La Vita at Orchard Hills

NEW -> Contingent Buyer Assistance Program
What is going on in orchard hills ?  No sales .  Same listings ?
If we had a guard gated would that help?  Then I look at hidden canyon, same problem .
 
Sevive said:
Villager said:
Irvine or Bust said:
Irvine or Bust said:
irviniteeee said:
There's one on the MLS. Price is ridiculous for the "upgrades" it has.
[url]https://www.redfin.com/CA/Irvine/27-Sunset-Cv-92602/home/88309477[/url]
Click to expand...

~$100k price reduction
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Another reduction, $240k. How low can they go...
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The price is pretty reasonable now, no? This is how they should have priced the house from the beginning. Now it's just a stale listing.
Click to expand...
Click to expand...

Looks like this one is back on the market. Starting out at $2.1M...wonder what will be the final sales price?

https://www.redfin.com/CA/Irvine/27-Sunset-Cv-92602/home/58551685
 
happios said:
PHASE SEVEN


RESIDENCE 2A            HOMESITE 1 147 SUNSET COVE             PRICE $1,690,000
RESIDENCE 2B      HOMESITE 3 143 SUNSET COVE             PRICE $1,740,000
RESIDENCE 2AR           HOMESITE 5    139 SUNSET COVE             PRICE $1,930,000

RESIDENCE 3C**   HOMESITE 4    141 SUNSET COVE             PRICE $1,650,000
RESIDENCE 3AR          HOMESITE 7 135 SUNSET COVE             PRICE $1,600,000

RESIDENCE 4AR    HOMESITE 2  145 SUNSET COVE             PRICE $2,175,000
RESIDENCE 4B           HOMESITE 6 137 SUNSET COVE             PRICE $2,300,000
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Quoting this post from April 2015. 

139 Sunset from Phase 7 release re-selling for $2.688Mhttps://www.redfin.com/CA/Irvine/139-Sunset-Cv-92602/home/58551744
 
Irvine Fanatic said:
Sevive said:
Villager said:
Irvine or Bust said:
Irvine or Bust said:
irviniteeee said:
There's one on the MLS. Price is ridiculous for the "upgrades" it has.
[url]https://www.redfin.com/CA/Irvine/27-Sunset-Cv-92602/home/88309477[/url]
Click to expand...

~$100k price reduction
Click to expand...

Another reduction, $240k. How low can they go...
Click to expand...
The price is pretty reasonable now, no? This is how they should have priced the house from the beginning. Now it's just a stale listing.
Click to expand...
Click to expand...

Looks like this one is back on the market. Starting out at $2.1M...wonder what will be the final sales price?

https://www.redfin.com/CA/Irvine/27-Sunset-Cv-92602/home/58551685
Click to expand...

Sold! for 1.9MM. Looks like breakeven at best.
 
Probably broke even or lost little $ after costs.  The buyer probably needs to dump another $350k to $500k to make it look descent inside/out.
 
Rtlguru said:
Irvine Fanatic said:
Sevive said:
Villager said:
Irvine or Bust said:
Irvine or Bust said:
irviniteeee said:
There's one on the MLS. Price is ridiculous for the "upgrades" it has.
[url]https://www.redfin.com/CA/Irvine/27-Sunset-Cv-92602/home/88309477[/url]
Click to expand...

~$100k price reduction
Click to expand...

Another reduction, $240k. How low can they go...
Click to expand...
The price is pretty reasonable now, no? This is how they should have priced the house from the beginning. Now it's just a stale listing.
Click to expand...
Click to expand...

Looks like this one is back on the market. Starting out at $2.1M...wonder what will be the final sales price?

https://www.redfin.com/CA/Irvine/27-Sunset-Cv-92602/home/58551685
Click to expand...

Sold! for 1.9MM. Looks like breakeven at best.
Click to expand...
The staging company replaced the cinderblock diy patio furniture with real patio furniture.
 
Another plan 4 popping on the market for $3.9m
Ambitious if you ask me.  But a lot of La Vita resales have done surprisingly well.  I remember when these first came out, people complained about the piazza and the townhome feel.  People thought these wouldn?t sell well.  But these have been the hottest resales in the Groves. 
 
No denying they?ve done well but I still don?t like the piazza.  When I drive through this part of OH I always think I?d much rather take my $2-$3M to Lambert Ranch or Laguna Altura.
 
So what is causing people to buy these resales?  Smaller than some of the bigger homes, yet higher price per sq ft

https://www.redfin.com/CA/Irvine/77-Sunset-Cv-92602/home/58551711?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Nice resale in 3 years.
 
Plan 4s Flooding the Market.  Exodus.  I say too ambitious.  Wealthy are not buying $3.5+ million homes now.  <5 pending entire Irvine that's $3.5+ million.  Needs to be low to mid $3 million for 119, 111, and 97.  and high $2 milion for 79
https://www.redfin.com/CA/Irvine/119-Sunset-Cv-92602/home/58551725
https://www.redfin.com/CA/Irvine/79-Sunset-Cv-92602/home/58551712
https://www.redfin.com/CA/Irvine/111-Sunset-Cv-92602/home/58551729
https://www.theranchrealty.com/property/OC18079572/

 
I love the plan 4 but pricing is getting ridiculous. But the market wants what the market wants.

shadyoc said:
aquabliss said:
$3.8M for La Vita?  I?ll take this any day of the week.  Privacy and serenity is 10x more than La Vita.https://www.redfin.com/CA/Irvine/20-Praire-Grass-92603/home/5899769
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Seriously, but for some reason, these La Vita resales are selling well.  Selling better than any other resales at the Groves.  Maybe once the Groves sell out, La Vita and the Vistas will help bring up the prices of the area. 
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