Montecito / Sonoma / Carmel Pricing
- Thread starter irvinehomeowner
- Start date
NEW -> Contingent Buyer Assistance Program
Holy crap. Thanks for sharing. This is such an interesting read. What's the name of the architech again? I want to see if I can send them feedback of how stupid their design is.
However, I do want to offer something that's a bit different than what people are saying. I have talked to a few neighbors around us, in later phases in Montecito. They are not FOBs (people leaving the mainland to buy here). They actually have been to the states for quite a while, started a family with young child(children), been here since college, now working, and been renting for the past few years and saved up to buy now. Whether if they bought the HK collection or in my previous neighborhood. I am not saying they don't exist, I just have not met them. Or I won't because they are not even here.
If you look at the pictures on the website as well as this picture, there's not much greenery. Maybe it was winter when they took the pictures. No green grass and no leaves on trees, just branches. Almost makes it look like deserted town. I guess they could copy the houses, but not the weather.
Lots 79, 80 and 81 ARE non-zero lot lines.
Irvine2Irvine
New member
Montecito Phase 9 pricing:
Plan 1 $753,000
Plan 2 $795,500
Plan 3 $814,500-$820,000
Sonoma's Phase 9 pricing is not out yet.
Plan 1 $753,000
Plan 2 $795,500
Plan 3 $814,500-$820,000
Sonoma's Phase 9 pricing is not out yet.
irvinehomeowner
Well-known member
$753k for a 3+den/2.5? Wow.
TIC just keeps pushing that benchmark... you would think the interest would slow down but I guess not.
TIC just keeps pushing that benchmark... you would think the interest would slow down but I guess not.
Irvine2Irvine
New member
I guess they are going deeper down the list at Montecito. I registered in the beginning of Feb and got a call and had a choice of 2 plan 2 homes. Not sure how many plan 3 since I was not interested due to the homes backing to Long Meadow which is a very busy main inlet/outlet to Woodbury.
But, TIC and Brookfield is feeling good enough about the demand to move on with Montecito II.
The way it's going, the Plan 1 may be near $800K by the time Montecito II is at the closeout.
As for Sonoma, I did not get a phone call for Plan 2 or Plan 3 of Phase 8. They are all sold out. They still have one plan 3 and two plan 1s from Phase 6 and Phase 7. These homes are very close to Sand Canyon & Trabuco intersection, but the price is not lower than Phase 8 homes which are a lot farther away from the noise.
With the inventory of resale homes in such a low number, the new home interest may actually go up.
I tried for 3 months and am about to give up on a resale home, especially when the resale home is actually more expensive than a new home.
But, TIC and Brookfield is feeling good enough about the demand to move on with Montecito II.
The way it's going, the Plan 1 may be near $800K by the time Montecito II is at the closeout.
As for Sonoma, I did not get a phone call for Plan 2 or Plan 3 of Phase 8. They are all sold out. They still have one plan 3 and two plan 1s from Phase 6 and Phase 7. These homes are very close to Sand Canyon & Trabuco intersection, but the price is not lower than Phase 8 homes which are a lot farther away from the noise.
With the inventory of resale homes in such a low number, the new home interest may actually go up.
I tried for 3 months and am about to give up on a resale home, especially when the resale home is actually more expensive than a new home.
irvinehomeowner
Well-known member
That's why that Chinese company was interested in taking over the Hummer brand. I guess it didn't work out but I bet we'll start seeing Hummer knock-offs once GM lets the brand die.PatStar said:
Patrick Star said:irvinehomeowner said:
Rest easy, IHO. As soon as the 2010 Collection buyers realize they can invest their cash in "Orange County" without needing to leave the mainland --- plus get a real driveway and sidewalk (and all from the same architect as the 2010 Collection), the demand in Irvine is sure to wane. Big, big hat tip to BK for finding this one.
Link to Orange County, China:
http://www.good.is/post/welcome-to-the-oc
Room for the Hummer in the driveway --- try that at Coronado!!:
Holy crap. Thanks for sharing. This is such an interesting read. What's the name of the architech again? I want to see if I can send them feedback of how stupid their design is.
However, I do want to offer something that's a bit different than what people are saying. I have talked to a few neighbors around us, in later phases in Montecito. They are not FOBs (people leaving the mainland to buy here). They actually have been to the states for quite a while, started a family with young child(children), been here since college, now working, and been renting for the past few years and saved up to buy now. Whether if they bought the HK collection or in my previous neighborhood. I am not saying they don't exist, I just have not met them. Or I won't because they are not even here.
Irvine2Irvine
New member
I may become one of those with the proceeds from a prior home that purchase at woodbury.
I do think there are many who are in my situation buying with "old money". Otherwise, it would be impossible for me.
I do think there are many who are in my situation buying with "old money". Otherwise, it would be impossible for me.
irvinehomeowner
Well-known member
Just remember the C in FCB stands for CASH!
That's actually the most important acronym in the term because that translates to value retention due to homes not being underwater. For every HELOC abuse IR profiles in Irvine... I'm sure there is some house with 40%+ down who is unaffected by the economy and doesn't mind the density or the stucco. They just tend to be of F decent also.
The bad part is it makes it harder for us regular joes who don't have access to old/equity/foreign CASH.
That's actually the most important acronym in the term because that translates to value retention due to homes not being underwater. For every HELOC abuse IR profiles in Irvine... I'm sure there is some house with 40%+ down who is unaffected by the economy and doesn't mind the density or the stucco. They just tend to be of F decent also.
The bad part is it makes it harder for us regular joes who don't have access to old/equity/foreign CASH.
irvinehomeowner
Well-known member
Yeah... but TIC won't let me use that for a down payment.fe9000 said:
Irvine2Irvine
New member
Patrick Star said:irvinehomeowner said:
Rest easy, IHO. As soon as the 2010 Collection buyers realize they can invest their cash in "Orange County" without needing to leave the mainland --- plus get a real driveway and sidewalk (and all from the same architect as the 2010 Collection), the demand in Irvine is sure to wane. Big, big hat tip to BK for finding this one.
Link to Orange County, China:
http://www.good.is/post/welcome-to-the-oc
Room for the Hummer in the driveway --- try that at Coronado!!:
If you look at the pictures on the website as well as this picture, there's not much greenery. Maybe it was winter when they took the pictures. No green grass and no leaves on trees, just branches. Almost makes it look like deserted town. I guess they could copy the houses, but not the weather.
irvinehomeowner
Well-known member
So I finally got around to reading that article. Although they may have a driveway, their lots are typically smaller than ours and the house only has a master bedroom, one kids room (due to China's one child policy) , an in-law room and a closet-sized maid's room.
And if you look at the pictures, it looks like there is only a 1-car garage... IHO NO LIKE!
So while you can bring OC/Irvine homes to China... you can't bring more than one car or have more than one kid... no wonder they all flock over here.
And if you look at the pictures, it looks like there is only a 1-car garage... IHO NO LIKE!
So while you can bring OC/Irvine homes to China... you can't bring more than one car or have more than one kid... no wonder they all flock over here.
ps99472
New member
Just got another email from Sonoma, seems like phase 8 sold out in 2 days, phase 9 will be released 5/22. Here's a list of prices. We're priced out of Sonoma now with these latest price increases. 4000-5000 sq ft. lots in Irvine command a lot of premium. There's no map included this time, but I'm guessing the two 5000 sq ft lots are right below the CalPac models while the remaining three are across. Good luck to whoever gets these.. approaching 1 million again.
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usctrojancpa
Well-known member
Wow, a $40k-$50k premium for an extra 1,000sf in lot size....amazing.ps99472 said:
Irvine2Irvine
New member
Actually, the lots 79, 80, and 81 are not too bad. It's about $10K premium for 500-700sf over last phase. It looks like these may not be zero lot lines.
However, lots 88 and 89 are just plain crazy. I don't think you can get the $50K premium back in resale market. But if that is worth the price for you now, I guess that's OK.
I do know that there are people who signed up on the first day back in December and have been passing on all the lots so far. They may be waiting for these.
However, lots 88 and 89 are just plain crazy. I don't think you can get the $50K premium back in resale market. But if that is worth the price for you now, I guess that's OK.
I do know that there are people who signed up on the first day back in December and have been passing on all the lots so far. They may be waiting for these.
nytransplant
New member
Irvine2Irvine said:
Lots 79, 80 and 81 ARE non-zero lot lines.
irvinehomeowner
Well-known member
All current phases on Sonoma are zero lot on one side (that's an important distinction for some).
I still believe Phase 1 (and maybe Phase 2) north of the old Calpac models were not zero lot line... if someone knows someone who moved into those... please let us know.
I still believe Phase 1 (and maybe Phase 2) north of the old Calpac models were not zero lot line... if someone knows someone who moved into those... please let us know.
nytransplant
New member
The homes that were perpendicular to sandcanyon in phase 1 and all the homes behind these (Phase 9 and 10) are not zero lot lines. Also the homes a the end of the streets are not zero-lot lines
