Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
Still not sure "kind of thing" means. List high? Not show pictures?
With how fast the home went from listing to pending my guess is that this was a pocket listing where the agent is double siding. Homes at this price range and especially overpriced do not move this fast.
Maybe it'll be just big enough to be a giant foot soak!
Surely that has to be an incorrect listing right? I searched the last 1000 days of all listings the there are only 4 listings over $15M.
11 Needle Grass (twice)
76 Golden Eagle (twice) - this property
This property has an active listing for $17.5M that has been on the market for over 2 years from Villa Real Estate.
Hi, first post here. This property was reduced recently and a relative is taking a close look at it just due to sheer lack of inventory in that neighborhood.
It's still almost $1.4m for 1 shared wall and no driveway. What would you guys think is a "fair" value for it? I suppose in this market, that doesn't really matter....but any predictions on what it'll end up going for or what you would offer?
Nothing shocks me anymore, but that closing price was very surprising given that it was an attached condo.
No way that home sells for anything close to $50m.
They're out of their mind. That area has always been the cheap part of Irvine and I don't see that changing anytime soon! This is coming from a lifelong Irvine resident.
sgip
Well-known member
My last run in with real estate fraud were some West African healthcare providers trying to buy using an occupancy fraud scheme.
The only color grift comes in is green
If all Realtors were required to file Star's (Suspicious Activity Reports) as Bankers do when encountering large cash down payments, most markets would collapse in a month. The Canadian Government tried this practice a few years back (an interesting read here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247127) and are considering additional methods to slow non-citizen speculation in real estate markets (https://globalnews.ca/news/7495490/canada-foreign-buyers-tax-affordable-housing/) Imagine this coming to the US as a way to create "affordable" housing...
My .02c
The only color grift comes in is green
If all Realtors were required to file Star's (Suspicious Activity Reports) as Bankers do when encountering large cash down payments, most markets would collapse in a month. The Canadian Government tried this practice a few years back (an interesting read here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247127) and are considering additional methods to slow non-citizen speculation in real estate markets (https://globalnews.ca/news/7495490/canada-foreign-buyers-tax-affordable-housing/) Imagine this coming to the US as a way to create "affordable" housing...
My .02c
akula1488 said:
Still not sure "kind of thing" means. List high? Not show pictures?
With how fast the home went from listing to pending my guess is that this was a pocket listing where the agent is double siding. Homes at this price range and especially overpriced do not move this fast.
irviniteeee
Active member
Goriot said:
Maybe it'll be just big enough to be a giant foot soak!
irviniteeee
Active member
irviniteeee said:
Has any home in Irvine listed for higher than 50m?https://www.redfin.com/CA/Irvine/76-Golden-Eagle-92603/home/5855880
zovall said:
Surely that has to be an incorrect listing right? I searched the last 1000 days of all listings the there are only 4 listings over $15M.
11 Needle Grass (twice)
76 Golden Eagle (twice) - this property
This property has an active listing for $17.5M that has been on the market for over 2 years from Villa Real Estate.
USCTrojanCPA said:
Hi, first post here. This property was reduced recently and a relative is taking a close look at it just due to sheer lack of inventory in that neighborhood.
It's still almost $1.4m for 1 shared wall and no driveway. What would you guys think is a "fair" value for it? I suppose in this market, that doesn't really matter....but any predictions on what it'll end up going for or what you would offer?
sleepy5136
Well-known member
My prediction is it will sit in the market for some time unless they lower the pricing as it is already there for 76 days and counting.rye said:
Looks likehttps://www.redfin.com/CA/Irvine/207-Tuberose-92603/home/5918084is the same floorplan and closed for $1.47m 2 weeks ago.rye said:
usctrojancpa
Well-known member
hurijo said:
Nothing shocks me anymore, but that closing price was very surprising given that it was an attached condo.
usctrojancpa
Well-known member
Maserson said:
No way that home sells for anything close to $50m.
usctrojancpa
Well-known member
Here's an example of a seller and agent who are not interested in selling their listing. haha
https://www.redfin.com/CA/Irvine/94-Elksford-Ave-92604/unit-3/home/5345052
https://www.redfin.com/CA/Irvine/94-Elksford-Ave-92604/unit-3/home/5345052
irviniteeee
Active member
USCTrojanCPA said:
They're out of their mind. That area has always been the cheap part of Irvine and I don't see that changing anytime soon! This is coming from a lifelong Irvine resident.
https://www.redfin.com/CA/Irvine/56-Steinway-92620/home/51682202
close to $670/ft in Stone gate?
the madness.
close to $670/ft in Stone gate?
the madness.