What's going into escrow - Irvine and maybe some Tustin too

[quote author="skek" date=1224202915]Wow, I haven't checked in on Shady Canyon in a while. Here's another <a href="http://www.redfin.com/CA/Irvine/93-Canyon-Crk-92603/home/16865470">motivated seller</a> -- needs to sell by the end of November.



Anyone getting the feeling that we've reached a tipping point in Shady? I guess that 60+ months of inventory was a little too much downward price pressure.



Sorry to 'jack your thread, ipo.</blockquote>


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.
 
<a href="http://www.zillow.com/homedetails/34-Canyon-Ter-Irvine-CA-92603/61643142_zpid">This Turtle Ridge McMansion</a> just closed for $200K over its December 2005 purchase price. $2.22M, or $586 per sf.



Bubble, what bubble?!
 
[quote author="halfnote19" date=1224309079]ipo



I noticed in your cs that you have an asterick next to sept.

What does it mean?</blockquote>


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.
 
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...:)
 
[quote author="fumbling" date=1224462462]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...:)</blockquote>


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.



<a href="http://www.ipoplaya.com/iposhiller.pdf">I just updated for recent closings</a> 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...
 
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)
 
[quote author="escrowbear" date=1224827329]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)</blockquote>


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
 
[quote author="escrowbear" date=1224827329]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)</blockquote>


It's currently the tenth entry down on <a href="http://www.ipoplaya.com/iposhiller.pdf">my closing list...</a>
 
[quote author="ipoplaya" date=1224833644][quote author="escrowbear" date=1224827329]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)</blockquote>


It's currently the tenth entry down on <a href="http://www.ipoplaya.com/iposhiller.pdf">my closing list...</a></blockquote>


Thanks! 04 rollback. Was hoping/expecting more. That property was on sale forever.
 
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.
 
[quote author="ipoplaya" date=1224906798]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.</blockquote>


Good. Everyone here thinks housing in Irvine will become free or something.
 
[quote author="JLegend" date=1224910834][quote author="ipoplaya" date=1224906798]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.</blockquote>


Good. Everyone here thinks housing in Irvine will become free or something.</blockquote>
Not free, but discounted from current levels.
 
[quote author="IrvineRealtor" date=1224832530]



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</blockquote>


http://images.icanhascheezburger.com/completestore/2008/10/25/128694663923734296.jpg
 
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