25w100k+_IHB
New member
usctrojanman29 said:
No doubt. Tiny lot too. I never understood the appeal of a big house on such a small chunk of land.
A new escrow thread for a new housing market...
- Thread starter ipoplaya_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
No doubt. Tiny lot too. I never understood the appeal of a big house on such a small chunk of land.
Is it just me, or is Campanile just plain fugly compared to the rest of Northpark Square? Me thinks NP Square has some really attractive homes --- Even the much smaller Tiburon detached townhouses across the street are more attractive than the Campanile monstrosities. I would think that Campanile is going to have a really hard time holding at the same price points as similarly priced and sized homes in NP Square like Trianna and Rutherford. And I think both of those are in the gated part of NP Square (Bella Rosa)?
Look out below.
Campanile is essentially the same as Portisol in WB right? Those are holding up fine... While not fabulous, I don't mind this particular Cal Pac design. Heck, we even considered Portisol back in the day.
We considered Campanile back in the day, too. Back when nobody cared that we could not really afford it. I still think they are ugly, though.
Inner beauty is what really counts CK, at least that's what your wife told me, and they are fine on the inside...
Bam, wink-wink, ka-chow!
Just checked my list and there were quite a few cancels this past week. I found 7-8 that went back active, definitely a higher pace than usual... Guess the higher rates is having an effect.
Whenever I read someone asking for an informed poster to research and post more info, I say to myself, "Why don't they research it themselves, the lazy whatevers?!"
But, I think I know where you are getting your going into escrow info, and ...
Would it be too much trouble to also post the number of properties that are listed for sale that week and/or have gone active again?
If you post, "6 homes have gone into escrow", I can not help but wonder, Okay, but did 18 homes just go on the market? Or did 10 fall out of escrow and become active?
I hear ya and understand, but its an impossibility for me to create such stats. I'd love to have a weekly scorecard with new listings, new escrows, cancels, etc. Unfortunately the data I get isn't searchable. I just get a list that is refreshed twice per day. In order to determine new listings for the week, I would have to manual note each one that popped up every time I checked (could miss some) and compile the numbers. Same with cancels. I have to go back through every single item on my "list" and look at it indiviually to determine current status. That is a couple of hundred mouse clicks right there alone... That's why I only do it once per week or so. It's arduous.
I wonder if rising interest rates caused people without rate locks to decide they could no longer afford the house.
They are indicated in gray highlights, the ones I found, on my web site.
46 Deer Track
15 Sovente
77 Trailwood
5 Carmichael
It is scheduled for Wednesday along with another WTF priced property in Turtle Ridge.
5 Carmichael went pretty much right back into escrow. I never saw 77 Trailwood go under contract... It's not showing as active right now as far as I can see.
I just added 26 new escrow entrants from the past five days. Had one go back active, 6 Milagra, since my last update.
I have 185 homes tracked that are in escrow and but not yet pending sale. That is 30% of the currently indicated 614 units on the market in Irvine...
No doubt. Tiny lot too. I never understood the appeal of a big house on such a small chunk of land.
kcmkane_IHB
New member
IACRenter said:
Is it just me, or is Campanile just plain fugly compared to the rest of Northpark Square? Me thinks NP Square has some really attractive homes --- Even the much smaller Tiburon detached townhouses across the street are more attractive than the Campanile monstrosities. I would think that Campanile is going to have a really hard time holding at the same price points as similarly priced and sized homes in NP Square like Trianna and Rutherford. And I think both of those are in the gated part of NP Square (Bella Rosa)?
Look out below.
ipoplaya_IHB
New member
CK said:
Campanile is essentially the same as Portisol in WB right? Those are holding up fine... While not fabulous, I don't mind this particular Cal Pac design. Heck, we even considered Portisol back in the day.
kcmkane_IHB
New member
ipoplaya said:
We considered Campanile back in the day, too. Back when nobody cared that we could not really afford it. I still think they are ugly, though.
ipoplaya_IHB
New member
CK said:
Inner beauty is what really counts CK, at least that's what your wife told me, and they are fine on the inside...
Bam, wink-wink, ka-chow!
etheran_IHB
New member
Would be interesting to see if the back up in rates will slow down the number of escrows that IPO has been posting up.
ipoplaya_IHB
New member
etheran said:
Just checked my list and there were quite a few cancels this past week. I found 7-8 that went back active, definitely a higher pace than usual... Guess the higher rates is having an effect.
awgee_IHB
New member
ipoplaya said:
Whenever I read someone asking for an informed poster to research and post more info, I say to myself, "Why don't they research it themselves, the lazy whatevers?!"
But, I think I know where you are getting your going into escrow info, and ...
Would it be too much trouble to also post the number of properties that are listed for sale that week and/or have gone active again?
If you post, "6 homes have gone into escrow", I can not help but wonder, Okay, but did 18 homes just go on the market? Or did 10 fall out of escrow and become active?
ipoplaya_IHB
New member
awgee said:
I hear ya and understand, but its an impossibility for me to create such stats. I'd love to have a weekly scorecard with new listings, new escrows, cancels, etc. Unfortunately the data I get isn't searchable. I just get a list that is refreshed twice per day. In order to determine new listings for the week, I would have to manual note each one that popped up every time I checked (could miss some) and compile the numbers. Same with cancels. I have to go back through every single item on my "list" and look at it indiviually to determine current status. That is a couple of hundred mouse clicks right there alone... That's why I only do it once per week or so. It's arduous.
irvine123_IHB
New member
IPO, maybe it is time to turn this into a profit center? Maybe your first client is Awgee.
usctrojanman29_IHB
New member
This isn't from a huge population, but from the couple of buyer MLS searches that I have set up I noticed that there were a few properties that fell out of escrow the past 2-3 days (from back-up offer to active).
nomogy_IHB
New member
USC or anybody,
Can you provide links to those houses that fell out of escrow?
Thx.
Can you provide links to those houses that fell out of escrow?
Thx.
Geotpf_IHB
New member
usctrojanman29 said:
I wonder if rising interest rates caused people without rate locks to decide they could no longer afford the house.
ipoplaya_IHB
New member
nomogy said:
They are indicated in gray highlights, the ones I found, on my web site.
usctrojanman29_IHB
New member
I don't have any links to those properties as they come from the active MLS searches that I have set up for my buyers. But here is a quick list of properties that have fell out of escrow the past week that I have seen:nomogy said:
46 Deer Track
15 Sovente
77 Trailwood
5 Carmichael
usctrojanman29_IHB
New member
Welcome to 80%+ of homes in Irvine, especially the newer ones.26w100k+ said:
IrvineRenter_IHB
New member
ipoplaya said:
It is scheduled for Wednesday along with another WTF priced property in Turtle Ridge.
ipoplaya_IHB
New member
usctrojanman29 said:
5 Carmichael went pretty much right back into escrow. I never saw 77 Trailwood go under contract... It's not showing as active right now as far as I can see.
I just added 26 new escrow entrants from the past five days. Had one go back active, 6 Milagra, since my last update.
I have 185 homes tracked that are in escrow and but not yet pending sale. That is 30% of the currently indicated 614 units on the market in Irvine...
usctrojanman29_IHB
New member
Just to throw a little wrinkle out there. Many of the short sales that are in "back-up offer" status really shouldn't be classified as being in escrow because the agents change the status as soon as they send a handful of offers to the lender/s for their approval (non-approved short sales) and no escrow has been opened. It's merely a way for the listing agent not to receive anymore offers. I personally know of 2 short sale listings that fall into this category. Just another reason why the inventory level is artificially low.ipoplaya said: