Newer Irvine listings with crazy WTF asking prices from equity sellers

NEW -> Contingent Buyer Assistance Program
Kings said:
Cares said:
Burn_That_Belly said:
Boy, what a rip-off!  130 days on the market!
https://www.redfin.com/CA/Irvine/100-Omar-92620/unit-42/home/144771918
Click to expand...

I like how the builder keeps increasing the price too without a justification to do so.

Listed at 1.431 in January. Increased to 1.439 later in January. Now it raised to 1.469.
Click to expand...

is this particular unit actually for sale right now or is this just a model?  i can understand if this address is just on the MLS to generate interest and the increasing price is really just to keep in line with new phases as they come out.
Click to expand...

You're right. Looks like this is to just draw interest on the MLS.
 
Burn That Belly said:
someguy said:
Here we go people: https://www.redfin.com/CA/Irvine/106-Working-Rnch-92602/unit-80/home/113864221

Highlights include:

$1,149,000 asking price for an attached condo ($664 /sqft)
$  964,531 closed sale on 11/21/17
$385 HOA / month
3 bedrooms, 2.5 baths, loft
Furniture included, even those beds that aren't real sizes
Click to expand...

Bought last year 7 months ago at $964K. Redfin Estimate: $1.197M. Asking $1.149M.  That's 19.1% appreciation.  ROI! ROI! ROI!  Chant it with me baby.
Click to expand...

looking for the next greater fool to unload it on. The music keeps going until one day it finally stops, and there are no more greater fools.
 
Irvine Dream said:
Both Orchard Hills and Great Park Houses are tanking?  $100K to $300K price reduction?
https://www.redfin.com/CA/Irvine/8-Spanish-Moss-92602/home/58553591https://www.redfin.com/CA/Irvine/32-Shadybend-92602/home/58553617
https://www.redfin.com/CA/Irvine/210-Radial-92618/home/112721115https://www.redfin.com/CA/Irvine/102-Cruiser-92618/home/144483941
Click to expand...

I guess people are reading my posts. They are going to their tax accountant. Which they will confirm and agree to my previous posts.
 
eyephone said:
Irvine Dream said:
Both Orchard Hills and Great Park Houses are tanking?  $100K to $300K price reduction?
https://www.redfin.com/CA/Irvine/8-Spanish-Moss-92602/home/58553591https://www.redfin.com/CA/Irvine/32-Shadybend-92602/home/58553617
https://www.redfin.com/CA/Irvine/210-Radial-92618/home/112721115https://www.redfin.com/CA/Irvine/102-Cruiser-92618/home/144483941
Click to expand...

I guess people are reading my posts. They are going to their tax accountant. Which they will confirm and agree to my previous posts.
Click to expand...

Spanish and Shadybend are our favorite and high quality KB Vicenza homes next to the Toll Road.  Only Vicenza and Amelia are not selling well.  Most of the listed homes at Grove are all Vicenza homes.  La Vita, Messina, and Saviero sells like hot cakes.  Also, Non gated Orchard Hills are selling like Hot cakes too.  No inventory with just one on listing at WTF price (Attached condo for $1.15 million).

Below are couple that sold recently at La Vita and Messina at close to $600/sqft.  Btw, there is a Plan 4 former La Vita model home listed at $4.35 million.  Kind of Ridiculous at $1,000+/sqft.
https://www.redfin.com/CA/Irvine/109-Sunset-Cv-92602/home/58551730https://www.redfin.com/CA/Irvine/19-Rawhide-92602/home/58553901https://www.redfin.com/CA/Irvine/5-Sunset-Cv-92602/home/58551701

 
Goriot said:
Spanish and Shadybend are our favorite and high quality KB Vicenza homes next to the Toll Road.  Only Vicenza and Amelia are not selling well.  Most of the listed homes at Grove are all Vicenza homes.  La Vita, Messina, and Saviero sells like hot cakes. 

Btw, there is a Plan 4 former La Vita model home listed at $4.35 million.  Kind of Ridiculous at $1,000+/sqft.
Click to expand...
Really?  La Vita home is more than Trevi with the view?
https://www.redfin.com/CA/Irvine/117-Crosswinds-92602/home/103690984

Also the rumor from Nextdoor is Messina was of lower quality (cabinet problems?) than Vicenza  (no complaints?).  And didn't Saviero sell very slowly?  The word is other than Lavita and the Vistas everything else in the Grove was a bust.
 
Irvine Dream said:
Goriot said:
Spanish and Shadybend are our favorite and high quality KB Vicenza homes next to the Toll Road.  Only Vicenza and Amelia are not selling well.  Most of the listed homes at Grove are all Vicenza homes.  La Vita, Messina, and Saviero sells like hot cakes. 

Btw, there is a Plan 4 former La Vita model home listed at $4.35 million.  Kind of Ridiculous at $1,000+/sqft.
Click to expand...
Really?  La Vita home is more than Trevi with the view?
https://www.redfin.com/CA/Irvine/117-Crosswinds-92602/home/103690984

Also the rumor from Nextdoor is Messina was of lower quality (cabinet problems?) than Vicenza  (no complaints?).  And didn't Saviero sell very slowly?  The word is other than Lavita and the Vistas everything else in the Grove was a bust.
Click to expand...

I can't speak for quality of Messina, but they tend to be pretty popular and sell well due to the location near the park, Retail and OH School.  Currently, there is only one listing that just listed this week for $2.33 million for a Plan 3 with ugly carpets everywhere and no upgrades.  We'll see how long it seats due to ugliness of the interior.

As for Saviero, they picked up steam at the end of Phase 2 release.  Sold out pretty fast at the end.  Other developments = Pavoda is pretty hot and selling fast; Varenna is luke warm because of its proximity to 261; Alta Vista is pretty much sold out in a year including the models (just one phase left).  Bella Vista is selling pretty good for the price range.  Amelia Clone Lucca is selling well.  Trevi and Capella resales kinda suck.  Overall, not bad.

Non Gated OH (excl. Reserve) = No inventory.  Where are the inventories?
 
You must log in or register to reply here.
Back
Top