irvinehomeshopper
Well-known member
My recommendation is to buy a an entry level conventional single family detached home over all other choices. This segment will experience the highest and safest price jump in the next few years. Although Motorcourt homes will sell well too but Conventional SFD has little competition and it is harder to get knock off. The risk of having SFD get bumped down in price is unlikely.
In a robust market developers will built more experimental projects when the risk of absorption is low. The last couple of years products in SoCal were quite safe and conventional to minimize standing inventory and the sole reason for carbon copy products.
To explain this in simple term I will use a hyperthethical example.
Products must fall between $400k-$1m. There are 6 products for sale at the sametime the pricing may be like this:
Attached product A: $400k
Duplex Product B on motor court: $500k
Motorcourt detached condos product C without driveway:$600k
Motorcourt detached condos product D with driveway:$700k
Entry Level 45' wide lot Conventional SFD product E with driveway $800k
50' wide lot Conventional SFD product F on street: $900k
The focus of the current time is to introduce move up homes to test the $1m+ market and numerous new hybrids to target the low end of the market. The revised list with new hybrid product may look like this to address the price segmentation and some products will get bumped up to address an even spread between $400k- $1m. The new hybrids are labeled in numerals.
Product A :$400
Product 1 : $450k
Product 2 : $500k
product 3 : $550k
Product B : $600k
product C : $700
product 4 : $750k
Product D : $800k
product 5 : $850
product E : $900k
product F : $1m
In a robust market developers will built more experimental projects when the risk of absorption is low. The last couple of years products in SoCal were quite safe and conventional to minimize standing inventory and the sole reason for carbon copy products.
To explain this in simple term I will use a hyperthethical example.
Products must fall between $400k-$1m. There are 6 products for sale at the sametime the pricing may be like this:
Attached product A: $400k
Duplex Product B on motor court: $500k
Motorcourt detached condos product C without driveway:$600k
Motorcourt detached condos product D with driveway:$700k
Entry Level 45' wide lot Conventional SFD product E with driveway $800k
50' wide lot Conventional SFD product F on street: $900k
The focus of the current time is to introduce move up homes to test the $1m+ market and numerous new hybrids to target the low end of the market. The revised list with new hybrid product may look like this to address the price segmentation and some products will get bumped up to address an even spread between $400k- $1m. The new hybrids are labeled in numerals.
Product A :$400
Product 1 : $450k
Product 2 : $500k
product 3 : $550k
Product B : $600k
product C : $700
product 4 : $750k
Product D : $800k
product 5 : $850
product E : $900k
product F : $1m
