Let's say Northpark or Northpark Square

NEW -> Contingent Buyer Assistance Program
[quote author="IACRenter" date=1249116099][quote author="Geotpf" date=1247805214][quote author="IACRenter" date=1247758373][quote author="Roo" date=1214538084]You have very god facts here. I can go on redfin right now and find many properties for less than 400 /sq ft.



It will be under 300 sq ft. in 1 year 100% certain.</blockquote>


Well a little over a year has passed and...



<a href="http://www.redfin.com/CA/Irvine/8-Poway-92602/home/5813326">8 Poway</a> 2800 sqft (REO) Asking $799K at $284/sqft in BACKUP



<a href="http://www.redfin.com/CA/Irvine/17-Villager-92602/unit-1/home/18243617">17 Villager</a> 3000 sqft (?Short Sale) Asking $880K at $291/sqft in BACKUP



<a href="http://www.redfin.com/CA/Irvine/9-Raines-92602/home/5857481">9 Raines</a> 3300 sqft (ShortSale) Asking $1.05 at $311/sqft ACTIVE



<a href="http://www.redfin.com/CA/Irvine/16-Sunnyvale-92602/home/5772329">16 Sunnyvale</a> 2800 sqft (REO) Asking $899K at $319/sqft ACTIVE



I am sure I missed some other sales in NP since I don't have MLS access and IPO's site has been downsized. But it looks like we are seeing some signs of edging to $300/sqft in NP. There are a lot of other WTF pricing going on but as more REO and future REO (i.e. Short Sales) inventory come online, I can't help but think this is inevitable.</blockquote>


What about sold comps in the last 3-6 months? List prices, no matter if the status is backup or active, mean only so much.</blockquote>


More updates on NP prices:



<a href="http://cc.bingj.com/cache.aspx?q=8+poway+irvine&d=76385676123042&mkt=en-US&setlang=en-US&w=55cd7f94,813b05cb">8 Poway</a> CLOSED 7/24/09 $818K, (2800 sqft) ---- $292/sqft



<a href="http://www.octours.com/vt/914/44-Solstice-Irvine-CA">44 Solstice</a> CLOSED 7/1/09 $1.015M, (3250 sqft) ---- $312/sqft

(I am surprised it didn't close lower with such a bad feng shui address)



<a href="http://www.bruceclarkhomes.com/Real_Estate_For_Sale/35_Malibu_Northpark.asp">35 Malibu</a> CLOSED 6/15/09 $1.3M, (4137sqft) ---- $314/sqft



<a href="http://cc.bingj.com/cache.aspx?q=10+poway+irvine&d=76403440494487&mkt=en-US&setlang=en-US&w=31812898,c2629114">10 Poway</a> CLOSED 6/14/09 $913K, (2900sqft) ---- $314/sqft</blockquote>


One more update for August:



<a href="http://74.125.47.132/search?q=cache:7SEeZPWmmXkJ:www.redfin.com/CA/Irvine/17-Villager-92602/unit-1/home/18243617+17+Villager+Irvine&cd=2&hl=en&ct=clnk&gl=us">17 Villager</a> CLOSED 8/7/09 $875K, (3000sqft) -- $291/sqft
 
[quote author="IACRenter" date=1251035551][quote author="IACRenter" date=1249116099][quote author="Geotpf" date=1247805214][quote author="IACRenter" date=1247758373][quote author="Roo" date=1214538084]You have very god facts here. I can go on redfin right now and find many properties for less than 400 /sq ft.



It will be under 300 sq ft. in 1 year 100% certain.</blockquote>


Well a little over a year has passed and...



<a href="http://www.redfin.com/CA/Irvine/8-Poway-92602/home/5813326">8 Poway</a> 2800 sqft (REO) Asking $799K at $284/sqft in BACKUP



<a href="http://www.redfin.com/CA/Irvine/17-Villager-92602/unit-1/home/18243617">17 Villager</a> 3000 sqft (?Short Sale) Asking $880K at $291/sqft in BACKUP



<a href="http://www.redfin.com/CA/Irvine/9-Raines-92602/home/5857481">9 Raines</a> 3300 sqft (ShortSale) Asking $1.05 at $311/sqft ACTIVE



<a href="http://www.redfin.com/CA/Irvine/16-Sunnyvale-92602/home/5772329">16 Sunnyvale</a> 2800 sqft (REO) Asking $899K at $319/sqft ACTIVE



I am sure I missed some other sales in NP since I don't have MLS access and IPO's site has been downsized. But it looks like we are seeing some signs of edging to $300/sqft in NP. There are a lot of other WTF pricing going on but as more REO and future REO (i.e. Short Sales) inventory come online, I can't help but think this is inevitable.</blockquote>


What about sold comps in the last 3-6 months? List prices, no matter if the status is backup or active, mean only so much.</blockquote>


More updates on NP prices:



<a href="http://cc.bingj.com/cache.aspx?q=8+poway+irvine&d=76385676123042&mkt=en-US&setlang=en-US&w=55cd7f94,813b05cb">8 Poway</a> CLOSED 7/24/09 $818K, (2800 sqft) ---- $292/sqft



<a href="http://www.octours.com/vt/914/44-Solstice-Irvine-CA">44 Solstice</a> CLOSED 7/1/09 $1.015M, (3250 sqft) ---- $312/sqft

(I am surprised it didn't close lower with such a bad feng shui address)



<a href="http://www.bruceclarkhomes.com/Real_Estate_For_Sale/35_Malibu_Northpark.asp">35 Malibu</a> CLOSED 6/15/09 $1.3M, (4137sqft) ---- $314/sqft



<a href="http://cc.bingj.com/cache.aspx?q=10+poway+irvine&d=76403440494487&mkt=en-US&setlang=en-US&w=31812898,c2629114">10 Poway</a> CLOSED 6/14/09 $913K, (2900sqft) ---- $314/sqft</blockquote>


One more update for August:



<a href="http://74.125.47.132/search?q=cache:7SEeZPWmmXkJ:www.redfin.com/CA/Irvine/17-Villager-92602/unit-1/home/18243617+17+Villager+Irvine&cd=2&hl=en&ct=clnk&gl=us">17 Villager</a> CLOSED 8/7/09 $875K, (3000sqft) -- $291/sqft</blockquote>
Redfin really needs to stop lacking and update their system. Nice purchase by the buyer.
 
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