Newer Irvine listings with crazy WTF asking prices from equity sellers

[The Motor Court Company]

dated floor plan..where is the Island???

https://www.redfin.com/CA/Irvine/51-Rising-Sun-92620/home/5958949

Wow this Woodbury home sold for $795/sq ft. The same floor plan on the same street sold for 250k less in July 2021.

?Half of the garage is converter into office?. Totally worth $795/sqft .

This is one of the ugliest SFR in my neighborhood.  Some of them actually have an option for 3rd floor.  FOMO is making buyers desperate.

 

[usctrojancpa]

https://www.redfin.com/CA/Irvine/51-Rising-Sun-92620/home/5958949

Wow this Woodbury home sold for $795/sq ft. The same floor plan on the same street sold for 250k less in July 2021.

?Half of the garage is converter into office?. Totally worth $795/sqft .

This is one of the ugliest SFR in my neighborhood.  Some of them actually have an option for 3rd floor.  FOMO is making buyers desperate.

250K in 6 months!! What is happening right now probably easily beats the insane price rise of 2005 I think. I doubt any RE professional could have predicted such demand and price rise in the middle of last year.

Yup, definitely surprising....prices have basically gone parabolic as inventory levels went below 100 homes for sale in Irvine.

 

[Yousr]

I think PS and EW have had the best ROI in the last one year

Even though EW has that horrid "trailer park" across the street. LOL!

Because they do a good job covering it up with the kind of wall Trump would love, in addition to the tall dense trees to make you hardly notice it. If it were an eye sore then I understand but if you didn?t know it exists, you wouldn?t notice it in passing.

 

[sleepy5136]

For PS, I think the pandemic really helps it out. The biggest knock against PS is its ?remoteness? as it is not as central as other new villages. But with the pandemic and remote work, the ?remoteness? is no longer an issue and its natural beauty now stands out (poor man?s OH).

I think PS and EW have had the best ROI in the last one year

Even though EW has that horrid "trailer park" across the street. LOL!

The pandemic + everywhere else in Irvine has gone up so greatly that it makes PS the only affordable option.

 

[aquabliss]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

 

[sleepy5136]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

 

[usctrojancpa]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

 

[sleepy5136]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

If I hear freeways idgaf if I?m south/north/east/west of the freeway. I still hear it clearly.

 

[CalBears96]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

If I hear freeways idgaf if I?m south/north/east/west of the freeway. I still hear it clearly.

Martin's point is south of 405 is considered far superior to north of 405.

 

[The Motor Court Company]

Correct. University high, proximity to Irvine Spectrum also add value to this area.

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

If I hear freeways idgaf if I?m south/north/east/west of the freeway. I still hear it clearly.

Martin's point is south of 405 is considered far superior to north of 405.

 

[CalBears96]

Correct. University high, proximity to Irvine Spectrum also add value to this area.

My brother-in-law almost bought at Barcelona late 2019. He was about to write a check for deposit, but my sister decided to low ball IP, but they didn't even counter offer, so my sister backed out. The thing is, the company that my BIL and I work at is at Five Point, so he would have been like 3 miles from work.

 

[paydawg]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because it's "Better than the moddle"

 

[sleepy5136]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

If I hear freeways idgaf if I?m south/north/east/west of the freeway. I still hear it clearly.

Martin's point is south of 405 is considered far superior to north of 405.

I understand what he is saying. What I?m saying is it?s far superior when you don?t hear the freeways loud and clear. That is not the case in Barcelona.

 

[usctrojancpa]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

If I hear freeways idgaf if I?m south/north/east/west of the freeway. I still hear it clearly.

Martin's point is south of 405 is considered far superior to north of 405.

I understand what he is saying. What I?m saying is it?s far superior when you don?t hear the freeways loud and clear. That is not the case in Barcelona.

Have you ever been in the community?  You can't hear the freeway in the community, all the apartment complexes block the freeway noise.  Like I said, property values south of the 405 are higher than ones north of the 405 and the 5 and will continue to be higher into the future. 

 

[sleepy5136]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

If I hear freeways idgaf if I?m south/north/east/west of the freeway. I still hear it clearly.

Martin's point is south of 405 is considered far superior to north of 405.

I understand what he is saying. What I?m saying is it?s far superior when you don?t hear the freeways loud and clear. That is not the case in Barcelona.

Have you ever been in the community?  You can't hear the freeway in the community, all the apartment complexes block the freeway noise.  Like I said, property values south of the 405 are higher than ones north of the 405 and the 5 and will continue to be higher into the future.

If I have not been to the community, I would not say that I can hear the freeway. If you're in the models, you can hear it even clearer. I went to this open house specifically:https://www.redfin.com/CA/Irvine/120-Montero-92603/home/169485632

The homes are literally 0.5miles or less to the freeway...

 

[usctrojancpa]

Per the description, it?s better than the moddle:https://www.redfin.com/CA/Irvine/149-Linda-Vis-92603/home/169485608

I remember when Barcelona first came out and was selling for $1.4M and everyone was like pshhhh ya no thanks.

I still don?t understand why anyone would buy here. Motor court homes and you can hear the freeways.

Because South of the 405.

If I hear freeways idgaf if I?m south/north/east/west of the freeway. I still hear it clearly.

Martin's point is south of 405 is considered far superior to north of 405.

I understand what he is saying. What I?m saying is it?s far superior when you don?t hear the freeways loud and clear. That is not the case in Barcelona.

Have you ever been in the community?  You can't hear the freeway in the community, all the apartment complexes block the freeway noise.  Like I said, property values south of the 405 are higher than ones north of the 405 and the 5 and will continue to be higher into the future.

If I have not been to the community, I would not say that I can hear the freeway. If you're in the models, you can hear it even clearer. I went to this open house specifically:https://www.redfin.com/CA/Irvine/120-Montero-92603/home/169485632

The homes are literally 0.5miles or less to the freeway...

You can't hear the freeway when you are standing outside in the community, I speak from personal experience as I've been there about a dozen times.

 

[cgs37]

https://www.redfin.com/CA/Irvine/19-Ashford-92618/home/4746413

heard that this home went for 400k above asking. not surprised, thought it was way underlisted.

 

[ti2021]

It's already in escrow

And sold now in less than 10 days at just a little above list price. Congrats to the seller. Must have been an all-cash offer! Now this will encourage the next Helena seller to list at 1.3M I am guess and have it to fly to closing!

You called it, 1.35M for this Helena plan 2 with 9 days from list to close.
https://www.redfin.com/CA/Irvine/126-Tidal-Line-92602/home/143915279

 

[BlackKnight]

This one just sold $325k over LP. Must be all cash due to quick escrow.
https://www.redfin.com/CA/Irvine/110-Lovelace-92620/home/167385353?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

 

[The Motor Court Company]

this is crazy. Irvine is nice, but not this nice....