WTF Quail Hill sale

[oakcreekrenter]

Did anyone notice the sale of 107 Capeberry? 
http://www.redfin.com/CA/Irvine/107-Capeberry-92603/home/5901972

Most of the comparable sales in this Warmington tract of Quail Hill have been at $400/sq ft or below, which is a decent present price compared to the rest of the neighborhoods in Quail Hill, and quite a drop from the listing prices.  But this one closed at $1,245,000 or $461/sq ft, which seems to me overpriced at least $150,000.  This, for the smallest floorplan in the tract.  I recently drove by the neighborhood and saw that the selling realtor plastered flyers trumpeting the sale on all the homes in the tract.  And then two more homes closed later this month:
http://www.redfin.com/CA/Irvine/111-Bottlebrush-92603/home/5901917
http://www.redfin.com/CA/Irvine/121-Bottlebrush-92603/home/5892665

Both right around the $400/sq ft point.  107 Capeberry does have nicer hardscape, not sure how much that is worth.  Perhaps buyers at this price point aren't really bothered by comparable sales and current market prices.

Either way, this part of Quail Hill sure seems a lot more attractive at the current price points (other than 107 Capeberry) than any new home in Laguna Altura.

 

[confuzed]

I thought 121 Bottlebrush was poorly marketed.

May 27, 2011  Sold (MLS) (Closed)  $1,150,000  --  Inactive SoCalMLS #S654108 
Apr 25, 2011 Pending (Backup Offers Accepted) -- -- Inactive SoCalMLS #S654108
Apr 04, 2011 Listed (Active) $1,370,000 -- Inactive SoCalMLS #S654108
Dec 31, 2003 Sold (Public Records) $968,500 -- Public Records


If they really wanted to sell at $1.15m, they should not have listed at $1.37m and then accept an offer that was $220k less within 3 weeks. Some real buyer may not have looked at the property or written an offer that low.

All IMO...