Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
You mean the lack of staging and cleaning? Those pictures sure do look like cell phone pictures to me. This one will be like watching a train wreck. haha
Agreed that it's a bad strategy. I mean, if they got multiple offers, they could have just countered with higher price. And if they didn't get offers, then how would bumping the listing price going to help? I can't really see the advantage of keep bumping the list price.
And calling this a SFR is a joke. It's definitely a condo with a tiny backyard. I wouldn't pay the original $1.65M for this house, let alone the nearly $2M price.
$2.75m is my guess.
$3M.
4,000sqft is the sweet spot in Orchard Hills
Thought the same exact thing... That tract has been making a killing recently. It's actually my top pick for TR so I get it, but still!
Only $7,600 per SF....Shady Canyon has nothing on Stonegate. haha I think we know that the closing price is obviously $1,260,000 which is $110,000 less than what I sold my model match Oasis listing back last month, I told my seller recently that he got the peak pricing for his condo.
I wouldn't use mine as the base case as I squeeze the last dollar out of buyers for my listings. The back up buyers were in the $1.3m to $1.32m range so I would see that pricing which would be a 3-5% decline from the blow off top.
2 weeks later and looks like a $170k price drop today down to $2.68M.
We have under 2 months of inventory currently, up from 2 weeks of inventory around year end.
usctrojancpa
Well-known member
irviniteeee said:
You mean the lack of staging and cleaning? Those pictures sure do look like cell phone pictures to me. This one will be like watching a train wreck. haha
CalBears96
Well-known member
USCTrojanCPA said:
Agreed that it's a bad strategy. I mean, if they got multiple offers, they could have just countered with higher price. And if they didn't get offers, then how would bumping the listing price going to help? I can't really see the advantage of keep bumping the list price.
And calling this a SFR is a joke. It's definitely a condo with a tiny backyard. I wouldn't pay the original $1.65M for this house, let alone the nearly $2M price.
usctrojancpa
Well-known member
Chegg said:
$2.75m is my guess.
TestingIrvine
Active member
USCTrojanCPA said:
$3M.
4,000sqft is the sweet spot in Orchard Hills
This new house in Turtle Rock just listed and I can?t believe the price. This has to be a typo. What do you think?
https://www.redfin.com/CA/Irvine/19031-Norwood-Ter-92603/home/4740797
https://www.redfin.com/CA/Irvine/19031-Norwood-Ter-92603/home/4740797
irviniteeee
Active member
K15nguye said:
Thought the same exact thing... That tract has been making a killing recently. It's actually my top pick for TR so I get it, but still!
potsticker
Active member
Attached condos in Stonegate have officially crossed over the $10M mark -https://www.redfin.com/CA/Irvine/110-Oasis-92620/home/58556047
Congrats to the seller!
Clearly a fat-fingered sale price entry error - but funny nonetheless ;D
Congrats to the seller!
Clearly a fat-fingered sale price entry error - but funny nonetheless ;D
usctrojancpa
Well-known member
best_potsticker_in_town said:
Only $7,600 per SF....Shady Canyon has nothing on Stonegate. haha I think we know that the closing price is obviously $1,260,000 which is $110,000 less than what I sold my model match Oasis listing back last month, I told my seller recently that he got the peak pricing for his condo.
usctrojancpa
Well-known member
Liar Loan said:
I wouldn't use mine as the base case as I squeeze the last dollar out of buyers for my listings. The back up buyers were in the $1.3m to $1.32m range so I would see that pricing which would be a 3-5% decline from the blow off top.
potsticker
Active member
USCTrojanCPA said:
2 weeks later and looks like a $170k price drop today down to $2.68M.
usctrojancpa
Well-known member
OCtoSV said:
We have under 2 months of inventory currently, up from 2 weeks of inventory around year end.
usctrojancpa
Well-known member
This seller was dumb enough to pay $4.6m for this home back in May and now trying to get out with a small profit? Uhhhh, not gonna happen.
https://www.redfin.com/CA/Irvine/59-Iluna-92618/home/167386170
They'll be lucky if they can get $4.6m for the home, let alone $5m. Good luck is all that I have to say.
https://www.redfin.com/CA/Irvine/59-Iluna-92618/home/167386170
They'll be lucky if they can get $4.6m for the home, let alone $5m. Good luck is all that I have to say.