Irvine Dream
New member
Irvinecommuter said:
No, the price was low even back then in comparison to the resales available at that time
Beacon Park, Yea or Nay?
- Thread starter ps99472
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No, the price was low even back then in comparison to the resales available at that time
Not from what I recall...considering the location, the comparable sales would be in PS, which were not selling very well or very high.
That was the general consensus on TI at the time as well:
http://www.talkirvine.com/index.php/topic,1261.210.html
Oh, I see... lol! Never seen the fast and furious movies. Ya right on the ferarri though...... I only buy new and refuse to have a car payment........ so no Ferrari for me, can't afford to just lay out that kind of money on a car.
Congratulation, consider a deed burning party yet to celebrate? So how long did you live in your house? That is an awesome achievement
But to pay almost 10K for a 3000 sq ft house on Mella (subject to increase) when you can pay half that for a similar size house in CV / Stonegate / OH is just ludicrous to me. It also isn't as if the facilities are any better. They are nice, but they are nice at the other locale's as well.
When I found out what the MR was (and I'm not one of those...oh my god, you have to pay MR people), I literally was like, welp, their goes BP, unless of course they end up softening the prices (although based upon the builders event...it would appear they were going to charge a premium vs. the IP projects). So it would seem that they will have higher MR and higher $/sq ft then similar builds (such as stonegate). I won't compare to OH since that gets the "hills" premium.
All that said I'm high on the lists for a couple projects (as well as some stuff in OH (bout time) / Stonegate) so we'll see.
It all depends on pricing. If it's low like PP was when it first opened, then yea, buyers lined up to pay extra MR for big lots. But if pricing is > SG/CV product, then I think people start to pass. Can't have both high MR + premium pricing on problematic land. It's a tough sell to all the mrs. of TI
Yup...Saratoga and Mendecino are both doing well...around $950K-$1.1 million. It's a good price point for resale...anything above that gets tricky because you get a lot of choices in OH, PP, and other resale.
No, the price was low even back then in comparison to the resales available at that time
Irvinecommuter
New member
Irvine Dream said:
Not from what I recall...considering the location, the comparable sales would be in PS, which were not selling very well or very high.
That was the general consensus on TI at the time as well:
http://www.talkirvine.com/index.php/topic,1261.210.html
Vinster
New member
https://www.youtube.com/watch?v=J4b4QoXEhtAReady2Downsize said:
Ready2Downsize
Well-known member
Vinster said:
Oh, I see... lol! Never seen the fast and furious movies. Ya right on the ferarri though...... I only buy new and refuse to have a car payment........ so no Ferrari for me, can't afford to just lay out that kind of money on a car.
irvinebullhousing
Well-known member
Ready2Downsize said:
Congratulation, consider a deed burning party yet to celebrate? So how long did you live in your house? That is an awesome achievement
aquabliss
Well-known member
I can't say yet how Beacon Park will be sectioned but in PP, we paid for the space. The space between my house and my neighbors is huge. On my particular lot I have large amounts of space (by new build standards) between myself and my neighbor on both sides.
Also to get a 6k lot in a TIC build would be nearly impossible. I will admit that the common area's in PP (and probably BP) aren't as nice as TIC properties but it's a trade off. So far it's been worth it for us.
Also to get a 6k lot in a TIC build would be nearly impossible. I will admit that the common area's in PP (and probably BP) aren't as nice as TIC properties but it's a trade off. So far it's been worth it for us.
For me it would be the mella and potentially school site on contaminated land that would be the potential deal-breaker. All of this is dependent on what prices they actually come out. Cemetery is not a deal breaker, but, like anything else, I would consider relative to whatever price they end up selling it for. I do think the neighborhoods and homes will be very nice though.ps9 said:
But to pay almost 10K for a 3000 sq ft house on Mella (subject to increase) when you can pay half that for a similar size house in CV / Stonegate / OH is just ludicrous to me. It also isn't as if the facilities are any better. They are nice, but they are nice at the other locale's as well.
When I found out what the MR was (and I'm not one of those...oh my god, you have to pay MR people), I literally was like, welp, their goes BP, unless of course they end up softening the prices (although based upon the builders event...it would appear they were going to charge a premium vs. the IP projects). So it would seem that they will have higher MR and higher $/sq ft then similar builds (such as stonegate). I won't compare to OH since that gets the "hills" premium.
All that said I'm high on the lists for a couple projects (as well as some stuff in OH (bout time) / Stonegate) so we'll see.
AW said:
It all depends on pricing. If it's low like PP was when it first opened, then yea, buyers lined up to pay extra MR for big lots. But if pricing is > SG/CV product, then I think people start to pass. Can't have both high MR + premium pricing on problematic land. It's a tough sell to all the mrs. of TI
Irvinecommuter
New member
I think it all goes back to pricing...I know PP touted bigger lots but from what I saw the lots were similar to TIC lots except for the bigger houses (3000+ sq. ft).
It is interesting to see how the market shakes out for PP v. Stonegate v. Woodbury. I know Stonegate is doing pretty brisk business but haven't really looked at Woodbury or PP.
It is interesting to see how the market shakes out for PP v. Stonegate v. Woodbury. I know Stonegate is doing pretty brisk business but haven't really looked at Woodbury or PP.
If you like the house and if you are going to live there for a LONG LONG TIME; it's worth it.
But if you plan on moving to other places in <4 years; it's not worth it.
Irvine market is mostly asians and asians doesn't like cemetery.
Let's say 100 people for looking for houses; 60 people are asian; you instantly lose 60% chance of selling your house.
But if you plan on moving to other places in <4 years; it's not worth it.
Irvine market is mostly asians and asians doesn't like cemetery.
Let's say 100 people for looking for houses; 60 people are asian; you instantly lose 60% chance of selling your house.
The other interesting thing is how the larger properties will do. It seems like the smaller stuff sells like hot-cakes, especially smaller SFR's. Whether its Baker Ranch or the stuff in Greenwood (as well as like Mendocino in Stonegate)...the stuff sells like hotcakes. The pricer, larger homes, seem to have a harder time moving. Yes, fewer people for the move up, but I also presume at some point people stop being willing to stretch if they can get that entry level SFR (they'll just deal with it). Sausalito, Arcadia, bigger stuff in OH (with some exceptions...such as Strada which their is the entry level SFR and is selling like hotcakes). With PP having a lot of bigger, higher end stuff, curious to see if stuff takes a while to sell. I guess bright side of 5P is that none of the builders have so many lots to where you'd expect tons of standing inventory, since each tract offers something at least partially unique to it (in terms of floor plans / track layout / etc).Irvinecommuter said:
Irvinecommuter
New member
Bullsback said:
Yup...Saratoga and Mendecino are both doing well...around $950K-$1.1 million. It's a good price point for resale...anything above that gets tricky because you get a lot of choices in OH, PP, and other resale.
