Hidden Canyon in Irvine
- Thread starter lcms2002
- Start date
NEW -> Contingent Buyer Assistance Program
I wouldn't call CDM high subpar - it's pretty competitive with Uni. Sure the home may need some remodeling but you can't beat an ocean view and that proximity to the ocean. The lot sizes are also very decent in the $4-5 million range homes. And there is something to say for the character of a home. I guess it's my preference but the area around NC also presents itself as very lush, high class. The area around hidden canyon is so barron and right off the 133. not as exclusive of a feel.
check out the character on this 1/3 of an acre lot with some beautiful viewshttps://www.redfin.com/CA/Newport-Beach/37-Ocean-Heights-Dr-92657/home/5811762
unobstructed ocean and city views and again on a 1/3 acre lothttps://www.redfin.com/CA/Newport-Beach/7-Telescope-92657/home/4749096
Once my kids are in high school we'll likely be heading to NC so guess I'm biased
Realistically, people also spend $$ renovating an existing home, least being the new paint, some landscaping, etc . The adjusted price for these view homes in HC compared to buying existing and partially renovating is more like 3.75 - 4mm all in.
At that price , not much is selling in Newport area - i count a total of 5 sales on redfin in last 3 mos in the 3.75 - 4.25m range and some of those homes actually need some renovation. Someone better at data than me please correct me if I am wrong.
What is keeping the HC buyers from lapping up the value in Newport Coast ?
Is it that they dont really care about a thin blue sliver of an ocean view (as opposed to real ocean access which is not really there in Newport Coast) over saving private school $$ by availing of good irvine public schools ?
Is is that they value the modern floor plans that allow for multi-generational living as many families in Irvine do ?
Is is that they feel more comfortable in Irvine politically ? (Newport is the only " red " voting zipcode this election cycle among all the elite coastal communities up and down the west coast , and this includes coastal San Diego)
I am not necessarily taking one side or the other, just trying to provoke discussion . After all this is the right forum for that.
#redhanded
You guys make me laugh. I said "MORE" attention. HC was still all dirt in 2013. I think the model homes were ready in 2015.
I was more into LA when I joined TI in 2013. But of course, you are not interested in that. You are only interested in proving someone else is wrong. Maybe you would label me as a realtor or HC Sales soon.
I understand the concept of supply and demand, however, when the price tag is over $3M, HC caters to the top buyers only. So, the question becomes, are there so many top buyers that are interested in Irvine or HC in particular? Especially a few years down the line....
HC is a huge success for TB. Capri is almost sold out in under 2 years. That's a pretty amazing feat given the price range and the fact that some homes have very modest lot sizes.
Marbella will probably take another year to sell out but still impressive at its price range with the most expensive so far over $4.4M without upgrades.
Frankly, I didn't expect that many buyers willing to pay up for Irvine outside of Shady Canyon, especially when Newport is right next door. But, I think this bodes well for all home owners in Irvine. It puts Irvine in the upper echelon of desirable cities to live.
Irvine has been there for quite a while.
Most likely the sales pace at Alta and Bella Vista will be alot slower then HC. HC had a perfect timing in regards to market/interest cycle and you have locals from the Beach Cities that are trading for new with higher buying power. HC had grand opening at the peak of FCB wave which is slowing as well.
I say the sales pace at Alta/Bella will be about 50% rate of HC. But, who knows. Those Alta Vista looks really nice with big lot sizes though.
You got a good point about buyers from the beach cities, I wonder how many HC buyers fall into that group.
Another pro for HC is how convenient its close to the I-5 and 405. For those need to get on these freeway on the daily basis, you will find Alta Vista and Bella Vista a little PITA. It will take like 5 -10 minutes just to drive down to the gate from these Vistas and probable another 15 minutes just get to the I-5.
Paris167
New member
eatthis said:
I wouldn't call CDM high subpar - it's pretty competitive with Uni. Sure the home may need some remodeling but you can't beat an ocean view and that proximity to the ocean. The lot sizes are also very decent in the $4-5 million range homes. And there is something to say for the character of a home. I guess it's my preference but the area around NC also presents itself as very lush, high class. The area around hidden canyon is so barron and right off the 133. not as exclusive of a feel.
check out the character on this 1/3 of an acre lot with some beautiful viewshttps://www.redfin.com/CA/Newport-Beach/37-Ocean-Heights-Dr-92657/home/5811762
unobstructed ocean and city views and again on a 1/3 acre lothttps://www.redfin.com/CA/Newport-Beach/7-Telescope-92657/home/4749096
Once my kids are in high school we'll likely be heading to NC so guess I'm biased
CDM, NB, and NC are very mature cities.
Irvine is still a growing city, especially in terms of new offices and new home constructions.
I thought abt moving to NB several times, but ended up staying in Irvine.
We shall see how HC turns out in less than a year.
20-30% lots left, after that, supply and demand decides....
Irvine is still a growing city, especially in terms of new offices and new home constructions.
I thought abt moving to NB several times, but ended up staying in Irvine.
We shall see how HC turns out in less than a year.
20-30% lots left, after that, supply and demand decides....
Paris said:BruinDoc said:Wow, that's a nice chunk of change considering it's only base pricing. Easily add $1M for options/upgrades/landscaping, maybe more like $1.5M. At that point you're pushing $5M total outlay and you are in some pretty rarefied air (Shady Canyon, Newport Coast, etc.). Nice problem if you have the means!!!
For those prices I'd take Newport Coast over HC anyday all day. I would even be able to get ocean views
Realistically, people also spend $$ renovating an existing home, least being the new paint, some landscaping, etc . The adjusted price for these view homes in HC compared to buying existing and partially renovating is more like 3.75 - 4mm all in.
At that price , not much is selling in Newport area - i count a total of 5 sales on redfin in last 3 mos in the 3.75 - 4.25m range and some of those homes actually need some renovation. Someone better at data than me please correct me if I am wrong.
What is keeping the HC buyers from lapping up the value in Newport Coast ?
Is it that they dont really care about a thin blue sliver of an ocean view (as opposed to real ocean access which is not really there in Newport Coast) over saving private school $$ by availing of good irvine public schools ?
Is is that they value the modern floor plans that allow for multi-generational living as many families in Irvine do ?
Is is that they feel more comfortable in Irvine politically ? (Newport is the only " red " voting zipcode this election cycle among all the elite coastal communities up and down the west coast , and this includes coastal San Diego)
I am not necessarily taking one side or the other, just trying to provoke discussion . After all this is the right forum for that.
Just checked TB's website, to my surprise, both Capri and Marbella tracts are selling extremely well. All Capris w/o a back neighbor are taken, the same thing for Marbella w/ the exception of T-intersection homes.
I also checked a few other developments in Irvine, none of them is doing as well as HC....
In the closest size and price range: Trevi
In the closest size, but much lower price: Auburn
Is there room for HC to grow? What do you think the forecast is like for HC?
I also checked a few other developments in Irvine, none of them is doing as well as HC....
In the closest size and price range: Trevi
In the closest size, but much lower price: Auburn
Is there room for HC to grow? What do you think the forecast is like for HC?
irvinehomeowner
Well-known member
WTTCHMN said:
#redhanded
Funkie said:
You guys make me laugh. I said "MORE" attention. HC was still all dirt in 2013. I think the model homes were ready in 2015.
I was more into LA when I joined TI in 2013. But of course, you are not interested in that. You are only interested in proving someone else is wrong. Maybe you would label me as a realtor or HC Sales soon.
I understand the concept of supply and demand, however, when the price tag is over $3M, HC caters to the top buyers only. So, the question becomes, are there so many top buyers that are interested in Irvine or HC in particular? Especially a few years down the line....
Funkie said:
HC is a huge success for TB. Capri is almost sold out in under 2 years. That's a pretty amazing feat given the price range and the fact that some homes have very modest lot sizes.
Marbella will probably take another year to sell out but still impressive at its price range with the most expensive so far over $4.4M without upgrades.
Frankly, I didn't expect that many buyers willing to pay up for Irvine outside of Shady Canyon, especially when Newport is right next door. But, I think this bodes well for all home owners in Irvine. It puts Irvine in the upper echelon of desirable cities to live.
irvinehomeowner
Well-known member
eatthis said:
Irvine has been there for quite a while.
eatthis said:
Most likely the sales pace at Alta and Bella Vista will be alot slower then HC. HC had a perfect timing in regards to market/interest cycle and you have locals from the Beach Cities that are trading for new with higher buying power. HC had grand opening at the peak of FCB wave which is slowing as well.
I say the sales pace at Alta/Bella will be about 50% rate of HC. But, who knows. Those Alta Vista looks really nice with big lot sizes though.
Goriot said:
You got a good point about buyers from the beach cities, I wonder how many HC buyers fall into that group.
Another pro for HC is how convenient its close to the I-5 and 405. For those need to get on these freeway on the daily basis, you will find Alta Vista and Bella Vista a little PITA. It will take like 5 -10 minutes just to drive down to the gate from these Vistas and probable another 15 minutes just get to the I-5.