Newer Irvine listings with crazy WTF asking prices from equity sellers

furioussugar said:
You have to love the chuzpah of this one--  closed on 4/3/2013 at $910K and now listed again at $1.4M and they used the same lousy photo in the listing!

http://www.redfin.com/CA/Irvine/23-Eastlake-92604/home/4690934?utm_medium=email&utm_campaign=listings_update&utm_source=myredfin&utm_content=address

Ya baby!  8)

Price: Changed from $1,399,900 to $1,374,900

What happened? No FCB?
 
quattroporte said:
furioussugar said:
You have to love the chuzpah of this one--  closed on 4/3/2013 at $910K and now listed again at $1.4M and they used the same lousy photo in the listing!

http://www.redfin.com/CA/Irvine/23-Eastlake-92604/home/4690934?utm_medium=email&utm_campaign=listings_update&utm_source=myredfin&utm_content=address

Ya baby!  8)

Price: Changed from $1,399,900 to $1,374,900

What happened? No FCB?

FCB will buy a new construction at Cypress Village instead, IMO.
 
jamboreedude said:
quattroporte said:
furioussugar said:
You have to love the chuzpah of this one--  closed on 4/3/2013 at $910K and now listed again at $1.4M and they used the same lousy photo in the listing!

http://www.redfin.com/CA/Irvine/23-Eastlake-92604/home/4690934?utm_medium=email&utm_campaign=listings_update&utm_source=myredfin&utm_content=address

Ya baby!  8)

Price: Changed from $1,399,900 to $1,374,900

What happened? No FCB?

FCB will buy a new construction at Cypress Village instead, IMO.
Are at The Brands if they want to be in Woodbridge.  :p
 
FCBs may be loose with their money, but they are not that stupid to pay $400k more for a remodeling job likely cost $50k or less

quattroporte said:
furioussugar said:
You have to love the chuzpah of this one--  closed on 4/3/2013 at $910K and now listed again at $1.4M and they used the same lousy photo in the listing!

http://www.redfin.com/CA/Irvine/23-Eastlake-92604/home/4690934?utm_medium=email&utm_campaign=listings_update&utm_source=myredfin&utm_content=address

Ya baby!  8)

Price: Changed from $1,399,900 to $1,374,900

What happened? No FCB?
 
qwerty said:
does anyone know how the branches are selling?
Haven't been to The Branches yet but I went to Willow Bend last weekend and it's in Phase 2 and it's been two months. I think it's 10-11 homes per phase.

Not sure if that is slow or fast... but I don't think they were sold out of their Phase 1 like The Branches was when it opened.
 
irvinehomeowner said:
qwerty said:
does anyone know how the branches are selling?
Haven't been to The Branches yet but I went to Willow Bend last weekend and it's in Phase 2 and it's been two months. I think it's 10-11 homes per phase.

Not sure if that is slow or fast... but I don't think they were sold out of their Phase 1 like The Branches was when it opened.

Been to both WL projects a couple times -- impression was that phase 1 at the Branches was a bit of smoke and mirrors by the sales office and/or mis-postings/mis-communications by folks on this board or at the 1st open house.  i think all of phase 1 (12 homes) was not all sold out upon release (in fact, the release was staged in 1a and 1b phases, whereby 1a had 6 homes, i believe, and was sold out, but 1b was not officially released, so could not have been sold out).  when i last went a couple weeks ago, branches was finishing up phase 2b and had one home unsold (and they were practically begging me to buy it).  i've never met more aggressive sales folks.  8)  oh, and btw, the standard home features have been beefed up with the SS kitchen aid package, crown moldings, etc.

Different feeling at willow bend, nice sales folks, but they weren't as aggressive as those at the branches.  i suspect phases sold out more easily than those at branches.  right now, i believe they finished phase 2a, but have not yet released 2b.

maybe WL is monitoring the markets for releasing the homes (rates shooting up not a good thing... afterall, pricing too high in phase 2 or 3 might bring trouble come releasing phase 4 or 5).

 
A friend of mine put her Woodbridge house on the market a few months ago. She immediately started getting SO many offers (so she said), that she decided to raise the asking price. The house sold in April, $25k over the previous sale price in July 2007. When she first told me last year she was thinking of selling, I thought there was no way she could sell it for more than what she paid back in 2007. I can't believe how much things have changed in just a few months!

 
paperboyNC said:
Starlight East said:
obirvine said:
And this in PS. Attached condo, bought for $380K couple of years ago, asking $749K, then reduced to $729.http://www.redfin.com/CA/Irvine/161-Silverado-92618/home/40033541

Someone got a pretty good deal in 2011. I wasn't aware that we reached $199/sqft in Irvine in 2011.

This will never sell for $729k. Since it's attached it'll sell for $649k at most IMO.

$650 seems high to me considering HOA is $300.
 
cowlemon said:
paperboyNC said:
obirvine said:
And this in PS. Attached condo, bought for $380K couple of years ago, asking $749K, then reduced to $729.http://www.redfin.com/CA/Irvine/161-Silverado-92618/home/40033541

This will never sell for $729k. Since it's attached it'll sell for $649k at most IMO.

$650 seems high to me considering HOA is $300.

Other attached condos in PS have sold recently:
$323/sqfthttp://www.redfin.com/CA/Irvine/32-Conservancy-92618/home/40102760
$338/sqfthttp://www.redfin.com/CA/Irvine/41-Gray-Dove-92618/home/40102608

The higher number would yield $643k. Normally smaller places sell for more per sqft everything else being equal. I think it's worth more like $600k - a far cry from the $729k they are asking.
 
paperboyNC said:
cowlemon said:
paperboyNC said:
obirvine said:
And this in PS. Attached condo, bought for $380K couple of years ago, asking $749K, then reduced to $729.http://www.redfin.com/CA/Irvine/161-Silverado-92618/home/40033541

This will never sell for $729k. Since it's attached it'll sell for $649k at most IMO.

$650 seems high to me considering HOA is $300.

Other attached condos in PS have sold recently:
$323/sqfthttp://www.redfin.com/CA/Irvine/32-Conservancy-92618/home/40102760
$338/sqfthttp://www.redfin.com/CA/Irvine/41-Gray-Dove-92618/home/40102608

The higher number would yield $643k. Normally smaller places sell for more per sqft everything else being equal. I think it's worth more like $600k - a far cry from the $729k they are asking.

Never underestimate the power of the FCB. Lol

Personally, I hate the San Carlos Tract. I would never buy that.
 
So I was taking a piss last night and I had this great idea to drive more traffic to www.irvinehousingblog.com.  (I have my greatest ideas while peeing)

IHB could profile flips all over orange county.  IHB started with Irvinerenter profiling massive losses in realestate, and that's how it became popular.  Since the market has changed, it may drive traffic back to the site.  The posts on this thread are kind of like that already except it doesn't have the financing details and such.
 
zubs said:
So I was taking a piss last night and I had this great idea to drive more traffic to www.irvinehousingblog.com.  (I have my greatest ideas while peeing)

IHB could profile flips all over orange county.  IHB started with Irvinerenter profiling massive losses in realestate, and that's how it became popular.  Since the market has changed, it may drive traffic back to the site.  The posts on this thread are kind of like that already except it doesn't have the financing details and such.

I did use a couple of examples from this thread, and referred this thread on at least four of my posts. This is a landmark thread IMO! Documents the change of housing from getting heated up to almost bubbling.. and may be post summer to the mini dip?
 
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