Newer Irvine listings with crazy WTF asking prices from equity sellers

TestingIrvine said:
Once Hmart opens near orchard hills / culver-Irvine, the price of homes will double

Does it mean Woodbridge homes will be double too? There is another H-mart open there  ;D
 
Yes it is $1k more but it has 5 beds and 4 baths so you can have a really large family or multi gen living under the same roof with 3 to 4 working salaries to support it.
It is under $3 per sqft while the $7.5k one is much smaller and over $3 per sqft. I think the landlord just calculates the monthly cost as if someone purchased it with 20% down.
Still absurd rent amount for such little house and if some one can afford $100k in
annual rent he should have no problem getting the down payment by saving for few years.

Cares said:
akula1488 said:
Crazy landlord too. Tell me why this one is $7500 a month?https://www.zillow.com/homedetails/108-Baja-Irvine-CA-92620/250809309_zpid/

$7500 rent for a 2200 sqft?

Paying 90k a year with post tax income for a smallish house at 2200 ft? No view?
https://www.zillow.com/homedetails/64-Thornapple-Irvine-CA-92620/136801437_zpid/

This one actually leased at $8500 for 2900 sqft. with no frills. Just furnished.
 
aquabliss said:
Ready2Downsize said:
Compressed-Village said:
Really???. One picture. I can?t see why it?s worth this much. WTF price???

But maybe it comes with the orange bike.  ;)

For that price it should also include the home next door.

I've been tracking this listing and today complete photos are up. At first glance, the price seem high. When looking closer at 861/sqft compare to the homes in LA and west LA area at 1200/sqft for homes that built in 1920, it seem reasonable for today market. This was a former model homes of Shea.

It will sell for list price. Everytime I think it is too high, price gone higher. What do I know.
 
This house in Woodbury back against Trabuco is in contract after 1 weekend open house. Listing agent told me it has multiple offers over $1.8  :-\

https://www.redfin.com/CA/Irvine/60-Navigator-92620/home/7203416?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet
 
Danimal said:
This house in Woodbury back against Trabuco is in contract after 1 weekend open house. Listing agent told me it has multiple offers over $1.8  :-\

https://www.redfin.com/CA/Irvine/60-Navigator-92620/home/7203416?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Lack of inventory.
 
i feel like a lot of buyers are having FOMO. will be interesting to see how that impacts the housing long term. are people just buying for the sake of buying? making sacrifices that they normally wouldn't if the housing market wasn't as hot?
 
sleepy5136 said:
i feel like a lot of buyers are having FOMO. will be interesting to see how that impacts the housing long term. are people just buying for the sake of buying? making sacrifices that they normally wouldn't if the housing market wasn't as hot?

Yes, FOMO is a good way of putting it or a short squeeze in prices as inventory dries up.  Even home that I've listed or put an offer on had over 10 offers on it in the past few months including the Newport Coast home that I made an offer for.  We need more inventory!!!
 
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