Hidden Canyon in Irvine

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Irvine Dream said:
USCTrojanCPA said:
It has slowed down and it hasn't dropped off a cliff.  It's one thing to say that the luxury market has slowed down and another to say that prices are going down.

Then again you come across price drops like these, $340K price drop and house looks nice (may be at T though)
https://www.redfin.com/CA/Irvine/102-Fieldwood-92618/home/51682529

Some of these price drops are from seller's starting with highly optimistic listing prices.  Listing it at $1.69m?  Come on, that's smoking crack.
 
They did buy it for just under 1.1M back in 2013.  While it is nicely upgraded, they are still going to do okay even at the price they have listed it at.  Believe it is on a T street. 
 
USCTrojanCPA said:
zubs said:
Dam! RHOC putting in the real work....

duty_calls.png

The interweb is serious business yo.

I take my IT very seriously people!  ;)
 
USCTrojanCPA said:
hello said:
Even if this was true,  can we really say the high end is not stalling based on one house or even one tract of homes? 
I get it, we all have our opinions on how houses are selling and Im sure we all have our personal biases (probably based on our personal financial obligations/situations).  However I think almost everyone believes or knows that the high end homes are slowing down.  Starter homes on the hand other seem like another story...

It has slowed down and it hasn't dropped off a cliff.  I have a non-Asian client who is using financing who'll closing on home around $2.5m next week.  It's one thing to say that the luxury market has slowed down and another to say that prices are going down.

I dont believe I said its dropped off a cliff nor prices are going down.  My exact words were "high end homes are slowing down".
 
$2M+ buyers are usually not 1st time home buyers, so, they are looking for something to either upgrade or downgrade from where they currently live.

So, as long as the homesite has that "something", it is still very HOT.

All the Marbella homes went to "reserved" status within a day or 2 after the release, that's just amazing.  Proving HC's value and its attractiveness. 

Believe the view lots are cash purchases as well.... 
 
Strange. Could have been worth close to this price if the seller had an awesome yard and finished the home properly. In its current state, I don't think this house will move at any price given the other quick move in homes available from the builder.
 
Latest Capri price sheet.

The bigger lots that are backed against Lake Forest Drive are selling fairly well. The inner lots are still struggling with 5 quick delivery homes.
 

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RHOC said:
https://www.redfin.com/CA/Irvine/115-Misty-Sky-92618/home/108588415

I thought you had to wait for one year before you can resell your home here?! I think the view, yard is backed into neighbors right side. Stacked in some ways...Thoughts on this one guys?!🤔

Wow, $3.8m asking price and only 3 pictures of the home?  Is it me or does that driveway look really small too?  Yeah, this one isn't going to escrow anytime soon.
 
USCTrojanCPA said:
RHOC said:
https://www.redfin.com/CA/Irvine/115-Misty-Sky-92618/home/108588415

I thought you had to wait for one year before you can resell your home here?! I think the view, yard is backed into neighbors right side. Stacked in some ways...Thoughts on this one guys?!🤔

Wow, $3.8m asking price and only 3 pictures of the home?  Is it me or does that driveway look really small too?  Yeah, this one isn't going to escrow anytime soon.

Not just three pics but there are two different elevation photo's. Not the same home! Terrible stacked up yard.  ??? This needs to be added to the WTF asking price topic!! ;D
 
Visited today.

Homesite 200 and 179 cut 200k.

Demand for the premium view lots seems solid still.

I wish the trevi floor plans were located here. Something seems off about these homes. The toll brothers in Yorba Linda just seem nicer for some reason.
 
Rtlguru said:
Visited today.

Homesite 200 and 179 cut 200k.

Demand for the premium view lots seems solid still.

I wish the trevi floor plans were located here. Something seems off about these homes. The toll brothers in Yorba Linda just seem nicer for some reason.

Ive visited both and I thought the YL homes and these were basically the same.  Some of those YL homes will have awesome views though...
 
Rtlguru said:
Homesite 200 and 179 cut 200k.

Demand for the premium view lots seems solid still.

It's definitely a bifurcated market. Plenty of folks with money to burn who are willing to pay up for premium lots. But, those on the fringes of the price point are not stepping up to close the deal.

This reminds me of the trough period with Laguna Altura. It'd be interesting to see if those buyers will live to regret not pulling the trigger like many who held off on LA. Given that homes in LA on tiny lots are going for $610+/sqft. Non-premium HC homes seem like a no brainer deal, if you can afford it.
 
Latest Capri price sheet. All the homes except these QDH have been spoken for.

The funny thing is the sales lady told me that lot 13 is taking longer to sell because many folks refuse to consider it because of the number. I told her that's pretty ridiculous to me since nobody will even know the lot number after escrow closes. But, true to superstition, 3 buyers have already fallen out. They finally have a buyer that looks pretty solid. Maybe it's not superstition after all?
 

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Any idea what the homes are selling for on the street with the models?  I saw they just opened up a few of those homes for sale this weekend.
 
Price sheet from new release on Amber Sky this weekend.

Obviously, view lots have a price premium. But, many of the lots are on the smaller side, 6000 sqft or less. The upside compared to similar inside lots on Iron Gate is that the house behind them will be higher up and father back. But, unlike QDHs they don't have any incentives. Sales must have a lot of confidence in the buyer of lots 238 and 239 since both are reserved and they didn't even bother to list the price.

Finally, I'm surprised that lot 237 is priced so low. The lots is actually a bit bigger than others on that side of the street but has the lowest price. Plus, the way the house in the lot behind it is positioned is such that there will not be a house directly overlooking it, just the yard. Not bad.
 

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