Newer Irvine listings with crazy WTF asking prices from equity sellers

Cornflakes said:
aquabliss said:
I mean the ?Reno? is nice and all, but $700+/sq ft to live in a neighborhood of homes from the 70?s... that?s rough bro.
https://www.redfin.com/CA/Irvine/19561-Sierra-Soto-Rd-92603/home/4740047
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I wanna get in on the bidding war before it is too late. This home is a steal, I must act right away....
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The even crazier part is that the home will probably close around that list price, that's just how things roll in Turtle Rock.
 
Dr. CA Real Estate said:
marmott said:
$660/sqft in Laguna Altura:https://www.redfin.com/CA/Irvine/59-Triana-92618/home/45378565

Feels like it has a place in this thread.
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That might be crazy but this one is insane for Laguna Altura-  57 Liviahttps://www.zillow.com/homedetails/57-Livia-Irvine-CA-92618/117737338_zpid/
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I remember looking at these in 2013 when I was house shopping, they were around $1.2M.  Would have considered if it wasn't for the TI thread trashing Laguna Altura at the time...
 
aquabliss said:
Dr. CA Real Estate said:
marmott said:
$660/sqft in Laguna Altura:https://www.redfin.com/CA/Irvine/59-Triana-92618/home/45378565

Feels like it has a place in this thread.
Click to expand...

That might be crazy but this one is insane for Laguna Altura-  57 Liviahttps://www.zillow.com/homedetails/57-Livia-Irvine-CA-92618/117737338_zpid/
Click to expand...

I remember looking at these in 2013 when I was house shopping, they were around $1.2M.  Would have considered if it wasn't for the TI thread trashing Laguna Altura at the time...
Click to expand...

I think these were even lower before that right? When we bought in 2012 we looked at those and I think they were closer to about $1-$1.1M?  I remember thinking how overpriced these were. The appreciation on these has been crazy. Probably some of the nest appreciation Irvine over that time frame?
 
qwerty said:
aquabliss said:
Dr. CA Real Estate said:
marmott said:
$660/sqft in Laguna Altura:https://www.redfin.com/CA/Irvine/59-Triana-92618/home/45378565

Feels like it has a place in this thread.
Click to expand...

That might be crazy but this one is insane for Laguna Altura-  57 Liviahttps://www.zillow.com/homedetails/57-Livia-Irvine-CA-92618/117737338_zpid/
Click to expand...

I remember looking at these in 2013 when I was house shopping, they were around $1.2M.  Would have considered if it wasn't for the TI thread trashing Laguna Altura at the time...
Click to expand...

I think these were even lower before that right? When we bought in 2012 we looked at those and I think they were closer to about $1-$1.1M?  I remember thinking how overpriced these were. The appreciation on these has been crazy. Probably some of the nest appreciation Irvine over that time frame?
Click to expand...

I posted about about LA in 2010 before they started building. (https://www.talkirvine.com/index.php?topic=1286.0). I'm still not a fan of the wok location but no one can argue with the appreciation.

 
aquabliss said:
Dr. CA Real Estate said:
marmott said:
$660/sqft in Laguna Altura:https://www.redfin.com/CA/Irvine/59-Triana-92618/home/45378565

Feels like it has a place in this thread.
Click to expand...

That might be crazy but this one is insane for Laguna Altura-  57 Liviahttps://www.zillow.com/homedetails/57-Livia-Irvine-CA-92618/117737338_zpid/
Click to expand...

I remember looking at these in 2013 when I was house shopping, they were around $1.2M.  Would have considered if it wasn't for the TI thread trashing Laguna Altura at the time...
Click to expand...

Why did you even listen to me? :)
 
someguy said:
USCTrojanCPA said:
This seller/listing agent are a bit delusional...
https://www.redfin.com/CA/Irvine/58-Borghese-92618/home/51681086
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The asking price seems as you suggest, but the redfin estimate is currently only $6k under asking.  Can Redfin estimates be manipulated, or is Redfin also a bit delusional?
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Redfin estimates, just like Zillow estimates, are garbage. I remember someone fat fingered an extra digit for the sales price of a Quail Hill home which was 8 figures and of course Redfin's estimate was close to the asking price so yeah it proves my point about those online estimates being worthless.
 
someguy said:
USCTrojanCPA said:
This seller/listing agent are a bit delusional...
https://www.redfin.com/CA/Irvine/58-Borghese-92618/home/51681086
Click to expand...

The asking price seems as you suggest, but the redfin estimate is currently only $6k under asking.  Can Redfin estimates be manipulated, or is Redfin also a bit delusional?
Click to expand...

To expand a little further, those online estimates are based on average of nearby listing prices, not what homes are actually closing at. Hence you?ll get ridiculous estimates at Laguna Altura because nearby hidden canyon is raising the avg price. Same thing can happen at Nellie gale ranch for example which has trailer homes across the st basically.
 
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