2010 Collection slowing down?

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irvinehomeowner

irvinehomeowner

Well-known member
Well... Santa Cruz has been putting homes on the MLS for a while now... but that's Woodbury East ( :P to Starlight )... it seems that Montecito is also experiencing the holiday season slowdown:
http://www.redfin.com/CA/Irvine/53-DONOVAN-92620/home/35653533

They've listed 4 properties (I think) with one Plan 1 starting at $760k (above) and three Plan 2s at $804k.

Will this change the strategy for TIC or is this just a winter season blip and the 2011 Collection (whatever homes that may comprise of) will sell beyond expectations again?
 
maybe its not slowing down... when i was in there a couple of months ago, plan 3 was offered at $722 + $20K in upgrades/closing
 
Patrick 3CWG said:
Test, if you like we can come back down to Irvine, er Tustin, for a visit, and do a photo shoot for Villages of Columbus.  Maybe something like that MJ video would be nice.  Just contact my agent, Mr. Jumpcut, to set up an appointment. 
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I can see Test with his one white glove crooning... "Hoooldd myyyy haannnd!"

[youtube]-oCCnxBos10[/youtube]

That might be him right there at the beginning in front of the hangar.
 
They are offering $20k for the buyers agents for the Monecito homes.  KB Homes is offering 3% on the Primrose units on Portola Springs. 
irvinehomeowner said:
Well... Santa Cruz has been putting homes on the MLS for a while now... but that's Woodbury East ( :P to Starlight )... it seems that Montecito is also experiencing the holiday season slowdown:
http://www.redfin.com/CA/Irvine/53-DONOVAN-92620/home/35653533

They've listed 4 properties (I think) with one Plan 1 starting at $760k (above) and three Plan 2s at $804k.

Will this change the strategy for TIC or is this just a winter season blip and the 2011 Collection (whatever homes that may comprise of) will sell beyond expectations again?
Click to expand...
irvinehomeowner said:
Well... Santa Cruz has been putting homes on the MLS for a while now... but that's Woodbury East ( :P to Starlight )... it seems that Montecito is also experiencing the holiday season slowdown:
http://www.redfin.com/CA/Irvine/53-DONOVAN-92620/home/35653533

They've listed 4 properties (I think) with one Plan 1 starting at $760k (above) and three Plan 2s at $804k.

Will this change the strategy for TIC or is this just a winter season blip and the 2011 Collection (whatever homes that may comprise of) will sell beyond expectations again?
Click to expand...
 
I think i read on TI that ainsley park sold 11 of their 12 homes not too long after their opening weekend after thanksgiving. I dont think Lyons south coast metro product is selling yet - im not tracking it though so it is possible it is. 

Ill tell you what is slow. Some time ago, we were looking at Shappell's Corte Bella at Amalfi hills in Yorba Linda, the pace they gave me to finish out their development was a sales pace of 3 homes per month! I could not believe it when they told me that.
 
I just got an invite for sales of the Carmel model homes, plus four more Carmel lots that I assume are in Carmel II but will have original Carmel I floorplans.  Prices start in the low $900,000.  Seven homes total, plus the two Carmel I cancellations that are on Redfin currently.  Rather than drop the price on the existing Carmel II floorplans and piss off previous Carmel II buyers, TIC/New Home Company seem to be trying to spur sales by downsizing the floorplans, thereby reducing the total price but still maintaining the same $/sq ft. 

I'm curious if they are also going to offer incentives to move these lots.  Anyone have any info on that?
 
So it seems the SFR segment hit a speedbump.

Primrose is probably suffering from Casero which is a superior product in my opinion.
 
akim997 said:
maybe its not slowing down... when i was in there a couple of months ago, plan 3 was offered at $722 + $20K in upgrades/closing
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Oops...yeah that was Santa Cruz... just realized that this was for Montecito...  Still overpriced at what they are asking for...  go drive around Montecito and tell me how you like the alleys...
 
oakcreekrenter said:
I just got an invite for sales of the Carmel model homes, plus four more Carmel lots that I assume are in Carmel II but will have original Carmel I floorplans.  Prices start in the low $900,000.  Seven homes total, plus the two Carmel I cancellations that are on Redfin currently.  Rather than drop the price on the existing Carmel II floorplans and piss off previous Carmel II buyers, TIC/New Home Company seem to be trying to spur sales by downsizing the floorplans, thereby reducing the total price but still maintaining the same $/sq ft. 

I'm curious if they are also going to offer incentives to move these lots.  Anyone have any info on that?
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I can't seem to find the Carmel homes on Redfin... any guidance?
 
oakcreekrenter said:
I just got an invite for sales of the Carmel model homes, plus four more Carmel lots that I assume are in Carmel II but will have original Carmel I floorplans.  Prices start in the low $900,000.  Seven homes total, plus the two Carmel I cancellations that are on Redfin currently.  Rather than drop the price on the existing Carmel II floorplans and piss off previous Carmel II buyers, TIC/New Home Company seem to be trying to spur sales by downsizing the floorplans, thereby reducing the total price but still maintaining the same $/sq ft. 

I'm curious if they are also going to offer incentives to move these lots.  Anyone have any info on that?
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No, they will be selling the three model homes and then the homes with the Carmel I floorplans will be Build-Out and built on the model home parking lot.
 
jumpcut said:
Seems like just yesterday I was enjoying free Flame Broiler at the grand opening and PatStar's family was posing for TIC photos...my, how time flies.  Well, it HAS been a whole month...and Stonegate East sold 90 homes.
http://www.ocmetro.com/t-irvine_co_village_stonegate_east_12092010.aspx

That's 3 per day, including weekends & holidays, but I think they were closed for Thanksgiving.  I wonder why I never see any sales updates like this for Lyon homes at Columbus Square and "South Coast Metro."
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Honestly, those folks buying in Stonegate East will not have an easy time when it comes resale time.  I still can't believe they are gonna build all those homes on that tiny little sliver of land. 
 
irvinehomeowner said:
So it seems the SFR segment hit a speedbump.

Primrose is probably suffering from Casero which is a superior product in my opinion.
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But then Sevilla is gonna compete with Casero.  Just a matter of time before Casero ups their $10k buyer's agent commission since they already lowered their prices after raising them.  Oh, interest rates spiking over .25% in the past week or so can't be good either.  ;)
 
jumpcut said:
USCTrojanCPA said:
Honestly, those folks buying in Stonegate East will not have an easy time when it comes resale time.  I still can't believe they are gonna build all those homes on that tiny little sliver of land. 
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Which makes the sales pace all that more amazing.  That village is a glorified traffic island wedged between the 133 and 6-lane Sand Canyon.  The noise can't be avoided.  Take your life in your hands just walking to the elementary school or shopping.  92618, ugh...
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Caulk another one up for the TIC marketing/PR team.  You couldn't have described it any better, but you forgot about the High School to the North.  When the new home smell is all gone and the glossy TIC brochures are no where to be found, the owners will be dealing with the cold slap of reality of the location of their homes. 
 
Just got eblasted today... TIC is offering free backyard landscaping on select Santa Cruz models.

Seems like being in the middle isn't such a great place to be... too high for entry level and too low for SFR seekers.
 
Plop those models in Woodbury and they would have sold by now.

I think for WE they do not work, they are the highest-priced homes in the community and that seems to be a problem.
 
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