Author Topic: Cetara Orchard Hills The Groves Shea Homes  (Read 1495 times)

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Offline leect

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Cetara Orchard Hills The Groves Shea Homes
« on: May 01, 2020, 07:42:20 am »
Howdy!

Looks like they have some new homes coming up by Shea in Orchard Hills. It's next to Taylor Morrison but higher on the hill.

Anyone have any info on this yet?


Offline lnc

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Offline irvineboy

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #2 on: May 01, 2020, 02:36:44 pm »
The last of the view lots at the Groves.  But I heard these prices will be close to what Trevi view lots started at.  Smaller too.

Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #3 on: May 01, 2020, 03:14:55 pm »
👌🏽
« Last Edit: May 27, 2020, 12:36:55 pm by Dr. CA Real Estate »
Kris Mendoza
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ariesmail1@yahoo.com
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Offline variable229

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #4 on: May 24, 2020, 10:52:22 pm »
Howdy!

Looks like they have some new homes coming up by Shea in Orchard Hills. It's next to Taylor Morrison but higher on the hill.

Anyone have any info on this yet?

I'm trying to find out same information.  Did you hear more information on release and pricing?   The Shea sales office seem to think pricing will start under $2M and opening in July 2020.

Offline Dr. CA Real Estate

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #5 on: May 24, 2020, 11:53:46 pm »
2+
« Last Edit: May 27, 2020, 12:37:21 pm by Dr. CA Real Estate »
Kris Mendoza
Platinum Realty
CA BRE License # 02085321
ariesmail1@yahoo.com
310-227-1434 cell

Offline Goriot

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #6 on: May 25, 2020, 09:48:16 am »
Howdy!

Looks like they have some new homes coming up by Shea in Orchard Hills. It's next to Taylor Morrison but higher on the hill.

Anyone have any info on this yet?

I'm trying to find out same information.  Did you hear more information on release and pricing?   The Shea sales office seem to think pricing will start under $2M and opening in July 2020.

The construction of the model homes are underway.  Late July/Early Aug release sounds like a reasonable timeline.  I will probably guess starting at mid $1.8mm to low $1.9mm.

Offline iacrenter

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #7 on: May 25, 2020, 09:52:01 am »
Introducing $2M homes in this pandemic market. Bad timing?

Offline eyephone

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #8 on: May 25, 2020, 09:53:51 am »
Introducing $2M homes in this pandemic market. Bad timing?

To some people this is nothing.

Offline iacrenter

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #9 on: May 25, 2020, 11:05:38 am »
Introducing $2M homes in this pandemic market. Bad timing?

To some people this is nothing.

I remember USC mentioning the market above $1.5M really starts to drop off even pre pandemic. Now add in Great Depression levels of unemployment, diminished FCB activity, and poor consumer confidence.  I’m guessing a high broker coop and free upgrades right off the bat.

Offline aquabliss

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #10 on: May 25, 2020, 05:33:20 pm »
Most of the wealthy haven’t lost their jobs or wealth.  It’s those retail and fast food workers on the edge of poverty with no savings that are hardest hit.

Granted the wealthy will take advantage of this time to get some deals and build their wealth on the other side.

Offline eyephone

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #11 on: May 25, 2020, 06:10:40 pm »
Most of the wealthy haven’t lost their jobs or wealth.  It’s those retail and fast food workers on the edge of poverty with no savings that are hardest hit.

Granted the wealthy will take advantage of this time to get some deals and build their wealth on the other side.

Not necessarily true.

Offline iacrenter

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #12 on: May 25, 2020, 07:37:57 pm »
Most of the wealthy haven’t lost their jobs or wealth.  It’s those retail and fast food workers on the edge of poverty with no savings that are hardest hit.

Granted the wealthy will take advantage of this time to get some deals and build their wealth on the other side.

Not necessarily true.

Depends what kind of people buy $2M homes in Irvine. For instance, many doctors lost significant income due cancellation of elective surgery. A business owner of a car dealership, restaurant, or small hotel would also be hurting. If you were a true 1%er it wouldn’t matter, but are they the typical buyers of $2M tract homes.

Online lovingit

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #13 on: May 25, 2020, 08:53:00 pm »
View lots will start at $2.3-$2.4m.  The doctors who own their own clinics can afford it.

Offline eyephone

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Re: Cetara Orchard Hills The Groves Shea Homes
« Reply #14 on: May 25, 2020, 09:14:14 pm »
Most of the wealthy haven%u2019t lost their jobs or wealth.  It%u2019s those retail and fast food workers on the edge of poverty with no savings that are hardest hit.

Granted the wealthy will take advantage of this time to get some deals and build their wealth on the other side.

Not necessarily true.

Depends what kind of people buy $2M homes in Irvine. For instance, many doctors lost significant income due cancellation of elective surgery. A business owner of a car dealership, restaurant, or small hotel would also be hurting. If you were a true 1%er it wouldn%u2019t matter, but are they the typical buyers of $2M tract homes.

Pay cuts, hospital layoffs, small business hurting, overall spending down (business and consumer). Read the news big companies are laying off.

It is not just retail. The next ball to drop is state and local government regarding budget shortfall.

 

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