Magnolia at Cypress Village
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Inventory is creeping up in Irvine. 580 active listings and 214 sold in last 30 days. Inventory is now up to 2.7 months (from ~2.1 months earlier in the month) largely due to slower sales. (data from MLS)
Another one priced $100k above new home. No wonder these are selling.
This Montecito Plan 2 resale in Woodbury is comparable to Magnolia Plan 2.
http://www.redfin.com/CA/Irvine/32-Marblehead-92620/home/28931918
Montecito Plan 2: 4 Bed, 3 Bath, 2,308 sqft, $1,026,888
Magnolia Plan 2: 4 Bed, 3 Bath, 2,290 sqft, $914,000
$35K is nothing dude! Just finance it at still low rates for 30 years!
I recently visited Great Park and don't really like the layout of the community and it's far from access to 5 and 405. It only has one descent park. I prefer Irvine Pacific community with more common grounds, amenities, and better community layout.
Also, Cypress Village has Jeffrey Trail middle school, New Elementary School in '14, and Possibly New High School in '16 - ALL within a walking distance. If I was a parent, I will pay high premium to walk my kids to all these schools. Also, easy access to amenities and freeways. Magnolia is far away enough from freeway.
Another Montecito Plan 1 sold for $100k higher than Magnolia Plan 1. I predict TIC will continue to raise prices into the Magnolia extension lots.
Montecito Plan 1: 3 Bed, 2.5 Bath, 2,156 sqft, $962,249
Magnolia Plan 1: 3 Bed, 2.5 Bath, 2,196 sqft, $872,400 (phase 9 had higher pricing due to only 2 homes per california court)
http://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308
Irvineshopper
New member
eyephone said:
Inventory is creeping up in Irvine. 580 active listings and 214 sold in last 30 days. Inventory is now up to 2.7 months (from ~2.1 months earlier in the month) largely due to slower sales. (data from MLS)
test said:
Another one priced $100k above new home. No wonder these are selling.
This Montecito Plan 2 resale in Woodbury is comparable to Magnolia Plan 2.
http://www.redfin.com/CA/Irvine/32-Marblehead-92620/home/28931918
Montecito Plan 2: 4 Bed, 3 Bath, 2,308 sqft, $1,026,888
Magnolia Plan 2: 4 Bed, 3 Bath, 2,290 sqft, $914,000
I loved Magnolia Plan 2. I think it was 2200 sqrt feet.
At phase 1, it was 875K and is around $398 per sqrt feet. This sounds reasonable.
But now at phase 9, it is 950K and is around $431 per sqrt feet. This sounds ridiculous.
There are bunch of new house open at great park which offer lower price. In this cases, why should I still look at magnolia??
At phase 1, it was 875K and is around $398 per sqrt feet. This sounds reasonable.
But now at phase 9, it is 950K and is around $431 per sqrt feet. This sounds ridiculous.
There are bunch of new house open at great park which offer lower price. In this cases, why should I still look at magnolia??
jamboreedude
New member
Chairman said:
$35K is nothing dude! Just finance it at still low rates for 30 years!
yaliu07 said:
I recently visited Great Park and don't really like the layout of the community and it's far from access to 5 and 405. It only has one descent park. I prefer Irvine Pacific community with more common grounds, amenities, and better community layout.
Also, Cypress Village has Jeffrey Trail middle school, New Elementary School in '14, and Possibly New High School in '16 - ALL within a walking distance. If I was a parent, I will pay high premium to walk my kids to all these schools. Also, easy access to amenities and freeways. Magnolia is far away enough from freeway.
test said:
Another Montecito Plan 1 sold for $100k higher than Magnolia Plan 1. I predict TIC will continue to raise prices into the Magnolia extension lots.
Montecito Plan 1: 3 Bed, 2.5 Bath, 2,156 sqft, $962,249
Magnolia Plan 1: 3 Bed, 2.5 Bath, 2,196 sqft, $872,400 (phase 9 had higher pricing due to only 2 homes per california court)
http://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308