Cetara Orchard Hills The Groves Shea Homes

[Dr. CA Real Estate]

So are buyers still trying to buy these view lots or have the price caused a slow down?

I?m wondering if the recent fire in OH?s backyard would affect any potential buyers.

Unlikely. We will see how many people they have to call tmr to sell all the lots. As usual the view lots will go to the first 3 people they call. Im guessing 45 calls for the infills.

 

[irvinebullhousing]

So are buyers still trying to buy these view lots or have the price caused a slow down?

I%u2019m wondering if the recent fire in OH%u2019s backyard would affect any potential buyers.

Unlikely. We will see how many people they have to call tmr to sell all the lots. As usual the view lots will go to the first 3 people they call. Im guessing 45 calls for the infills.

The only way to take down Irvine housing is a dramatic rate increase. If that happen so will the rest of the world. Likely the apocalyptic, end of the world. I have associates, fleeing metro LA area to Irvine for safety and schools. My world sample is small but relevant.

 

[Sidehussle]

LA expats will bid up Irvine prices if there is a decent amount of migration. LA used to paying 600-900 per sq ft for dumps. Check out Pasadena and San Marino. If they trade they will think Irvine is a bargain and not hesitate to offer above ask for desirable properties

 

[shadyoc]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

 

[Dr. CA Real Estate]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

 

[shadyoc]

Did all 6 lots eventually sell out?

 

[usctrojancpa]

So are buyers still trying to buy these view lots or have the price caused a slow down?

I%u2019m wondering if the recent fire in OH%u2019s backyard would affect any potential buyers.

Unlikely. We will see how many people they have to call tmr to sell all the lots. As usual the view lots will go to the first 3 people they call. Im guessing 45 calls for the infills.

The only way to take down Irvine housing is a dramatic rate increase. If that happen so will the rest of the world. Likely the apocalyptic, end of the world. I have associates, fleeing metro LA area to Irvine for safety and schools. My world sample is small but relevant.

Rates aren't going above 3% anytime soon and may be go a bit lower especially now that we didn't get a blue wave. No material federal tax increases and any stimulus packages will be somewhat limited by cocaine Mitch's Senate which means more Fed $$$ pumped into the system for longer.

I've had been working with half a dozen LA county residents who wanted to buy in Irvine this year to get out of LA (crappy public schools, horrible traffic, super expensive real estate, and more and more homeless) compared to 1 or 2 a year before 2020. The work from home trend has allowed these buyers to pull the trigger on buying a home in Irvine.

 

[usctrojancpa]

LA expats will bid up Irvine prices if there is a decent amount of migration. LA used to paying 600-900 per sq ft for dumps. Check out Pasadena and San Marino. If they trade they will think Irvine is a bargain and not hesitate to offer above ask for desirable properties

And even higher if you are West of the 405. Irvine real estate isn't as high as people think compared to many parts of LA.

 

[usctrojancpa]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

My buyer passed on the Plan 1 view lot (68) as they want a Plan 3 view lot or larger Plan 3 lot (they got on the waitlist the week after the grand opening). 

 

[Dr. CA Real Estate]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

My buyer passed on the Plan 1 view lot (68) as they want a Plan 3 view lot or larger Plan 3 lot (they got on the waitlist the week after the grand opening).

I can bet you they have to wait for the larger lots at the end of Trailmaster at earliest for a large lot.

 

[Dr. CA Real Estate]

OC real estate everywhere is much cheaper than its LA counterpart.

 

[shadyoc]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

My buyer passed on the Plan 1 view lot (68) as they want a Plan 3 view lot or larger Plan 3 lot (they got on the waitlist the week after the grand opening).

I can bet you they have to wait for the larger lots at the end of Trailmaster at earliest for a large lot.

It would be ironic if those large lots, with the lot premium + phase increases, costs almost as much as the view lots in the earlier phases.

 

[usctrojancpa]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

My buyer passed on the Plan 1 view lot (68) as they want a Plan 3 view lot or larger Plan 3 lot (they got on the waitlist the week after the grand opening).

I can bet you they have to wait for the larger lots at the end of Trailmaster at earliest for a large lot.

It would be ironic if those large lots, with the lot premium + phase increases, costs almost as much as the view lots in the earlier phases.

The larger non-view lots will not carry the hefty premium that view lots will. My guess is that the larger non-view lots will have premiums of $100k to $150k (maybe a little more for the larger lots that back up to Leafy Pass).

 

[Nguyen80]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

My buyer passed on the Plan 1 view lot (68) as they want a Plan 3 view lot or larger Plan 3 lot (they got on the waitlist the week after the grand opening).

I can bet you they have to wait for the larger lots at the end of Trailmaster at earliest for a large lot.

It would be ironic if those large lots, with the lot premium + phase increases, costs almost as much as the view lots in the earlier phases.

More expected than ironic. Isn?t it the case with last phase in all the collections that are built

 

[calFriend]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

My buyer passed on the Plan 1 view lot (68) as they want a Plan 3 view lot or larger Plan 3 lot (they got on the waitlist the week after the grand opening).

How come your buyer getting on the waitlist later than I got a call already while I didn't? Grand opening is 9/12, right?

 

[Dr. CA Real Estate]

Only 3 more phases for view lots and all view lots will be sold out in OH Groves.  Better get them while you can.  Resale values will be much higher.

Id put the view lots if they were built out today at 2.7-3 range.

Interesting buyer activity on phase 3. View Lots 70 and 69 went to the first two they called. Interior lots 54 and 55 actually sold pretty quickly and before view lot 68. 68 and 56 sat for a while.

Possible that if you want a view lot but prequalified late then lot 66 phase 4 might be yours. And of course there is the parking lot phase.

My buyer passed on the Plan 1 view lot (68) as they want a Plan 3 view lot or larger Plan 3 lot (they got on the waitlist the week after the grand opening).

How come your buyer getting on the waitlist later than I got a call already while I didn't? Grand opening is 9/12, right?

Prequals opened before grand opening. Did you actually prequalify by showing them PoF if cash or prequalify with their preferred lender (a guy from Wells Fargo)?

 

[calFriend]

Kris,

Our pre-qual has no problem. We are just curious about the timing and call. Everything is clear now after our agent figured it out by talking with sales office.

 

[shadyoc]

Are all phase 3 homes sold out?

 

[Nguyen80]

Are all phase 3 homes sold out?

They sold out that same morning

 

[shadyoc]

Ok. Anyone else notice that the plan 2 phase increase are slightly higher than plan 1 or 3?