irvinebullhousing
Well-known member
aquabliss said:
Over list price.
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
Over list price.
aquabliss
Well-known member
So Eastwood is like rolling $670+/sq ft now? Where?s BTB?https://www.redfin.com/CA/Irvine/117-Mistletoe-92602/home/112724156
usctrojancpa
Well-known member
aquabliss said:
Awww man, you beat me to it as I was going to post that home in this thread. I guess the seller/listing agent didn?t give a crap about the model match that closed in the low $1.2m on Yuba the past few days huh? Oh well, another time waster listing that will linger in the market for months and months.
irvinebullhousing
Well-known member
USCTrojanCPA said:
This was a previous model. Yup, markup cost from builders...meh....Gives previous buyers of these development in Eastwood a cloud9 feeling for the time being.
usctrojancpa
Well-known member
Compressed-Village said:
Just confirms my stance that buying a model home from the builder is a bad financial decision with the buyer being under water day 1. Shortly after the purchase the home will trade back to the norm prices of the tract with a slight premium for the higher level of upgrades.
usctrojancpa
Well-known member
Hmm, should I spend $1.7m on this a 3-level detached condo with a small side yard or buy a traditional single family residence with a real yard? Oh but the seller thinks that their home has appreciated more than $500k since they bought it for around $1.25m in 2017. haha
https://www.redfin.com/CA/Irvine/233-Stellar-92618/home/167413712
https://www.redfin.com/CA/Irvine/233-Stellar-92618/home/167413712
What are people buying these expensive, high sq ft homes that are on top of each other for?
- Retired couple with a lot of stuff to store?
- Family that needs a lot of inside space but doesn't need a yard or privacy?
- Enterprising landlord?
- Flipper who missed out on the last great experience?
- ?
- Retired couple with a lot of stuff to store?
- Family that needs a lot of inside space but doesn't need a yard or privacy?
- Enterprising landlord?
- Flipper who missed out on the last great experience?
- ?
sgip
Well-known member
In some cases, to launder money, although not in this case since the seller must believe we're in a 30% or more price inflation rate environment. You can spot a potential cash washing deal when you see a 2018 X price closed without a mortgage property for sale in 2020 listed at 2018's price which is again quickly re-sold as yet another a cash deal. Sure, as a seller you've "lost" 4-6% on your $$$ in fees, but the proceeds from escrow will have that "fresh, just out of the dryer" smell everyone loves.
In other cases, it's simply because the right inventory isn't on the market. Buyers will settle for one type of property when no others are available. There's quite a bit of that going on right now.
My .02c
In other cases, it's simply because the right inventory isn't on the market. Buyers will settle for one type of property when no others are available. There's quite a bit of that going on right now.
My .02c
aquabliss
Well-known member
Anyone know what is the record sales price for Hidden Canyon? I thought the models were less than this:https://www.redfin.com/CA/Irvine/104-Panorama-92618/home/112725871
usctrojancpa
Well-known member
aquabliss said:
That's one huge lot and I do like the 4-car garage.
Dr. CA Real Estate
New member
aquabliss said:
I?ve been there. It?s expensive but not overpriced. Doesn?t belong on this list.
usctrojancpa
Well-known member
Dr. CA Real Estate said:
Maybe so but if my budget is over $5m, I'm looking in Shady Canyon instead.
irvinebullhousing
Well-known member
USCTrojanCPA said:
But at hidden canyon you will be the king of the hill. At shady canyon you will be at the bottom of the tadpole.
, do you want to be a king or a peon.
usctrojancpa
Well-known member
Compressed-Village said:USCTrojanCPA said:
But at hidden canyon you will be the king of the hill. At shady canyon you will be at the bottom of the tadpole.
I've been inside of Shady Canyon with a client and I'd much rather live in Shady Canyon than Hidden Canyon even though the homes are older and I'd have one of the cheaper homes. haha
Dr. CA Real Estate
New member
I recommend for my clients in double digit millions range to avoid Irvine altogether and go for Newport coast.
irviniteeee
Active member
USCTrojanCPA said:
100% agree. Hidden Canyon does nothing for me at that price point. That community doesn't even begin to compare to Shady Canyon.
usctrojancpa
Well-known member
This is a Baker Ranch WTF listing and I more posted it because I've ever seen the kitchen cabinets matching the color of the flooring. haha
https://www.redfin.com/CA/Lake-Forest/83-Eclipse-92630/home/143912401
https://www.redfin.com/CA/Lake-Forest/83-Eclipse-92630/home/143912401