bones said:Let's just recap. Here are the amazing things about SG. I'm so swayed I almost want to get out of my PP P&S and buy an Arcadia house:
1. It has apartment buildings that can't be seen when taking certain roads.
2. It has ugly curb appeal homes that can't be seen when you spend all your time indoors.
3. Oh but when you do want to go outside, it has a MILLION pocket pocks which comes along with a side of IP's special concoction "the-no-yard-Stockholm-Syndrome"
3. Its "central park" is even better than WB because it's only a 5 minute walk whereas in WB, the park can be "very far" for a lot of people.
4. The landscaping is not as pretty as places like WB but who wants to pay a bigger HOA fee when it can be spent towards a TV.
5. It is dense but who cares. Dense = more people walking around.
6. It is filled with FCBs, but not to worry - they are THE friendliest of all FCBs.
7. It is considered "irvine" - unlike West Irvine, Northpark, Columbus Grove and most likely Pavilion Park. What irvine in quotations mean? I'm still a bit fuzzy on but irvine in quotations MUST be better than irvine NOT in quotations.
7. Oh and of course - the kicker - IC lives there.
SOLD!
bones said:Goriot said:I haven't been tracking sales activity lately. Just curious, which community (SG/PP/CV/PS) is pricing/selling at higher price/premium per sqft (excl. bigger lot premium). I think builders probably know better then us which communities command a higher premium for new homes. The sales activities and price/premium per sqft will show later which communities are more in demand. Are they about the same right now?
It seems like some of those PS homes are selling at $450 to $500/sqft.
I posted about this a few pages back. Here's the text:
"I don't have any exact #s, but I know in certain price points and SF, PP is outselling SG: Harmony @PP is outselling Sausalito @SG. Rosemist/Sagewood/Hawthorne @PP is outselling Arcadia @SG (not collectively, but individually)."
So sales activity wise - PP is blowing SG out of the water at the price points I'm tracking. Harder to say about your $/SF question. A lot of these $1.2M+ homes are being sold with upgrades, etc. Hard to track. Plus there's the MR difference.
irvinehomeowner said:All your hoods are belong toQuail HillCollege Park 8).
bones said:Goriot said:bones said:Goriot said:I haven't been tracking sales activity lately. Just curious, which community (SG/PP/CV/PS) is pricing/selling at higher price/premium per sqft (excl. bigger lot premium). I think builders probably know better then us which communities command a higher premium for new homes. The sales activities and price/premium per sqft will show later which communities are more in demand. Are they about the same right now?
It seems like some of those PS homes are selling at $450 to $500/sqft.
I posted about this a few pages back. Here's the text:
"I don't have any exact #s, but I know in certain price points and SF, PP is outselling SG: Harmony @PP is outselling Sausalito @SG. Rosemist/Sagewood/Hawthorne @PP is outselling Arcadia @SG (not collectively, but individually)."
So sales activity wise - PP is blowing SG out of the water at the price points I'm tracking. Harder to say about your $/SF question. A lot of these $1.2M+ homes are being sold with upgrades, etc. Hard to track. Plus there's the MR difference.
Sales activity wise PP is newly released community so there is a significant/more pent up demand which means higher sales early on. However, what matter is the $$$ per square feet and how that trend continues.
True, there's obviously some of that - but take Sausalito for example. It was released AFTER PP (and not selling). Also, La Cresta in WB was released way before Arcadia or Sausalito or anything in PP and is selling well. And for some buyers - a "new community" can be irrelevant. They just want the best home that suits their needs. People have discussed here why "new" may not always be better? construction noise, long build time, etc. For me personally, I would much rather move in earlier (which was my option with Arcadia) versus my wait time now (in PP), but I ended up choosing PP regardless of the wait.
Or... the cost of land was higher at SG than at PP?Goriot said:Was Shea Homes expecting that SG should be trading at higher premium compared to PP? If you compare two homes Shea Homes built at both PP and SG, it seems like they were thinking that SG commanded higher premium and should have been priced at higher price point for a smaller lot offering.
bones said:paperboyNC said:qwerty said:like i said, no reasonable argument can be made.
I didn't buy in Stonegate and don't plan to, but obviously enough buyers like it better than the other available options to buy there. Whether or not you consider their reasons reasonable is irrelevant.
Keep in mind though that a lot of the SG defenders on this board bought in SG before PP even opened (so they didn't choose BETWEEN SG and PP). Of course, I'm sure they would all say "if I had to do it all over again, I would still choose SG". I know sales have slowed considerably in SG since PP opened at the end of September. I don't have any exact #s, but I know in certain price points and SF, PP is outselling SG: Harmony @PP is outselling Sausalito @SG. Rosemist/Sagewood/Hawthorne @PP is outselling Arcadia @SG (not collectively, but individually).
bones said:Let's just recap. Here are the amazing things about SG. I'm so swayed I almost want to get out of my PP P&S and buy an Arcadia house:
1. It has apartment buildings that can't be seen when taking certain roads.
2. It has ugly curb appeal homes that can't be seen when you spend all your time indoors.
3. Oh but when you do want to go outside, it has a MILLION pocket pocks which comes along with a side of IP's special concoction "the-no-yard-Stockholm-Syndrome"
3. Its "central park" is even better than WB because it's only a 5 minute walk whereas in WB, the park can be "very far" for a l.ot of people.
4. The landscaping is not as pretty as places like WB but who wants to pay a bigger HOA fee when it can be spent towards a TV
5. It is dense but who cares. Dense = more people walking around.
6. It is filled with FCBs, but not to worry - they are THE friendliest of all FCBs.
7. It is considered "irvine" - unlike West Irvine, Northpark, Columbus Grove and most likely Pavilion Park. What irvine in quotations mean? I'm still a bit fuzzy on but irvine in quotations MUST be better than irvine NOT in quotations.
7. Oh and of course - the kicker - IC lives there.
SOLD!
irvinehomeowner said:Or... the cost of land was higher at SG than at PP?Goriot said:Was Shea Homes expecting that SG should be trading at higher premium compared to PP? If you compare two homes Shea Homes built at both PP and SG, it seems like they were thinking that SG commanded higher premium and should have been priced at higher price point for a smaller lot offering.