Hidden Canyon in Irvine
- Thread starter lcms2002
- Start date
NEW -> Contingent Buyer Assistance Program
I spoke to one of the higher ups at Toll and the plan is to adjust pricing upward with each phase and with increasing percentages from prior phases because sales have been so strong. That's why we chose to move on Phase 2 versus waiting for the larger lots that will come online in the later phases cause pricing will be through the roof later if demand holds! On some of the structural options alone, they increased the pricing by almost 40% from Phase 2 to 3 (i.e. the conservatory we added went from roughly low $30s to now mid 40s). So crazy.
Unfortunately like most Irvine/Newport homes, the neighbors are close. I even went to a custom shady home for $5million last month just for kicks and was shocked at how close the neigbors were. I think to get some distance from your neighbors you have to live in other parts of OC or pay a ton for a custom home.
Where is your lot? the lot we are interested is located on the periphery of the community and back against a hill and the nature preserve (on the side of 133 hwy) ... part of the backyard is labeled as a fuel modification zone. I wonder whether it would a problem getting home insurance and whether there will be extra surcharge .
I have the Santa Monica and the phase 3 conservatory is now $43,400, I'm pretty sure the Avalon is in the 50s now for the conservatory. If you were looking at the sales floor option book, that is outdated and reflects pricing for Phase 1 & 2. The updated pricing is on the toll brothers "My Toll Home" where you pick all your options once you've signed a contract.
Looks like both Marbella and Capri have deposits on all homes but one released to date. Seems like Toll has locked down buyers for $100M+ of inventory in under 6 weeks. It will be interesting to see if pricing for both communities holds at current levels after the models open. If Toscana in Laguna Altura is selling at $600/sf, these homes may actually be priced under market.
I think pricing will adjust upward considerably as there are less units to be absorbed. Just my take based on the current sales velocity. Toll is a public company, so I think their strategy was to sell the first units quickly so they could book profits before their fiscal year end in Oct.
OC-Broker said:
I spoke to one of the higher ups at Toll and the plan is to adjust pricing upward with each phase and with increasing percentages from prior phases because sales have been so strong. That's why we chose to move on Phase 2 versus waiting for the larger lots that will come online in the later phases cause pricing will be through the roof later if demand holds! On some of the structural options alone, they increased the pricing by almost 40% from Phase 2 to 3 (i.e. the conservatory we added went from roughly low $30s to now mid 40s). So crazy.
eyephone said:
Unfortunately like most Irvine/Newport homes, the neighbors are close. I even went to a custom shady home for $5million last month just for kicks and was shocked at how close the neigbors were. I think to get some distance from your neighbors you have to live in other parts of OC or pay a ton for a custom home.
irvine99 said:
Where is your lot? the lot we are interested is located on the periphery of the community and back against a hill and the nature preserve (on the side of 133 hwy) ... part of the backyard is labeled as a fuel modification zone. I wonder whether it would a problem getting home insurance and whether there will be extra surcharge .
inagawa said:
I have the Santa Monica and the phase 3 conservatory is now $43,400, I'm pretty sure the Avalon is in the 50s now for the conservatory. If you were looking at the sales floor option book, that is outdated and reflects pricing for Phase 1 & 2. The updated pricing is on the toll brothers "My Toll Home" where you pick all your options once you've signed a contract.