Mendocino and Saragota in Stonegate

[Goriot]

Just FYI - Final Mendocino Homes Released Including Model Homes.  Below are final starting Price Info.

1.  Model Plan 1 (2358 sqft w. Conserv Rm) - $1,128,229
2.  Model Plan 2 (2381 sqft) - $1,188,270 (SOLD)
3.  Model Plan 3 (2441 sqft) - $1,230,361

Other Final Phase Homes Next to the Model Homes

1.  Plan 1 (2221 sqft) - $936,900
2.  Plan 1 (2221 sqft) - $974,900
3.  Plan 1 (2221 sqft) - $972,400
4.  Plan 2 (2381 sqft) - $985,500
5.  Plan 2 (2381 sqft) - $1,015,500
6.  Plan 2 (2381 sqft) - $1,015,500
7.  Plan 2 (2381 sqft) - $1,018,000
8.  Plan 3 (2441 sqft) - $1,025,800
9.  Plan 3 (2441 sqft) - $1,025,800
10.  Plan 3 (2441 sqft) - $1,055,800

 

[irvinehomeowner]

These prices really astound me.

Just back in 2012, those Stonegate M-something homes were mid $700k.

 

[lnc]

These prices really astound me.

Just back in 2012, those Stonegate M-something homes were mid $700k.

Yes, and the entire Irvine's housing price appreciation lately also really amazed me.


Here's looking back at Mendocino's phase 1 prices.

Residence 1: $786k, $791k
Residence 2: $819k
Residence 2x: $839k
Residence 3: $838k, $856k

When Mendocino starts selling in September of 2012, homes are readily available and buyers can easily get a home.  Than the market got crazy at beginning of 2013 and that's when the legendary waiting list started.

Well, congrats to all those bought Mendocino and especially to those that bought in 2012.

 

[lnc]

Here's final score for Mendocino.

133 homes at the first site and 114 at the extension site.  That's total of 247 homes sold in a little over 24 month period.

Must be the elementary school.

 

[Irvine Dream]

Yup and poor us who waited on the sidelines.  It is incredibly amazing how much Laguna Altura shot up and How much Lennar's Rosemist in Pavillion Park went up from the first phase to the last phase within an year.  Unlike other developments where price increases in each phase was coupled with may be better lot location etc, Lennar's lots and house options were similar from phase to phase and their Plan 3 went upwards of $300K in price.  I think that puts the 2003-2005 bull market to shame