Hidden Canyon in Irvine
- Thread starter lcms2002
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NEW -> Contingent Buyer Assistance Program
Sorry I just looked at the Capri handouts they passed out today and no pricing info. I agree with you, I think their plan was to do a big price increase since the models will be officially open next weekend and then subsequent increases will stay closer to their original target of $25-$50k per phase.
These were the base pricings for phase 2 for Marbella without lot premium. The interior lots with no view had low lot premiums, whereas the view lots had high lot premiums. My lot premium was $150k and the house at the end of our street had a lot premium of $500k because it had the best view and large lot size. On top of this, add anywhere from 10-15% for structural and design options. For my qualification, they assumed $300k for options on top of base and lot premium pricing.
Wow... They really are trying to differentiate Marbella and Capri with these prices... Thanks for sharing!
Maybe they meant phase 4b (the rest of Shady Arbor)? If #165 (small view lot) is pushing $2.93, the bigger view lots at the end of the cul-de-sac (160, 161, 159) at $3.1 would make sense!
Went to VIP event and met five future neighbors in phases 1 & 2 of Marbella, and similar to what I stated before, all 30s-40s with children ranging from infant to 7 years old. So just reaffirming what I previously said about the age of people buying there. Haven't been there since construction and the models looked amazing, especially the pools.
What was more crazy was I spoke to the sales office and they said that because demand has been so high for Marbella, the anticipated increase of base pricing for phase 3, which will be released mid April, will range from $2.7-3.1, which reflects a $300-$500k increase from my phase 2. My all-in with options and landscaping will be over $3 so that means future phases will hit the $4 millions all-in. Crazy!
What was more crazy was I spoke to the sales office and they said that because demand has been so high for Marbella, the anticipated increase of base pricing for phase 3, which will be released mid April, will range from $2.7-3.1, which reflects a $300-$500k increase from my phase 2. My all-in with options and landscaping will be over $3 so that means future phases will hit the $4 millions all-in. Crazy!
300-500k increase in one phase, that's pretty dramatic! I am sure future incremental increases will be significantly less but that's good news to those whol purchased in the early phases. I purchased in phase 1 of the Capri collection . Does anyone have information on pricing for phase 2?
happios said:
Sorry I just looked at the Capri handouts they passed out today and no pricing info. I agree with you, I think their plan was to do a big price increase since the models will be officially open next weekend and then subsequent increases will stay closer to their original target of $25-$50k per phase.
Got some pics from my friend who attended VIP party today.
He said it looks 10 times better than the pics, but would like to share some here.
Pools & landscaping are beyond imagination but too many people got in the picture to share them in the public like here.
He said it looks 10 times better than the pics, but would like to share some here.
Pools & landscaping are beyond imagination but too many people got in the picture to share them in the public like here.
Attachments
How valid are the Capri and Marbella prices on Toll Brother's site? Are they up to date?
https://www.tollbrothers.com/CA/Toll_Brothers_at_Hidden_Canyon_-_Capri_Collection#homedesignshttps://www.tollbrothers.com/CA/Toll_Brothers_at_Hidden_Canyon_-_Marbella_Collection#homedesigns
https://www.tollbrothers.com/CA/Toll_Brothers_at_Hidden_Canyon_-_Capri_Collection#homedesignshttps://www.tollbrothers.com/CA/Toll_Brothers_at_Hidden_Canyon_-_Marbella_Collection#homedesigns
Grayston said:
Goriot said:
These were the base pricings for phase 2 for Marbella without lot premium. The interior lots with no view had low lot premiums, whereas the view lots had high lot premiums. My lot premium was $150k and the house at the end of our street had a lot premium of $500k because it had the best view and large lot size. On top of this, add anywhere from 10-15% for structural and design options. For my qualification, they assumed $300k for options on top of base and lot premium pricing.
I think the prices were too close between Capri and Marbella for the first 2 phases. My guess is they want to establish a clear price point separation with the increase. I would expect Capri would get a bump in price as well given it's still sitting comfortably under $500/sqft, depending on lot size, but not nearly the same jump.
Grayston said:
rkp said:
Wow... They really are trying to differentiate Marbella and Capri with these prices... Thanks for sharing!
Grayston said:
Maybe they meant phase 4b (the rest of Shady Arbor)? If #165 (small view lot) is pushing $2.93, the bigger view lots at the end of the cul-de-sac (160, 161, 159) at $3.1 would make sense!
Really interesting to watch this unfold. I think what you are really seeing is a bigger spread develop between prime and non-prime lots. I think the capris seem low in the current phase because of the lot size and location. I know in the last phase, a few capris sold close to 2.4m before structural upgrades.