awgee_IHB
New member
Wow, $269 per square foot in the custom section of Covenant Hills.
http://www.redfin.com/CA/Ladera-Ranch/9-Padre-Pl-92694/home/5934454
http://www.redfin.com/CA/Ladera-Ranch/9-Padre-Pl-92694/home/5934454
Ladera Ranch Discussion Thread
- Thread starter vicstah_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
graphrix_IHB
New member
So... does everyone remember the article in the <a href="http://www.irvinehousingblog.com/forums/viewthread/346/P700/#57341">OCR about the foreclosure bus tour</a>? And Doug and Soosan bought a place in San Juan Capistrano because they were "investors"? Well... <a href="http://www.redfin.com/CA/Ladera-Ranch/3-Tuscany-92694/home/5978673">Soosan was the agent on 3 Tuscany</a>, and someone should tell her as of today the back bought this gem for $472k.
http://i-0.rfimg.us/photo/46/bigphoto/977/S540977_1.jpg
I wonder if Soosan will buy this from the bank for $599k as an "investment"?
<a href="http://www.irvinehousingblog.com/blog/comments/castellina-ladera-ranch-yes-i-know-its-not-irvine/">Be sure to check out zovall's blog post on this complex back in December of 2006</a>. Meh... back then the comments came from me, IR, ISM, and just a few other old school IHBers. My oh my, have we come a long way since those days.
http://i-0.rfimg.us/photo/46/bigphoto/977/S540977_1.jpg
I wonder if Soosan will buy this from the bank for $599k as an "investment"?
<a href="http://www.irvinehousingblog.com/blog/comments/castellina-ladera-ranch-yes-i-know-its-not-irvine/">Be sure to check out zovall's blog post on this complex back in December of 2006</a>. Meh... back then the comments came from me, IR, ISM, and just a few other old school IHBers. My oh my, have we come a long way since those days.
zovall_IHB
New member
And imagine back then that I said I'd consider it for $599k with 10 years prepaid HOAs.. bleh.. Catching that knife would have hurt. I've heard that the total HOA dues are now down to $650/month for some of these units. Better buy now before you get priced out!
vicstah_IHB
New member
http://www.socalmls.com/Listing/ListingDetail.aspx?Listing=28132630
This home was listed for $989k about 2-3 months ago. Now short sale for $920k. We'll see how long this one drops to in a year. Graph & IR predict $180/sq ft or less (IR's calculation was $164/sq ft).
This home was listed for $989k about 2-3 months ago. Now short sale for $920k. We'll see how long this one drops to in a year. Graph & IR predict $180/sq ft or less (IR's calculation was $164/sq ft).
awgee_IHB
New member
Looks like the kool aid is running lower in Covenant Hills:
<a href="http://www.redfin.com/CA/Ladera-Ranch/8-mission-Rdg-92694/home/18547476">8 Mission Ridge Road</a>
It is presently "value range" priced, but at the lower $1,800,000 it would be $300 per sq ft for a custom home.
And according to Redfin, it is a short sale even though it is just recently completed. Wow.
<a href="http://www.redfin.com/CA/Ladera-Ranch/8-mission-Rdg-92694/home/18547476">8 Mission Ridge Road</a>
It is presently "value range" priced, but at the lower $1,800,000 it would be $300 per sq ft for a custom home.
And according to Redfin, it is a short sale even though it is just recently completed. Wow.
ladera1_IHB
New member
Just curious,
Does anyone know how many houses have been lost to foreclosure or short sale in Ladera since this whole economic crisis began? How can I find that figure, or does anyone have an educated guess?
What do you think those people who lost their homes are doing now? renting? I heard that a lot of people went out and bought another home with their HELOC money as a down payment, then walked away from the original home. I find that hard to believe! Banks wont let you do that, right? Can that be true?
And to think that just a few years ago, people were camping out over night to throw their money at the builder to buy a home they have never seen, or even a home that may not have been their 1st choice! I feel so bad for those families.
Does anyone know how many houses have been lost to foreclosure or short sale in Ladera since this whole economic crisis began? How can I find that figure, or does anyone have an educated guess?
What do you think those people who lost their homes are doing now? renting? I heard that a lot of people went out and bought another home with their HELOC money as a down payment, then walked away from the original home. I find that hard to believe! Banks wont let you do that, right? Can that be true?
And to think that just a few years ago, people were camping out over night to throw their money at the builder to buy a home they have never seen, or even a home that may not have been their 1st choice! I feel so bad for those families.
freedomCM_IHB
New member
[quote author="ladera1" date=1233641372]Just curious,
Does anyone know how many houses have been lost to foreclosure or short sale in Ladera since this whole economic crisis began? How can I find that figure, or does anyone have an educated guess?</blockquote>
you can search the last year of sales on redfin, and look for unusual prices (e.g. $679, 543). <strong>easier is just to count all the sales in the past year and figure that 98% of them are FCs.</strong>
[quote author="ladera1" date=1233641372]
What do you think those people who lost their homes are doing now? renting? I heard that a lot of people went out and bought another home with their HELOC money as a down payment, then walked away from the original home. I find that hard to believe! Banks wont let you do that, right? Can that be true?</blockquote>
Not anymore, but it was popular last year.
Does anyone know how many houses have been lost to foreclosure or short sale in Ladera since this whole economic crisis began? How can I find that figure, or does anyone have an educated guess?</blockquote>
you can search the last year of sales on redfin, and look for unusual prices (e.g. $679, 543). <strong>easier is just to count all the sales in the past year and figure that 98% of them are FCs.</strong>
[quote author="ladera1" date=1233641372]
What do you think those people who lost their homes are doing now? renting? I heard that a lot of people went out and bought another home with their HELOC money as a down payment, then walked away from the original home. I find that hard to believe! Banks wont let you do that, right? Can that be true?</blockquote>
Not anymore, but it was popular last year.