jamboreedude
New member
Only 6 home sites left in Capri @ Hidden Canyon.
Rtlguru said:I have a couple theories on why Toll has been so successful in Hidden Canyon and why buyers seem to be favoring it over the older premium neighborhoods like Shady, NC, NB, etc.
First, buyers in this price range are very picky. Much more so than the people buying starter homes in Irvine. They are older and have bought a few homes before. They know what they like design-wise and what they don't. They want to decorate and upgrade their home a certain way. This is a pain to do with older homes in similar price range. It's not surprising that many of these Toll buyers are actually people moving from these older premium neighborhoods.
Two, even if you want to buy in one of these nicer neighborhoods, sellers are often asking way too much for their homes. So add in unrealistic prices and finding that perfect home that has the design features you like and most buyers say screw it - I'll just go with a new build.
Another factor is the floor plans from 2000-2010 have really not aged well at all. Low 9 ft ceilings, chopped up rooms, arched entries and few vaulted ceilings. They just don't show well in person - listing pictures look much better than actually walking through these homes. Prime examples are Vicara in Quail hill and many of the homes in Turtle Ridge.
I remember touring them when they opened and thinking, wow, these are my dream homes. One day, I hope to buy one of these. Now, compared to the new builds, they just don't do it for me.
Compare the the 2000s floor plan to the homes in Turtle Rock Summit. Homes are bright and airy because of the two story vaulted ceilings and windows everywhere. These homes have aged much better. See this example.
https://www.redfin.com/CA/Irvine/10-Hexham-92603/home/4745688
Remember this murder house? I would've chosen this over anything in quail hill or turtle ridge and the shady 3MM homes with no view. Sold in a week(it did sell for nice discount to comps though).
I have no idea how Hidden canyon will do in the future, but I think the most important factor will be how these floor plans and design styles age.
Rtlguru said:Another factor is the floor plans from 2000-2010 have really not aged well at all. Low 9 ft ceilings, chopped up rooms, arched entries and few vaulted ceilings. They just don't show well in person - listing pictures look much better than actually walking through these homes. Prime examples are Vicara in Quail hill and many of the homes in Turtle Ridge.
I remember touring them when they opened and thinking, wow, these are my dream homes. One day, I hope to buy one of these. Now, compared to the new builds, they just don't do it for me.
Compare the the 2000s floor plan to the homes in Turtle Rock Summit. Homes are bright and airy because of the two story vaulted ceilings and windows everywhere. These homes have aged much better. See this example.
https://www.redfin.com/CA/Irvine/10-Hexham-92603/home/4745688
Remember this murder house? I would've chosen this over anything in quail hill or turtle ridge and the shady 3MM homes with no view. Sold in a week(it did sell for nice discount to comps though).
fortune11 said:As Funkie said , actions speak louder than words. People have voted with their feet / $$ . No one (builder) is forcing anyone to do anything at that price point . These buyers could have had their pick from many quail hill homes sitting on MLS for ages but the fact is they didn't. Many real estate agents also would rather have seen 250 homes in this price range in quail hill /turtle / shady move in secondary market rather than let Toll soak up all the high end Irvine demand in one swoop.
this debate is reminiscent to me of car guys bemoaning death of stick shifts giving way to automatics or of the move to SUVs and crossovers over the cars they prefer. Tastes change. Time will tell if we look back in 10 years and think that these new communities were able to keep pace with evolving fashion or not. No one knows right now.
irvinehomeowner said:And I think this was said before but most of HC looks like tract homes, too close together considering the price point. I don't know what the larger Marbella area looks like now that it's more built out but again, I prefer the single loaded streets of Vicarra with that "breath-taking" backyard view of Irvine. And to me, a Shady "custom" home or a TRock rebuild seems better (and has YellowFever bonus of being away from the 133/405).
fortune11 said:you really believe that these homes sales in QH and TR wouldn't have been significantly higher were it not for HC that poached away demand ? this is basic economics. Just as resales of existing homes in NW are getting hurt by new sales in OH. Just ask any agent who is in touch with reality. USCTrojan correctly points out (in a different thread) that once the new sales are all done and dusted., low inventory levels should lead to further appreciation.
And yes, I totally think HC could have been improved given the price point, Toll squeezed every single penny out of it but that has no bearing on how the floor plans are and what todays buyers prefer.
The fact of the matter is, gone are the days of large lots in desirable neighborhoods for new construction. Every time someone buys a home within a constrained budget they are optimizing the variables that matter most to them.
irvinehomeowner said:fortune11 said:you really believe that these homes sales in QH and TR wouldn't have been significantly higher were it not for HC that poached away demand ? this is basic economics. Just as resales of existing homes in NW are getting hurt by new sales in OH. Just ask any agent who is in touch with reality. USCTrojan correctly points out (in a different thread) that once the new sales are all done and dusted., low inventory levels should lead to further appreciation.
And yes, I totally think HC could have been improved given the price point, Toll squeezed every single penny out of it but that has no bearing on how the floor plans are and what todays buyers prefer.
The fact of the matter is, gone are the days of large lots in desirable neighborhoods for new construction. Every time someone buys a home within a constrained budget they are optimizing the variables that matter most to them.
You are backtracking a bit here. And I said nothing about "sales being higher".
Your previous post states that "buyers all voted with their feet" and put their money into HC while other homes were on MLS for "ages" trying to prove that HC had more desirable floorplans/designs.
The facts show that QH and the Turtles sold quite a few homes in the same time frame despite not having the advantage of being able to build as needed.
You are ignoring the fact that *new* is more the reason than any type of awesome design that HC has.
irvinehomeshopper said:I knew why I stayed away from all of the Toll brothers thread. Its more toxic than YF's chart.
The homes Toll Brothers puts out is disgusting. Terrible proportions of classical orders. Looking at the website I got dizzy. The freaking place looks like Toontown. The people who prefers it are like the Donalds opps I mean Donald Duck. Bad taste all the way around and its true that money can't buy good taste.
zubs said:irvinehomeshopper said:I knew why I stayed away from all of the Toll brothers thread. Its more toxic than YF's chart.
The homes Toll Brothers puts out is disgusting. Terrible proportions of classical orders. Looking at the website I got dizzy. The freaking place looks like Toontown. The people who prefers it are like the Donalds opps I mean Donald Duck. Bad taste all the way around and its true that money can't buy good taste.
I generally like TB designs and finishes. Their tract home designs still look better when compared to others. What's so ugly about them? For instance, my relative lives in a TB home in Yorba Linda from the 90s. The curbside appeal is still really nice. These are the homes in the hills off of gypsum canyon.