Price Per/sft

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mprince_IHB

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I'm looking for some opinions here as to what people think the price per/sft will be on average when and if the real estate market does finally hit bottom sometime next year.
 
I think $275/sf is reasonable but I'm not sure if Irvine will get there.

$250/sf would be ideal... heh.

Oh... and I doubt Irvine will hit bottom next year.

If you go based on how TIC is planning their communities... 2012 seems to be the sweet spot as their 2 "premium" communities, Orchard Hills and Laguna Crossings have been delayed to 2013.
 
I think it will be $429.65.

I spread a number of cards before my dog and he only picked this one and the way he wagged his tail I am sure he knows something.

He is a smart dog I tell you.
 
I like to look at $/sf for various neighborhoods:

Newport Coast: $350

Turtle Ridge: $315

Quail Hill: $280

Woodbury/Northpark: $265

West Irvine: $250

This leaves some room for cheaper neighborhoods:

Talega: $200

Ladera Ranch: $200
 
mprince said:
I'm looking for some opinions here as to what people think the price per/sft will be on average when and if the real estate market does finally hit bottom sometime next year.
Click to expand...
The market may not hit bottom until 2011 or later. The price per sf will depend upon the location/village of the property. For the newer more desirable areas like Quail Hill and Woodbury the bottom may be in the low $300/sf range while other older parts of Irvine might bottom below $250/sf.
 
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