When would be next housing Bottom?

[eyephone]

They don?t mention the cost to upkeep the yard, fix or replace things. (It all adds up)

 

[Mety]

QH prices are falling because it's IHO's fav town. ;D

 

[irvinehomeowner]

QH prices are falling because it's IHO's fav town. ;D

This!

I also think these are anomalies but maybe Steven Thomas knows better.

 

[irvinebullhousing]

Steve Thomas sounds like IHO on twitters, his Facebook breakdown of ?To Buy Or Not To Buy. IHO are you Steve Thomas and not telling us who you really are on here?

 

[irvinehomeowner]

Steve Thomas sounds like IHO on twitters, his Facebook breakdown of ?To Buy Or Not To Buy. IHO are you Steve Thomas and not telling us who you really are on here?

That would be unfortunate for a certain member if I was.

 

[stonegate]

Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.

recently closed in Stonegate https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

 

[zubs]

Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.

recently closed in Stonegate https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Is this a pocket listing?  It's the same realtor for buyer and seller.  Does it matter?

 

[Mety]

Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.

recently closed in Stonegate https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Is this a pocket listing?  It's the same realtor for buyer and seller.  Does it matter?

Maybe it wasn't a pocket listing. There is a Redfin tour comment so I guess it was public, but not 100% sure.

I thought SFRs hold better values. What's going on with attached condos doing better now days?

 

[meccos12]

QH prices are falling because it's IHO's fav town. ;D

This!

I also think these are anomalies but maybe Steven Thomas knows better.

The difference between you and Steve Thomas is that he actually has legitimate data and numbers.  Oh wait, you dont believe in data and numbers. 

 

[meccos12]

Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.

recently closed in Stonegate https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

just another anomaly.  Nothing to see here. 

 

[irvinehomeowner]

QH prices are falling because it's IHO's fav town. ;D

This!

I also think these are anomalies but maybe Steven Thomas knows better.

The difference between you and Steve Thomas is that he actually has legitimate data and numbers.  Oh wait, you dont believe in data and numbers.

Show me where I said that.

I thought you hated strawman.

LOL.

 

[irvinehomeowner]

Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.

recently closed in Stonegate https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Must be the infamous 1.5 year December price lag.

Or it could be seasonal.

Bam. Elevator button.

 

[Mety]

QH prices are falling because it's IHO's fav town. ;D

This!

I also think these are anomalies but maybe Steven Thomas knows better.

The difference between you and Steve Thomas is that he actually has legitimate data and numbers.  Oh wait, you dont believe in data and numbers.

Show me where I said that.

I thought you hated strawman.

LOL.

I think IHO believes in datas and numbers PLUS experiences. But he also hits the elevator buttons.

 

[stonegate]

Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.

recently closed in Stonegate https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Is this a pocket listing?  It's the same realtor for buyer and seller.  Does it matter?

Not really.. it was on Redfin for long time

 

[Mety]

Its not just QH though... In general homes with more than 1.25 value are not selling fast and motivated sellers are ready to give great deals.

recently closed in Stonegate https://www.redfin.com/CA/Irvine/56-Hearst-92620/home/58556195

Bought at 1.364 in Aug 2017 and sold for 1.3 couple of days back..

Is this a pocket listing?  It's the same realtor for buyer and seller.  Does it matter?

Not really.. it was on Redfin for long time

So you're saying something like Eastwood Village's attached condo Delano would give you better returns than traditional SFRs with a driveway, which are usually more than $1.25m in Irvine?

 

[irvinebullhousing]

Do you have example of Delano in Eastwood resale to show that it?s a better ROI?

 

[Mety]

Do you have example of Delano in Eastwood resale to show that it?s a better ROI?

https://www.zillow.com/homedetails/91-Quill-Irvine-CA-92620/254247179_zpid/
$260k made in 3 months? Yeah, 'nuff said.
https://www.zillow.com/homedetails/122-Parkwood-Irvine-CA-92620/249829161_zpid/
$276k appreciation in less than a year? You're killing me, Larry.
https://www.zillow.com/homedetails/108-Parkwood-Irvine-CA-92620/2091742847_zpid/
Ok, I'll slow down. $160k in a year. How's that?

 

[irvinebullhousing]

Wow, very nicely gain. Very nice.

 

[irvinehomeowner]

Did OcReg stop doing the monthly articles on Irvine and Tustin housing prices?

Haven?t seen any posted here in a while.

 

[Mety]

According to Irvine Standard, it's about $950/month cheaper than last year because of lower interest rates now. They also claim housing market forecast is strong.
https://www.irvinestandard.com/2019/historically-low-rates-offer-opportunity-for-irvine-homebuyers/

So based on their calculation, I guess meccos12 and eyephone's advise to wait from last year was actually a good advice. I understand Irvine Standard has a little bit bias contents though.