irvinehomeowner
Well-known member
It seems like we are getting more of the attached/duplex/small condo products rather than the SFR ones in the new offerings by TIC. Is this based on demand or price?
Are there that many buyers out there who want the smaller product or is it because it's more affordable? I would like to see more SFRs starting at $600k (I know I'm dreaming) but it doesn't seem like that's even a remote possibility.
I gather it's because TIC is waiting for more of a recovery so they can start hawking SFRs at $900k+ levels and that's why Stonegate East is breaking ground before Stonegate, why Orchard Hills will be last on the list and why the rest of Portola still needs to be built out. But other than Montecito II and Carmel II, it doesn't seem like we'll see any other new/different SFR projects for a while.
I'm just wondering if this focus on the more dense type neighborhoods is due to market demand or is being driven by profit margins.
Are there that many buyers out there who want the smaller product or is it because it's more affordable? I would like to see more SFRs starting at $600k (I know I'm dreaming) but it doesn't seem like that's even a remote possibility.
I gather it's because TIC is waiting for more of a recovery so they can start hawking SFRs at $900k+ levels and that's why Stonegate East is breaking ground before Stonegate, why Orchard Hills will be last on the list and why the rest of Portola still needs to be built out. But other than Montecito II and Carmel II, it doesn't seem like we'll see any other new/different SFR projects for a while.
I'm just wondering if this focus on the more dense type neighborhoods is due to market demand or is being driven by profit margins.