PANDA_IHB
New member
Like IR said, there are a few new construction homes in Irvine that are selling below $300/psf like San Carlos and Sandero in PS, but the mello roos and HOA on these townhomes are real wallet drainers. It seems that most of the new construction homes that are above 2000 square are the same prices from a year ago.
Let's predict a conservative estimate that that 30 fixed mortgages in 2010 will be 8-9%. Where do you think will be the bottom prices of the more desirable new construction homes in Northwood II, Woodbury, and Portola Springs would be in Feb, 2010? Are many of you planning on putting down a lot more than 20% down when you feel that new construction home prices have hit the bottom? Looking at IR2's stats on closings this year, the average amount that buyers are putting down is close to 37%.
Where do you think the bottom prices will be for these tracts?
1) Villa Rosa Plan 1
2) Las Colinas Plan 1
3) Los Arboles Plan 3
4) Manzanita Plan 2
5) Serra Plan 2
6) Stone Tree Manor Plan 2
7) Prado Plan 2
Also do any of you feel that the bottom in Irvine will be at a much later date than 2010 as we've had so much unexcepted crisis in our financial system?
Let's predict a conservative estimate that that 30 fixed mortgages in 2010 will be 8-9%. Where do you think will be the bottom prices of the more desirable new construction homes in Northwood II, Woodbury, and Portola Springs would be in Feb, 2010? Are many of you planning on putting down a lot more than 20% down when you feel that new construction home prices have hit the bottom? Looking at IR2's stats on closings this year, the average amount that buyers are putting down is close to 37%.
Where do you think the bottom prices will be for these tracts?
1) Villa Rosa Plan 1
2) Las Colinas Plan 1
3) Los Arboles Plan 3
4) Manzanita Plan 2
5) Serra Plan 2
6) Stone Tree Manor Plan 2
7) Prado Plan 2
Also do any of you feel that the bottom in Irvine will be at a much later date than 2010 as we've had so much unexcepted crisis in our financial system?
