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  1. Zulu_IHB

    Shady Canyon

    Except for the overgrown landscaping and front gates, I think 59 Boulder View was a very nice home and I'm glad the sellers finally came to their senses. 55 Boulder View has also been taken off the market and the owner has moved in. So there is nothing new left for sale on Boulder View except...
  2. Zulu_IHB

    Shady Canyon

    The rumor is that 59 Boulder View is in escrow for around ONE MILLION DOLLARS less than the asking price. Anyone know if this is true?
  3. Zulu_IHB

    Shady Canyon

    I heard 59 Boulder View is in escrow. Finally. It sat for - what - 2 years while the seller (formerly known as Mr. Deep Pockitz..) chased the market down.
  4. Zulu_IHB

    Bloodbath in Coto de Caza

    Los Ranchos Estates. Other than that, I can't spill the beans. "Trust me" ;-)
  5. Zulu_IHB

    Bloodbath in Coto de Caza

    Awgee, An existing home.
  6. Zulu_IHB

    Bloodbath in Coto de Caza

    A construction fence has gone up at the 2-acre lot at 23181 Pradera Road. The lot was graded back in November, and rumor has it that construction will start on a 7000sf home in the next 2-3 weeks. If I am not mistaken, this will be the first new home to be built in the Los Ranchos Estates...
  7. Zulu_IHB

    Bloodbath in Coto de Caza

    At least one or more high dollar sales are going to be happening in Coto within the next 3 months. When I say high dollar, I mean VERY HIGH dollar.
  8. Zulu_IHB

    I've been waiting for prices to drop and now they are going back up.

    On the one hand, there is the "don't fight the fed" rule. When interest rates drop, the market (stocks, housing, whatever...) goes up. However, this time it IS different. Interest rates to the banks are about as close to zero as they can get. Any further reductions are meaningless. And a...
  9. Zulu_IHB

    Shady Canyon

    Well, here's the big difference between Shady Canyon and Coto as I see it: First, there ARE still people buying these expensive homes ins Shady. Not many, but a couple per month. For homes in the $4 - $7 million dollar range, that's not bad. The problem isn't that there aren't enough...
  10. Zulu_IHB

    Shady Canyon

    Skek - how did you come up with 50 properties in Shady? I count only 36 on Redfin and 42 on camoves.com, minus the recent sells. Oops - just found the answer to my own question - you're counting the lots for sale as well. Even so, that doesn't seem like such a huge inventory considering there...
  11. Zulu_IHB

    Shady Canyon

    72 Golden Eagle is an amazing home. Beautiful views and a lot of light. A bit over the top for my taste, but drop the price about $7 million and I'm definitely a buyer! ;-) Rumor is that 59 Canyon Creek is now in escrow. The inventory of relatively-fairly-priced new homes (qualifier...
  12. Zulu_IHB

    Name your top 5 restaurants in Irvine and why?

    Lucca Cafe off Shady Canyon Drive. The chef shops the local farmers markets for fresh ingredients, she uses organic produce whenever possible. Love the menu, great presentation. We like to eat at the bar where we can try different wines before ordering. This is a place for people who really...
  13. Zulu_IHB

    Shady Canyon

    Skek, Well, I will tell you that my building costs including landscaping are less than $290/sf with better quality and amenities than most of the specs I've seen. My house won't be one that you can tell a story about i.e. "...floor tiles salvaged from the ruins of Pompei" and "...doors from...
  14. Zulu_IHB

    Shady Canyon

    I heard 31 Watercress is in escrow.
  15. Zulu_IHB

    Shady Canyon

    I also heard from an agent that 25 Blue Heron had foundation issues. If compaction grouting is required to lift the foundation, the cost could easily run into the hundreds of thousands of dollars. With some lot prices around $1.5m asking, including plans, it would seem building from scratch...
  16. Zulu_IHB

    If you were to leave Orange County due to high unemployment and high living costs?

    Graphrix, Great photos of Oregon. We recognized Multnomah Falls, of course, and are guessing the other photos were taken somewhere between McMinnville and Independence. Prime pinot country. I plan on stocking my way-overpriced Shady wine cellar if I can ever get it built. Oscar, it's only...
  17. Zulu_IHB

    Shady Canyon

    28 Black Falcon just dropped from $5,150,000 to $4,750,000. 94 Canyon Creek was just listed $5,499,000 for 8,057 sq ft. Compare these with 59 Canyon Creek, which has been sitting for months at $4,249,000. If this home were priced at $641/sf, same as Black Falcon, the asking price...
  18. Zulu_IHB

    Shady Canyon

    Awgee. Ouch, that hurt! I've been called many things, but being called a realtor....that hurts! Not sure what point you're trying to make. You said "My guess is that there are very few people waiting for home prices to drop further before they will commit. Just about anyone who wanted to...
  19. Zulu_IHB

    Shady Canyon

    Interesting. Redfin shows 62 Canyon Creek was on the market 348 days. Original List Price: $7,350,000 Previous Price: $6,850,000 Search Price (High): $5,850,000 Search Price (Low): $5,850,000 Anyone know what it sold for? I count 36 homes in Shady for sale at...
  20. Zulu_IHB

    Shady Canyon

    Wasn't a particularly well written article. Yes, there is a lot of product on the market and yes, there are probably a lot of people waiting for the home prices to drop further before they will commit. But as one realtor pointed out to me - correctly - what is the chance that the Shady home...
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