Big time.  ;)

Hint: that’s like a lot of money. You don’t need to be a financial expert to figure that out. (or maybe you do)
I know their rebuttal:but everybody needs to place to live
My response: yeah if they can’t afford to buy a house, they just rent or live with family
« Last Edit: November 11, 2019, 10:30:17 AM by eyephone »

Online eyephone

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Re: When would be next housing Bottom?
« Reply #1040 on: November 11, 2019, 10:33:48 AM »
They don’t mention the cost to upkeep the yard, fix or replace things. (It all adds up)

Offline Mety

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Re: When would be next housing Bottom?
« Reply #1041 on: November 11, 2019, 10:45:57 AM »
QH prices are falling because it's IHO's fav town. ;D

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Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #1042 on: November 11, 2019, 10:56:10 AM »
QH prices are falling because it's IHO's fav town. ;D

This!

I also think these are anomalies but maybe Steven Thomas knows better.
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Offline Compressed-Village

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Re: When would be next housing Bottom?
« Reply #1043 on: November 11, 2019, 09:10:51 PM »
Steve Thomas sounds like IHO on twitters, his Facebook breakdown of “To Buy Or Not To Buy. IHO are you Steve Thomas and not telling us who you really are on here? 😀

Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #1044 on: November 12, 2019, 07:58:13 AM »
Steve Thomas sounds like IHO on twitters, his Facebook breakdown of “To Buy Or Not To Buy. IHO are you Steve Thomas and not telling us who you really are on here? 😀

That would be unfortunate for a certain member if I was. :)
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Offline stonegate

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Re: When would be next housing Bottom?
« Reply #1045 on: November 12, 2019, 12:58:05 PM »
Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.
 
recently closed in Stonegate
https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Online zubs

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Re: When would be next housing Bottom?
« Reply #1046 on: November 12, 2019, 01:01:15 PM »
Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.
 
recently closed in Stonegate
https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Is this a pocket listing?  It's the same realtor for buyer and seller.  Does it matter?

Offline Mety

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Re: When would be next housing Bottom?
« Reply #1047 on: November 12, 2019, 01:13:03 PM »
Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.
 
recently closed in Stonegate
https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Is this a pocket listing?  It's the same realtor for buyer and seller.  Does it matter?

Maybe it wasn't a pocket listing. There is a Redfin tour comment so I guess it was public, but not 100% sure.

I thought SFRs hold better values. What's going on with attached condos doing better now days?

Offline meccos12

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Re: When would be next housing Bottom?
« Reply #1048 on: November 12, 2019, 01:36:47 PM »
QH prices are falling because it's IHO's fav town. ;D

This!

I also think these are anomalies but maybe Steven Thomas knows better.

The difference between you and Steve Thomas is that he actually has legitimate data and numbers.  Oh wait, you dont believe in data and numbers. 

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Offline meccos12

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Re: When would be next housing Bottom?
« Reply #1049 on: November 12, 2019, 01:37:42 PM »
Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.
 
recently closed in Stonegate
https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

just another anomaly.  Nothing to see here.   :o

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