What's going into escrow - Irvine and maybe some Tustin too
- Thread starter ipoplaya_IHB
- Start date
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This thread has been heisted so many times skekker that Lo-Jack canceled my service. No need to apologize... I knew a Shady Canyon escrow would draw your interest you unabashed Shady lover.
In September, I started picking up smaller properties and lower price points. As the low-end has decline more than the middle and high end of price points, that skewed the data. September isn't directly comparable to previous months as a result.
It's manual update fumbling. A very time consuming manual update process... I don't work on it much on weekends, so usually a big update on Monday and then every day or two during the work week.
I just updated for recent closings and am encouraged to report a nice price decline now reflecting for October sales. So far, October is tracking as a 2+% decline and we've touched a sub 200 Case-Shiller figure for the first time.
Will add new escrows since late last week later today. There haven't been very many...
Got it.
List Date 9/17/2007
Date Added 9/17/2007
Tran Date 10/16/2008
DOM 337
COE: 10/16/2008
LP/SqFt $462.89
Org Price $2,175,000
Prev Price $1,788,000
Cur List Prc $1,759,000
CDOM 337
Off Market 10/14/2008
Comp 2.5%
--------------------------------------------------------------------------------
Pending/Sold Information
--------------------------------------------------------------------------------
List Price$1,759,000
Financing Conventional Selling Terms
Cont Price $1650000
Begin Escrow 10/14/2008
COE 10/16/2008
Sold Price $1,650,000
SP/SqFt $434.21
Sold/List 94%
DOM 337
Mortgage Amt: $1,320,000
Thanks! 04 rollback. Was hoping/expecting more. That property was on sale forever.
Good. Everyone here thinks housing in Irvine will become free or something.
ABC123_IHB
New member
I don't think they should have taken those pictures at night. It makes the place seem too depressing.
ipoplaya_IHB
New member
skek said:
This thread has been heisted so many times skekker that Lo-Jack canceled my service. No need to apologize... I knew a Shady Canyon escrow would draw your interest you unabashed Shady lover.
ipoplaya_IHB
New member
This Turtle Ridge McMansion just closed for $200K over its December 2005 purchase price. $2.22M, or $586 per sf.
Bubble, what bubble?!
Bubble, what bubble?!
halfnote19_IHB
New member
ipo
I noticed in your cs that you have an asterick next to sept.
What does it mean?
I noticed in your cs that you have an asterick next to sept.
What does it mean?
25w100k+_IHB
New member
It means we all should have bought 4 months ago when inventory was higher, prices were lower, and interest rates were lower. ;-)
ipoplaya_IHB
New member
halfnote19 said:
In September, I started picking up smaller properties and lower price points. As the low-end has decline more than the middle and high end of price points, that skewed the data. September isn't directly comparable to previous months as a result.
fumbling_IHB
New member
IPO, is your website updated automatically every day or do you manually update it every few days or so? Just curious because I didn't see anything go into escrow since 10/16, and was wondering if that meant nothing went into escrow or you just haven't had time to update it. If this is a newbie question (I just started checking out the site regularly in the last couple of weeks) sorry...
evening rose_IHB
New member
I believe he manually updates it...
ipoplaya_IHB
New member
fumbling said:IPO, is your website updated automatically every day or do you manually update it every few days or so? Just curious because I didn't see anything go into escrow since 10/16, and was wondering if that meant nothing went into escrow or you just haven't had time to update it. If this is a newbie question (I just started checking out the site regularly in the last couple of weeks) sorry...
It's manual update fumbling. A very time consuming manual update process... I don't work on it much on weekends, so usually a big update on Monday and then every day or two during the work week.
I just updated for recent closings and am encouraged to report a nice price decline now reflecting for October sales. So far, October is tracking as a 2+% decline and we've touched a sub 200 Case-Shiller figure for the first time.
Will add new escrows since late last week later today. There haven't been very many...
escrowbear_IHB
New member
Can you check on this property? It was in backup and now is no longer on REDFIN. I'm wondering what the closing price was.
2344 Ottawa Way , Tustin, CA - Asking 1,759,000 (prev sale 1,649,000 (11/04)
2344 Ottawa Way , Tustin, CA - Asking 1,759,000 (prev sale 1,649,000 (11/04)
IrvineRealtor_IHB
New member
escrowbear said:
Got it.
List Date 9/17/2007
Date Added 9/17/2007
Tran Date 10/16/2008
DOM 337
COE: 10/16/2008
LP/SqFt $462.89
Org Price $2,175,000
Prev Price $1,788,000
Cur List Prc $1,759,000
CDOM 337
Off Market 10/14/2008
Comp 2.5%
--------------------------------------------------------------------------------
Pending/Sold Information
--------------------------------------------------------------------------------
List Price$1,759,000
Financing Conventional Selling Terms
Cont Price $1650000
Begin Escrow 10/14/2008
COE 10/16/2008
Sold Price $1,650,000
SP/SqFt $434.21
Sold/List 94%
DOM 337
Mortgage Amt: $1,320,000
ipoplaya_IHB
New member
escrowbear_IHB
New member
ipoplaya said:
Thanks! 04 rollback. Was hoping/expecting more. That property was on sale forever.
freedomCM_IHB
New member
so they are putting 20% down, and still need to wrangle a super-jumbo.
are those still available? 10% interest now?
are those still available? 10% interest now?
ipoplaya_IHB
New member
The big October price declines in Irvine have been wiped out by recent closings. October is now showing less than a 1% drop vs. September.
JLegend_IHB
New member
ipoplaya said:
Good. Everyone here thinks housing in Irvine will become free or something.
usctrojanman29_IHB
New member
Not free, but discounted from current levels.JLegend said: