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Poll: Irvine Housing Prediction June 2022

Where will Irvine housing prices be in one year?

  • Down over 50%

    Votes: 0 0.0%
  • Down 20%

    Votes: 20 19.0%
  • Down 10%

    Votes: 40 38.1%
  • Down 5%

    Votes: 31 29.5%
  • Flat

    Votes: 37 35.2%
  • Up 5%

    Votes: 15 14.3%
  • Up 10%

    Votes: 5 4.8%
  • Up 20%

    Votes: 0 0.0%
  • Up over 50%

    Votes: 0 0.0%
  • Other (please specify in post)

    Votes: 0 0.0%

  • Total voters
    105
  • Poll closed .

woodburyowner

Well-known member
Now we're getting somewhere - a decent value at $546/sq ft for Northwood High, 4BR and a big fenced grass backyard, but I predict these types of resales will hit $400/sq ft at the bottom

https://www.redfin.com/CA/Irvine/38-Columbus-92620/home/4795125

I've driven by this house and it probably has a lot of deferred maintenance. It looked abandoned for awhile. I remember saying to my wife that this is an example of why you need to live in a community with a HOA.
 

irvinehomeowner

Well-known member
I like the Columbus floorplan... bedroom/bath on the 1st floor... kitchen open to a pseudo great room and 2 other separate downstairs spaces.

For the master (now PC known as primary), I would probably enclose the balcony and make it a retreat, 2nd closet or something else. That location is right on the corner of a thoroughfare street so nothing really to look at.

Lot size is decent.. good yard space.
 

nosuchreality

Well-known member
I'm not adverse to older SFR's -- my current residence was built in 1969. But something about that house is off-putting to me. Don't like the vibe.

I'd prefer something like this for an older home:
The sunken living room, with step up to small dining room next to the double landing stairs with the popcorn ceiling, Brady Bunch color palette and vertigo picture angle.
 

nosuchreality

Well-known member
I've driven by this house and it probably has a lot of deferred maintenance. It looked abandoned for awhile. I remember saying to my wife that this is an example of why you need to live in a community with a HOA.
Even as a fixer, something odd with an SFR going for $508/sf in March. Based on sales history, prior sale looks flakey back in 1979, perhaps an estate sale to a flopper who now just wants to cut bait?
 

woodburyowner

Well-known member
Even as a fixer, something odd with an SFR going for $508/sf in March. Based on sales history, prior sale looks flakey back in 1979, perhaps an estate sale to a flopper who now just wants to cut bait?

That would be my guess. It was in really bad shape before. Looks like the buyer did the bare minimum to make it not look like it's been abandoned for years and then flip it.
 

morekaos

Well-known member
LL is probably right on this…

You Should Probably Wait to Buy a Home


Should you even try to buy a house right now? Asking real-estate agents, economists, and potential homebuyers that question is likely to elicit something between a whimper and a scream these days. “It never feels like a great time to buy a house,” Danielle Hale, the chief economist at Realtor.com, told me. “You’re committing yourself to paying this enormous mortgage over a really long period of time.” But, she said, something that is always “a little bit scary” is “particularly scary” right now. Many Americans seem to share that sentiment: Half as many home sales occurred this past July as in the same month two years ago.

https://www.msn.com/en-us/money/realestate/you-should-probably-wait-to-buy-a-home/ar-AA14JtiG
 

bones

Well-known member
LL is probably right on this…

You Should Probably Wait to Buy a Home


Should you even try to buy a house right now? Asking real-estate agents, economists, and potential homebuyers that question is likely to elicit something between a whimper and a scream these days. “It never feels like a great time to buy a house,” Danielle Hale, the chief economist at Realtor.com, told me. “You’re committing yourself to paying this enormous mortgage over a really long period of time.” But, she said, something that is always “a little bit scary” is “particularly scary” right now. Many Americans seem to share that sentiment: Half as many home sales occurred this past July as in the same month two years ago.

https://www.msn.com/en-us/money/realestate/you-should-probably-wait-to-buy-a-home/ar-AA14JtiG
Fun (surprised?) to see Annie Lowrey quoted here. Wonder what her Uni high graduate husband thinks of Irvine real estate :)
 

irvinehomeowner

Well-known member
I will say this again... even with an agreed upon downturn underway... if you can afford it and found a home you want... don't worry about waiting.

IHOfucious say:

If you're gonna own, don't stress over the unknown. :)
 

OCtoSV

Active member
I will say this again... even with an agreed upon downturn underway... if you can afford it and found a home you want... don't worry about waiting.

IHOfucious say:

If you're gonna own, don't stress over the unknown. :)
I agree - the reality for almost every first time buyer is they buy as soon as they can afford to, which is a function of earnings/savings/rates
 
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