The Motor Court Company
Well-known member
the builders also need to consider Yuan's recent depreciation of 3%. the purchase power of prospective buyers just took a dip
Beacon Park
- Thread starter The I-R-V
- Start date
NEW -> Contingent Buyer Assistance Program
I'm always down for drinking games...
money is still free flowing out of China, consider how expensive Chinese housing market is. despite the high cost of tax, it is still cheaper than buying a condo in Beijing, Shanghai or Guangzhou.
did you get a piece of BP this time?
It makes me wonder what data fivepoints (and the builders) were looking at to support the prices?
I wonder if Fivepoints is betting BIG on the new K-8 school. Building the IUSD K-8 school in the smack middle of the community (w. new HS close by) and hoping Asian parents will pay the whatever the price to live near by. It seems like this strategy worked for TIC (CV, WB, SG, and Eastwood).
btw, I was at BP on Sunday afternoon to check out the larger sized homes (Torrey, Silvermist, etc.). Not sure if it was the extreme heat or the high price/high MR, but the foot traffic for the high square footage homes were extremely low for a grand opening day. For Pulte home, I was the only person touring the entire model with most of the staff sitting and bored to death (it was around 3:00 p.m.). No one was inside Oakmont model plans 1-2. More people on Oakmont plan 3 as it had a great floorplan. No one was in the sales office. I think you can walk in and grab a lot from phases 1/2 for many of these larger homes.
Ellwood rooftop deck was really nice with a great 180/270 view including the huge ugly hill near the landfill. Any plans to cover this up? It's so ugly to see from everywhere around Irvine.
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I doubt it. If past history is any indication builder would rather throw in more free upgrades than to lower price. Lowering price has such bad stigma builder would only resort to that if nothing else worked. I don't think we're anywhere near that in the current market.
Perspective
Well-known member
bones said:Perspective said:
We should make this a drinking game. Everytime Perspective types double mello, take a shot. I'll go first.
I'm always down for drinking games...
oceanmonkey
New member
yaliu07 said:
money is still free flowing out of China, consider how expensive Chinese housing market is. despite the high cost of tax, it is still cheaper than buying a condo in Beijing, Shanghai or Guangzhou.
did you get a piece of BP this time?
Completely agree and regarding TriPointe, their prices have essentially remained flat over a full year and their is nothing wrong with that, but they aren't exactly selling like hotcakes. I think their premium for the oversized lots was approximately 25K, so you could have gotten a 3000 sq foot home on a 5K sq foot lot (set back was 30 feet) for just over 1.2M. Whether you like the floor plan or not, different story, but that same home is roughly 1.3M at beacon with double mella roos (shots...shots...shots!).bones said:
It makes me wonder what data fivepoints (and the builders) were looking at to support the prices?
It makes me wonder what data fivepoints (and the builders) were looking at to support the prices?
[/quote]
I wonder if Fivepoints is betting big on the new K-8 school. Building the IUSD K-8 school in the smack middle of the community (w. new HS close by) and hoping Asian parents will pay the whatever the price to live near by. It seems like this strategy worked for TIC (CV, WB, SG, and Eastwood).
btw, I was at BP on Sunday afternoon to check out the larger sized homes (Torrey, Silvermist, etc.). Not sure if it was the extreme heat or the high price/high MR, but the foot traffic for the high square footage homes were extremely low for a grand opening day. For Pulte home, I was the only person touring the entire model with most of the staff sitting and bored to death (it was around 3:00 p.m.). No one was inside Oakmont model plans 1-2. More people on Oakmont plan 3 as it had a great floorplan. No one was in the sales office. I think you can walk in and grab few a lot from phases 1/2 for many of these larger homes.
Ellwood rooftop deck was really nice with a great 180/270 view including the huge ugly hill near the landfill. Any plans to cover this up? It's so ugly to see from everywhere around Irvine.
[/quote]
I wonder if Fivepoints is betting big on the new K-8 school. Building the IUSD K-8 school in the smack middle of the community (w. new HS close by) and hoping Asian parents will pay the whatever the price to live near by. It seems like this strategy worked for TIC (CV, WB, SG, and Eastwood).
btw, I was at BP on Sunday afternoon to check out the larger sized homes (Torrey, Silvermist, etc.). Not sure if it was the extreme heat or the high price/high MR, but the foot traffic for the high square footage homes were extremely low for a grand opening day. For Pulte home, I was the only person touring the entire model with most of the staff sitting and bored to death (it was around 3:00 p.m.). No one was inside Oakmont model plans 1-2. More people on Oakmont plan 3 as it had a great floorplan. No one was in the sales office. I think you can walk in and grab few a lot from phases 1/2 for many of these larger homes.
Ellwood rooftop deck was really nice with a great 180/270 view including the huge ugly hill near the landfill. Any plans to cover this up? It's so ugly to see from everywhere around Irvine.
Goriot said:
I wonder if Fivepoints is betting BIG on the new K-8 school. Building the IUSD K-8 school in the smack middle of the community (w. new HS close by) and hoping Asian parents will pay the whatever the price to live near by. It seems like this strategy worked for TIC (CV, WB, SG, and Eastwood).
btw, I was at BP on Sunday afternoon to check out the larger sized homes (Torrey, Silvermist, etc.). Not sure if it was the extreme heat or the high price/high MR, but the foot traffic for the high square footage homes were extremely low for a grand opening day. For Pulte home, I was the only person touring the entire model with most of the staff sitting and bored to death (it was around 3:00 p.m.). No one was inside Oakmont model plans 1-2. More people on Oakmont plan 3 as it had a great floorplan. No one was in the sales office. I think you can walk in and grab a lot from phases 1/2 for many of these larger homes.
Ellwood rooftop deck was really nice with a great 180/270 view including the huge ugly hill near the landfill. Any plans to cover this up? It's so ugly to see from everywhere around Irvine.
[/quote]
I don't get how Oakmont could have whiffed so badly on two floorplans and then hit it totally out of the park with the 3rd floorplan. If only it were 100K less, I'd have plopped down a deposit.
[/quote]
btw, some of the Oakmont homes includes $50,000 in upgrades so the base price is actually lower. I think this is true for many of the Phase 1/2 homes with upgrades included. Thus, it might seem prices look little high then should be for a base model. Subsequent phases with just the base price would look little more reasonable. Most new SF homes, you should be expected to plunk down about 5% to 10% of base price in upgrades.
[/quote]
btw, some of the Oakmont homes includes $50,000 in upgrades so the base price is actually lower. I think this is true for many of the Phase 1/2 homes with upgrades included. Thus, it might seem prices look little high then should be for a base model. Subsequent phases with just the base price would look little more reasonable. Most new SF homes, you should be expected to plunk down about 5% to 10% of base price in upgrades.
yaliu07 said:
I doubt it. If past history is any indication builder would rather throw in more free upgrades than to lower price. Lowering price has such bad stigma builder would only resort to that if nothing else worked. I don't think we're anywhere near that in the current market.
Perspective
Well-known member
Welton is already resorting to the MLS?
https://www.redfin.com/CA/Irvine/106-Follyhatch-92618/home/92929365
https://www.redfin.com/CA/Irvine/106-Follyhatch-92618/home/92929365
oceanmonkey
New member
i think the ratio for 1m+ and 1m- homes are off at beacon park. that could contribute to current not so good sales.