Author Topic: New communities in Portola Springs  (Read 43469 times)

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Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #345 on: June 21, 2022, 10:07:54 PM »
Lol! Calbear is upset as he bought at the peak and don’t want to cancel and lose his $40k deposit.  We will find out how many move in ready homes are available in August as end of July is builder’s semi annual sales cutoff. Builder doesn’t want  to release those move in ready homes until all other homes are closed by 7/30.

It’s not just the 40k. They lose any deposits made towards structural or design center upgrades, which can easily be another 20-40k. The only reason for a buyer who bought 6-7 months to fall out of escrow is if they couldn’t get approved for a loan, and even then IP would much rather work something out with the buyer ( buy down the rate or provide closing credits) rather than relist a home back on the market with someone else’s upgrade and the associated bad publicity

Plus a possible commission rebate. If anyone will back out, it'll be the buyers who just got into contract.
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Offline CalBears96

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Re: New communities in Portola Springs
« Reply #346 on: June 21, 2022, 11:30:54 PM »
Lol! Calbear is upset as he bought at the peak and don’t want to cancel and lose his $40k deposit.  We will find out how many move in ready homes are available in August as end of July is builder’s semi annual sales cutoff. Builder doesn’t want  to release those move in ready homes until all other homes are closed by 7/30.

It’s not just the 40k. They lose any deposits made towards structural or design center upgrades, which can easily be another 20-40k. The only reason for a buyer who bought 6-7 months to fall out of escrow is if they couldn’t get approved for a loan, and even then IP would much rather work something out with the buyer ( buy down the rate or provide closing credits) rather than relist a home back on the market with someone else’s upgrade and the associated bad publicity

I was talking to sales lady and she was saying that there were still people not on the waitlist interested in buying. If a buyer somehow couldn't get approved, then IP would give it to another buyer.

Offline Davidlee199

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Re: New communities in Portola Springs
« Reply #347 on: June 22, 2022, 01:55:19 PM »
I must be insane if I trust what a salesperson said….

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Offline CalBears96

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Re: New communities in Portola Springs
« Reply #348 on: June 22, 2022, 02:01:17 PM »
I must be insane if I trust what a salesperson said….

You're just a liar. A dumb one, at that.

She has no reason to lie to me. I've already closed escrow. And even throughout the entire process, she had been honest with us.

Offline Sysko

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Re: New communities in Portola Springs
« Reply #349 on: June 23, 2022, 08:42:18 AM »
INTRODUCING THREE NEW NEIGHBORHOODS IN A COVETED LOCATION WITHIN PORTOLA SPRINGS

Set amidst the picturesque backdrop of Loma Ridge, the highly-anticipated debut of Fiore, Azul and Cielo in Portola Springs is on the horizon. These home designs will feature volume ceilings, grand living areas with panoramic doors, flexible spaces and exceptional craftsmanship you have come to expect from Irvine Pacific.

‌Moments from nature yet close to everyday conveniences including 15+ resort-style parks, miles of trails, award-winning schools and shopping, these homes will showcase the best that Irvine has to offer.

It'll be interesting to see how these sell. I'm guessing Azul and Cielo will start in the low-$2m's and Fiore in the mid-to-high $1m's. The first few phases will go fast - but will we return to the days of 2018 where each phase takes a little longer to sell with lender and design center credits dangled to get buyers into contract?

From IP Website

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Offline irviniteeee

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Re: New communities in Portola Springs
« Reply #350 on: June 23, 2022, 02:10:33 PM »
INTRODUCING THREE NEW NEIGHBORHOODS IN A COVETED LOCATION WITHIN PORTOLA SPRINGS

Set amidst the picturesque backdrop of Loma Ridge, the highly-anticipated debut of Fiore, Azul and Cielo in Portola Springs is on the horizon. These home designs will feature volume ceilings, grand living areas with panoramic doors, flexible spaces and exceptional craftsmanship you have come to expect from Irvine Pacific.

‌Moments from nature yet close to everyday conveniences including 15+ resort-style parks, miles of trails, award-winning schools and shopping, these homes will showcase the best that Irvine has to offer.

It'll be interesting to see how these sell. I'm guessing Azul and Cielo will start in the low-$2m's and Fiore in the mid-to-high $1m's. The first few phases will go fast - but will we return to the days of 2018 where each phase takes a little longer to sell with lender and design center credits dangled to get buyers into contract?

From IP Website

LOL.

Offline Prototype

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Re: New communities in Portola Springs
« Reply #351 on: June 23, 2022, 04:05:12 PM »
Oh wow! Interesting! I don't know why I thought all 3 would be on the other side of Dreamcatcher. Looks like Fiore is where CalPac was originally going to build near Lapis & Sierra.  Looks like they've graded the land pretty well where Hillcrest Park will be. I wonder when they'll release that siteplan.

Offline Davidlee199

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Re: New communities in Portola Springs
« Reply #352 on: June 23, 2022, 05:20:34 PM »
Move in ready homes are available at Eastwood  & Orchard hills $2.1M.  Anyone interested?  More to come.

Offline paperboyNC

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Re: New communities in Portola Springs
« Reply #353 on: June 27, 2022, 11:04:45 AM »
Anyone know when we can join the Cielo interest list?

Offline CalBears96

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Re: New communities in Portola Springs
« Reply #354 on: June 27, 2022, 11:17:38 AM »
Anyone know when we can join the Cielo interest list?

I'm sure you can join the interest list now for Cielo/Fiore/Azul. If you're talking about waitlist, that's a different matter.

I believe that model homes will be open in the next week or two, so if you join the interest list now, you will probably be contacted by sales reps for the next steps.

Offline irviniteeee

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Re: New communities in Portola Springs
« Reply #355 on: June 28, 2022, 03:11:31 PM »
Everyone remember when PS was the value village? :)

We have a baby Orchard Hills on our hands now.

Online best_potsticker_in_town

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Re: New communities in Portola Springs
« Reply #356 on: June 28, 2022, 08:37:35 PM »
Irvine Pacific posted 3 homes on MLS today. 1 each in Highland, Como, and Fresco. First time I recall them doing that since early 2020. Here comes the standing inventory.

Offline irviniteeee

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Re: New communities in Portola Springs
« Reply #357 on: June 30, 2022, 04:59:08 PM »
Irvine Pacific posted 3 homes on MLS today. 1 each in Highland, Como, and Fresco. First time I recall them doing that since early 2020. Here comes the standing inventory.

More listed in the past couple days too, including a Fresco today.

Offline Sysko

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Re: New communities in Portola Springs
« Reply #358 on: Yesterday at 04:57:36 AM »
Irvine Pacific posted 3 homes on MLS today. 1 each in Highland, Como, and Fresco. First time I recall them doing that since early 2020. Here comes the standing inventory.

More listed in the past couple days too, including a Fresco today.

Bluffs home listed as well

https://www.redfin.com/CA/Irvine/16200-Sand-Canyon-Ave-92618/unit-78/home/180275258

Offline CalBears96

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Re: New communities in Portola Springs
« Reply #359 on: Yesterday at 12:17:18 PM »
Irvine Pacific posted 3 homes on MLS today. 1 each in Highland, Como, and Fresco. First time I recall them doing that since early 2020. Here comes the standing inventory.

More listed in the past couple days too, including a Fresco today.

Bluffs home listed as well

https://www.redfin.com/CA/Irvine/16200-Sand-Canyon-Ave-92618/unit-78/home/180275258

I guess they're having trouble finding buyers at this price. It's pretty ridiculous compared to what I paid for. I got the price sheet for this release back on 6/19, so it's been a while since release. So I guess they went through the entire waitlist and even buyers not on the waitlist aren't interested.

 

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