Shady Canyon

NEW -> Contingent Buyer Assistance Program
awgee said:
NoWowway said:
Attention Shady Canyon Resident,

Your expensive tortoise was turned into Irvine Animal Control by the gatekeeper guard today. The staff estimates the value of this turtle to be about $1k. It is expected to grow to 250 pounds. Please come and pick it up asap.

(true!) ;-)
Click to expand...

Sulcata?
Click to expand...

He was not lost. He was looking for his roomate Acpme. They camp out on the same lot.
 
66 Canyon Creek had a price drop of $1,000,000 from $9,995,000 to $8,995,000 today. The home was originally priced at $11,995,000 when it first came on the market but soon dropped to the most recent selling price of $9,995,000. It was taken off the market and put back on 1 day later in early June to reflect a lower 'days on market' number so the original list price is not reflected on the current MLS listing but in effect has had a total price drop of $3,000,000 or almost $250 a sq. ft.
 
skek said:
Prices per square foot in Shady Canyon are all over the place. Does anyone have a sense for where they might end up? I've heard construction costs in the customs can run as high as $400-500 per square foot. Any truth to that?
Click to expand...
Yes, construction costs for improvements can easily go above $500 per sq. ft. And ... the builder costs are no longer relevant. Shady Canyon has become a supply driven market. There is a HUGE oversupply of upper end homes and the demand is decreasing at logrithimic rates. I do not think anyone can accurately guess what the bottom will look like, until after it has passed. Realtors love to say, "No one can predict the absolute bottom." That is a straw man argument. You do not have to predict the bottom. You just have to wait until it has passed and you can see it behind us and then buy. Buying property within a few percentage points of the bottom is just a good as buying at the bottom.
 
You do not have to predict the bottom. You just have to wait until it has passed and you can see it behind us and then buy. Buying property within a few percentage points of the bottom is just a good as buying at the bottom.
Click to expand...
My husband is always saying this same thing.
 
Just noticed that the foreclosure house, 6 Prairie Grass, just came back onto the market asking $2.6M. Wow! The neighbors won't be liking that!
 
MacFanMom said:
Just noticed that the foreclosure house, 6 Prairie Grass, just came back onto the market asking $2.6M. Wow! The neighbors won't be liking that!
Click to expand...
The neighbors may not like it, but us "pent up demand" folks do.
 
skek said:
Number of Shady Canyon sales in the last three months (according to Redfin and excluding the foreclosure)? One -- 52 Boulder View, which looks to have been a lot resale.
Click to expand...

Yes - 52 Boulder View is currently a vacant lot. The last recorded home sale (of any type) was 29 Watercress a tad over three mos. ago at $5MM on April 14, 2008 and was a cash purchase.
 
So, Equitymind and Skek,

What is happening in Shady Canyon these days?

Is anything selling? Anything new on the market? Any just completed spec homes? Any more foreclosures?

Is the creaking gate soundtrack still working?
 
109 Canyon Crk - Reduced Listing:

Apr 01, 2008 $7,995,000

Jul 08, 2008 $6,995,000

Aug 29, 2008 $5,995,000

That's another good step in the right direction!

New listing 28 Boulder Way ... just a tad expensive also pretty high $/sq. ft. for some reason there's no pix of the home itself.
 
Roo said:
109 Canyon Crk - Reduced Listing:

Apr 01, 2008 $7,995,000

Jul 08, 2008 $6,995,000

Aug 29, 2008 $5,995,000

That's another good step in the right direction!

New listing 28 Boulder Way ... just a tad expensive also pretty high $/sq. ft. for some reason there's no pix of the home itself.
Click to expand...

Re. 28 Boulder View - Sometimes the developer lists the home before it is finished. Since McMonigle is the listing agent on so many of the brand new spec homes, I can not help but wonder if he is not also an investor.
 
awgee said:
Roo said:
109 Canyon Crk - Reduced Listing:

Apr 01, 2008 $7,995,000

Jul 08, 2008 $6,995,000

Aug 29, 2008 $5,995,000

That's another good step in the right direction!

New listing 28 Boulder Way ... just a tad expensive also pretty high $/sq. ft. for some reason there's no pix of the home itself.
Click to expand...

Re. 28 Boulder View - Sometimes the developer lists the home before it is finished. Since McMonigle is the listing agent on so many of the brand new spec homes, I can not help but wonder if he is not also an investor.
Click to expand...

Rough times for everyone I guess...

Good news, if I buy this home, redfin would give me $370,000 back, enough for a good downpayment on something I can afford!
 
Noticed a new listing in Shady at 38 Prairie Grass. They are asking $3,095,000. The listing doesn't appear on Redfin, but is on Realtor.com
 
awgee said:
Roo said:
109 Canyon Crk - Reduced Listing:

Apr 01, 2008 $7,995,000

Jul 08, 2008 $6,995,000

Aug 29, 2008 $5,995,000

That's another good step in the right direction!

New listing 28 Boulder Way ... just a tad expensive also pretty high $/sq. ft. for some reason there's no pix of the home itself.
Click to expand...

Re. 28 Boulder View - Sometimes the developer lists the home before it is finished. Since McMonigle is the listing agent on so many of the brand new spec homes, I can not help but wonder if he is not also an investor.
Click to expand...

My sources say, "Yes."

-magic 8 ball
 
am interested in checking out the properties in shady canyon. anyone know if i can just go in on my own or does it have to be with a realtor?

if it has to be with a realtor, any realtor recc's?
 
baseballhat said:
am interested in checking out the properties in shady canyon. anyone know if i can just go in on my own or does it have to be with a realtor?

if it has to be with a realtor, any realtor recc's?
Click to expand...

If you go on a Sunday afternoon, you can tell the guard you are there to look at open houses and they will give you a map to the open houses. No realtor necessary.
 
You must log in or register to reply here.
Back
Top