Newer Irvine listings with crazy WTF asking prices from equity sellers

Well, that's why you're the top agent and why I should keep my day job.  :p

It might have been you that described it on another thread but how do you determine from Redfin's site as to how the buyer purchased the property (cash, loan, etc.)?  I can guess this one since it closed in like 10 days so there's probably no other way it would have closed that quickly.

USCTrojanCPA said:
USCTrojanCPA said:
irvinehusky said:
Wow, didn't think this one would be going PENDING anytime soon but there must be some really crazy people out there.  :p

Anyone want to guess what this one will close for?  I'm guessing $950K?  I'm sure I'll be humbled.
http://www.redfin.com/CA/Irvine/12-Pienza-92606/home/4629453
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$1,000,000 to $1,050,000 would be my guess.  I'm sure you'll be happy about that.  ;)  :D
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Looks like I was being too conservative....it closed a hair over the reduced listing price by....wait for it....a cash buyer.
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irvinehusky said:
It might have been you that described it on another thread but how do you determine from Redfin's site as to how the buyer purchased the property (cash, loan, etc.)?  I can guess this one since it closed in like 10 days so there's probably no other way it would have closed that quickly.
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Redfin has financing information under the "Listing Information" section for closed sales, for Pienza it says:
Buyer Financing: Cash
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Go to the "LISTING INFORMATION" section and look at the "BUYER FINANCING" part....that will tell you either it was a cash buyer or financed buyer.  Looks like IHO beat me to the punch.

I was a little surprised surprised that the home closed for as much as it did since it was on the market for a while.  Just shows how strong the market is right now.

irvinehusky said:
Well, that's why you're the top agent and why I should keep my day job.  :p

It might have been you that described it on another thread but how do you determine from Redfin's site as to how the buyer purchased the property (cash, loan, etc.)?  I can guess this one since it closed in like 10 days so there's probably no other way it would have closed that quickly.

USCTrojanCPA said:
USCTrojanCPA said:
irvinehusky said:
Wow, didn't think this one would be going PENDING anytime soon but there must be some really crazy people out there.  :p

Anyone want to guess what this one will close for?  I'm guessing $950K?  I'm sure I'll be humbled.
http://www.redfin.com/CA/Irvine/12-Pienza-92606/home/4629453
Click to expand...
$1,000,000 to $1,050,000 would be my guess.  I'm sure you'll be happy about that.  ;)  :D
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Looks like I was being too conservative....it closed a hair over the reduced listing price by....wait for it....a cash buyer.
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USCTrojanCPA said:
jayl23 said:
Drumroll.... $500/sf for a motorcourt California Court home in Woodbury, just awesome  8)
http://www.redfin.com/CA/Irvine/196-Rhapsody-92620/home/7210093

Looks like Woodbury is quickly becoming the new Quail Hill... or something...  :D
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Makes total sense as the same model closed for $540k about 3 weeks ago.  lol
http://www.redfin.com/CA/Irvine/65-Canal-92620/home/22735381
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This deserves a nomination for the "Crazy Eddie" award...
crazyeddie.gif


It just feels like prices are going parabolic, and that ain't good...  :-\
 
Geesh.. I'm tempted to list my home for a super WTF price.. let the FCBs fight it out.. and take a 365 day cruise around the world...
 
ps9 said:
Geesh.. I'm tempted to list my home for a super WTF price.. let the FCBs fight it out.. and take a 365 day cruise around the world...
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This is real. This is happening. There is no WTF..there is only a price to quoted, and a magical word to be said.. iList.
 
snowblind40 said:
jayl23 said:
Drumroll.... $500/sf for a motorcourt California Court home in Woodbury, just awesome  8)
http://www.redfin.com/CA/Irvine/196-Rhapsody-92620/home/7210093

Looks like Woodbury is quickly becoming the new Quail Hill... or something...  :D
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And then...  This happened...
http://www.redfin.com/CA/Irvine/54-Chantilly-92620/home/7210082

Discuss...
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There is nothing that brings down prices faster than supply competition. The 196 Rhapsody home will sit on the market until 54 Chantily gets sold or they bag an FCB.
 
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