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$1M price drop now. Isn't Shea a veteran homebuilder? You'd think they know what they're doing instead of chasing the market down.

https://ktla.com/news/local-news/ice-conducts-targeted-operations-in-irvine-city-confirms/

Did you read the listing?

Plan 3 going for $6.6M https://www.redfin.com/CA/Irvine/137-Prestigo-92602/home/169474523

Their "closed" priority list ran dry quick, they've already reopened it.

Per Arvin Haddad at 6:12 -->

Except US buying their property helps their economy.

According to @CWH-RealEstate that has now gone up to $1,500,000.

This is right by Altair, at the bottom of the sign it says The Irvine Company.

The signs in Irvine are already turning Chinese.

How FCBs roll:

101 Somera bought at $4.5M trying to flip for $5.2M. https://www.redfin.com/CA/Irvine/101-Somera-92602/home/193866764 One thing I've noticed is all these WTF listings are from Pinnacle Real Estate Group, they must have tricked their clients into thinking they can always sell at a higher price.

What's that saying, buy now or be priced out forever?

They buy 5 bed 5 bath McMansions so their single child can attend IUSD.

I wonder what these builders are thinking. Azul has come to a complete construction stop. Olivewood is still full steam ahead. Cielo seems to be half steam ahead. The Summit can't even get Phase 1 homes sold, will they halt construction?

Inventory is increasing nationwide, it's not limited to Irvine.

Some details on Irvine fire protection measures. https://www.latimes.com/california/story/2025-02-19/could-this-irvine-neighborhood-be-the-blueprint-for-a-more-fire-resistant-l-a

Just checked the map. The toll road is southwest of the landfill and that's exactly where the wind blows.