Newer Irvine listings with crazy WTF asking prices from equity sellers

lovingit said:
https://www.redfin.com/CA/Irvine/135-Summerland-92620/unit-54/home/173913970?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Damn
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At least they got a discount of $71k.  haha
 
USCTrojanCPA said:
lovingit said:
https://www.redfin.com/CA/Irvine/135-Summerland-92620/unit-54/home/173913970?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Damn
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At least they got a discount of $71k.  haha
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Wow that's quite expensive. The one with the larger pool and huge lot was $3.6M I believe.
 
Kenkoko said:
But what's interesting to me is the price increase in Irvine seems to be less compared to a few other cities that I keep tabs on (in terms of % gain)
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USCTrojanCPA said:
I think areas outside of Irvine in the surrounding areas are now playing catch-up since their price appreciation has seriously lagged Irvine's since 2010.
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Dr. CA Real Estate said:
From an investment % gain basis, Irvine is the best place to buy in OC. Anaheim, Garden Grove, Santa Ana, Newport Coast, ect ect are much better. The one advantage Irvine had, which you could debate it no longer does over many areas, was in the lower risk of your investment
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Lot's of people begrudgingly agree with me that the rest of OC is kicking Irvine's a$$.  The only point I've made since 2018 is that Irvine, maybe up until very recently, was stuck in neutral and that achieving MaxROI meant buying in a different part of OC.
 
Liar Loan said:
Kenkoko said:
But what's interesting to me is the price increase in Irvine seems to be less compared to a few other cities that I keep tabs on (in terms of % gain)
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USCTrojanCPA said:
I think areas outside of Irvine in the surrounding areas are now playing catch-up since their price appreciation has seriously lagged Irvine's since 2010.
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Dr. CA Real Estate said:
From an investment % gain basis, Irvine is the best place to buy in OC. Anaheim, Garden Grove, Santa Ana, Newport Coast, ect ect are much better. The one advantage Irvine had, which you could debate it no longer does over many areas, was in the lower risk of your investment
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Lot's of people begrudgingly agree with me that the rest of OC is kicking Irvine's a$$.  The only point I've made since 2018 is that Irvine, maybe up until very recently, was stuck in neutral and that achieving MaxROI meant buying in a different part of OC.
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The rest of OC is playing catch mainly driven for the big demand for detached homes with yards.  As I said, the demand for those homes is EVERYWHERE not just Orange County.
 
aquabliss said:
Thought this was one of the nicest (non model) back yards I had seen in quite some time.  Wonder if the small pool in front is a huge hot tub, or just a fountain?https://www.redfin.com/CA/Irvine/110-Heavenly-92602/home/112721738

But then, I looked at the ariel/drone view shot and the pool of the house next door looks even better!
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I thought the same when I saw it listed, love the backyard. I'm always torn between these and The Vistas. I feel like since Toll Bros built The Vistas that a lot of people overlook Trevi, but I would have a hard time picking between the two at similar price points.
 
irviniteeee said:
aquabliss said:
Thought this was one of the nicest (non model) back yards I had seen in quite some time.  Wonder if the small pool in front is a huge hot tub, or just a fountain?https://www.redfin.com/CA/Irvine/110-Heavenly-92602/home/112721738

But then, I looked at the ariel/drone view shot and the pool of the house next door looks even better!
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I thought the same when I saw it listed, love the backyard. I'm always torn between these and The Vistas. I feel like since Toll Bros built The Vistas that a lot of people overlook Trevi, but I would have a hard time picking between the two at similar price points.
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Trevi has a better location, walking distance to the park, the school, the shopping center. Vistas are WAY far back in Orchard Hills. Once you go through Settler?s gate, you still feel like you are driving really far into the foothills to reach the Vistas. I guess the pro about the Vistas is the higher up view.
 
USCTrojanCPA said:
This one is not going to get anywhere near the list pricing basically backing up to Sand Canyon...
https://www.redfin.com/CA/Irvine/31-Tall-Cedars-92620/home/7203288

Oh, and I don't think the seller will get a higher price even if their kids did get into UCLA and UCSD...maybe if they would have gotten into Harvard and Yale.  haha
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Both Redfin and Zillow estimate are about 1.7million. The lot is decent. It would have been 2 million without backing up Sand Canyon.
 
They should have had their genius children proof-read the listing for them.  As an adult I can't believe how much time I wasted perfecting my English skills, thinking it was some kind of prerequisite for success as an adult.
 
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