Poll

Where will Irvine housing prices be in one year?

Down over 50%
0 (0%)
Down 20%
19 (13.3%)
Down 10%
39 (27.3%)
Down 5%
30 (21%)
Flat
35 (24.5%)
Up 5%
15 (10.5%)
Up 10%
5 (3.5%)
Up 20%
0 (0%)
Up over 50%
0 (0%)
Other (please specify in post)
0 (0%)

Total Members Voted: 102

Voting closes: August 20, 2022, 12:55:13 PM

Author Topic: Poll: Irvine Housing Prediction June 2022  (Read 12362 times)

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Offline linus

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Re: Poll: Irvine Housing Prediction June 2022
« Reply #135 on: August 05, 2022, 10:30:15 PM »
https://www.lennar.com/new-homes/california/la-orange-county/promo/ochlen_oc_hotw_2

Lennar starts offering price reduction on some move-in ready in OC

Offline OCtoSV

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Re: Poll: Irvine Housing Prediction June 2022
« Reply #136 on: August 06, 2022, 05:00:54 PM »
https://www.lennar.com/new-homes/california/la-orange-county/promo/ochlen_oc_hotw_2

Lennar starts offering price reduction on some move-in ready in OC

6 figure reductions on Irvine new construction. Dropping like a rock.

Offline USCTrojanCPA

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Re: Poll: Irvine Housing Prediction June 2022
« Reply #137 on: August 06, 2022, 05:57:26 PM »
https://www.lennar.com/new-homes/california/la-orange-county/promo/ochlen_oc_hotw_2

Lennar starts offering price reduction on some move-in ready in OC

6 figure reductions on Irvine new construction. Dropping like a rock.

Well, when their prices are stupid to begin with then of course you'll have 6 figure price reductions just like all the other resales that were priced based upon April/May closing prices.  If you price a home right and present it well it'll go into escrow within 30 days, simple as that.

I said this before, when the market was on fire all listing agents looked like rock stars.  But now that things have cooled off, we'll find out which agents are the good ones and the ones that aren't.
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Online CalBears96

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Re: Poll: Irvine Housing Prediction June 2022
« Reply #138 on: August 06, 2022, 06:34:21 PM »
https://www.lennar.com/new-homes/california/la-orange-county/promo/ochlen_oc_hotw_2

Lennar starts offering price reduction on some move-in ready in OC

6 figure reductions on Irvine new construction. Dropping like a rock.

Well, when their prices are stupid to begin with then of course you'll have 6 figure price reductions just like all the other resales that were priced based upon April/May closing prices.  If you price a home right and present it well it'll go into escrow within 30 days, simple as that.

I said this before, when the market was on fire all listing agents looked like rock stars.  But now that things have cooled off, we'll find out which agents are the good ones and the ones that aren't.

Exactly. Just because some fools list their houses ridiculously high and then have to make 6 figure price reduction doesn't mean dropping like a rock.

Prime example: IP was selling Bluffs 1 at $1.725M (bigger lot), but the neighbor diagonally across from me listed their Bluffs 1 (smallest lot and barely any upgrades) at $1.89M. Now they had to reduce to $1.799M. Does it mean dropping like a rock? Hell no. It only means they were greedy fools.

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