Serrano Summit | Lake Forest

[wootjhons]

The Soria models just got put up for sale. Has Lennar lost touch with reality? Whos going to pay these prices? I know they are somewhat upgraded but its still insane.

Soria 1 - $1,639,990
Soria 3 - $1,618,990
Soria 4 - $1,748,990
https://www.lennar.com/new-homes/california/la-orange-county/lake-forest/serrano-summit/soria

 

[The Motor Court Company]

Jesus. this is detached condo, 3 floors nonetheless, and in Lake Forest?

The Soria models just got put up for sale. Has Lennar lost touch with reality? Whos going to pay these prices? I know they are somewhat upgraded but its still insane.

Soria 1 - $1,639,990
Soria 3 - $1,618,990
Soria 4 - $1,748,990
https://www.lennar.com/new-homes/california/la-orange-county/lake-forest/serrano-summit/soria

 

[CalBears96]

The Soria models just got put up for sale. Has Lennar lost touch with reality? Whos going to pay these prices? I know they are somewhat upgraded but its still insane.

Soria 1 - $1,639,990
Soria 3 - $1,618,990
Soria 4 - $1,748,990
https://www.lennar.com/new-homes/california/la-orange-county/lake-forest/serrano-summit/soria

They're probably considered "view lots".  But still, $400k increase for lot premium and some upgrades?  : I was offered a privacy lot Soria 3 in October for $1.2M, but at that point we've decided to not buy at Serrano Summit and focus on Bluffs/Highland at PS.

 

[Cares]

It'll sell...

 

[CalBears96]

For that money, I would rather go for TB's Meadows or CalPac's Sierra. I mean, even Bluffs 2's view lot is about the same price as Soria 4. Whoever buys one of the Soria models must be really desperate.

 

[Cares]

Some people have an immediate need to close and model homes are available now whereas if you reserved Meadows today you're looking at 12-14 months delivery date.

 

[sleepy5136]

The Soria models just got put up for sale. Has Lennar lost touch with reality? Whos going to pay these prices? I know they are somewhat upgraded but its still insane.

Soria 1 - $1,639,990
Soria 3 - $1,618,990
Soria 4 - $1,748,990
https://www.lennar.com/new-homes/california/la-orange-county/lake-forest/serrano-summit/soria

They're probably considered "view lots".  But still, $400k increase for lot premium and some upgrades?  : I was offered a privacy lot Soria 3 in October for $1.2M, but at that point we've decided to not buy at Serrano Summit and focus on Bluffs/Highland at PS.

Yeah I was shocked. Thought it would be 1.4-1.5 at most. And these lots will be on a motor court whereas the previous phase actually did not.

 

[Irvinehomeseeker]

The Soria models just got put up for sale. Has Lennar lost touch with reality? Whos going to pay these prices? I know they are somewhat upgraded but its still insane.

Soria 1 - $1,639,990
Soria 3 - $1,618,990
Soria 4 - $1,748,990
https://www.lennar.com/new-homes/california/la-orange-county/lake-forest/serrano-summit/soria

They're probably considered "view lots".  But still, $400k increase for lot premium and some upgrades?  : I was offered a privacy lot Soria 3 in October for $1.2M, but at that point we've decided to not buy at Serrano Summit and focus on Bluffs/Highland at PS.

Yeah I was shocked. Thought it would be 1.4-1.5 at most. And these lots will be on a motor court whereas the previous phase actually did not.

They will be gone as soon as they release! keep seeing... when ppl can bid up 200 400K over listing for Resale, this is brand new. Lots of Asians and Indians prefer new over Resale

 

[Ready2Downsize]

Only one left.

 

[usctrojancpa]

When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

 

[Ready2Downsize]

When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

 

[usctrojancpa]

When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

One of my clients got into contract on a Toll Evergreens home for around $1.9m.  They'll do way better than the people that buy those 3-level models.

 

[Ready2Downsize]

When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

One of my clients got into contract on a Toll Evergreens home for around $1.9m.  They'll do way better than the people that buy those 3-level models.

No matter what they pay, people who buy three story homes will live to regret it eventually.

 

[The Motor Court Company]

how come floor plans like Obsidian (3 story floor plans with private elevator) in Parasol park have not caught on?

 

[CalBears96]

When the market calms down, those people will hate themselves for buying those homes.  Everything sells in a hot market, even the steaming pile of crap homes.

Those who buy 3 story homes will hate themselves, imo.

One of my clients got into contract on a Toll Evergreens home for around $1.9m.  They'll do way better than the people that buy those 3-level models.

TB's Evergreen is much much better than Amara, let alone the Soria homes.

 

[sleepy5136]

Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

 

[CalBears96]

Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

 

[Ready2Downsize]

Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

 

[Cares]

Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?

 

[Ready2Downsize]

Home site 24 (Plan 1A) / Lot Size 3,770 / White Cabinets / $1,807,990 / August 4th Move-In
Home site 25 (Plan 2CR) / Lot Size 4,223 /White Cabinets / $1,892,990 / August 5th Move-In
Home site 26 (Plan 3XB) / Lot Size 4,355 /White Cabinets / $2,057,990 / August 9th Move-In
Home site 92 (Plan 3B) / Lot Size 3,290 / White Cabinets / $1,624,990 / August 17th Move-In
Home site 91 (Plan 1AR) / Lot Size 3,290 / White Cabinets / $1,577,990 / August 18th  Move-In

Phase 12A release Thursday. Might be better buying these than Soria models. Amara is now hitting ~$600 sq/ft. Crazy times.

Holy $hit! Seriously? Crazy times.  ;D

Least it's only two stories. LOL!

Hopefully buyers at this price level are move up buyers that are getting more for their current property.

I'm always itching to move up but I'm always stopped because why would I want to take on a bigger loan at a 1.5%+ higher interest rate and probably triple my current property taxes?

EXACTLY why I think building more homes isn't going to help. People are going to refuse to sell what they got. So........ imo it's probably a good idea to buy as much as you think you'll need rather than thinking you'll move up again. Not going to be much to choose from.