Newer Irvine listings with crazy WTF asking prices from equity sellers

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quattroporte said:
IR2 and USCTrojanCPA, are you guys seeing the price increases slowing down and/or prices stabilizing?
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Definitely....prices are not going up much now (except being a desirable floor plan in a desirable location). 
 
At the "Canyon Area" brokers preview (RSM/Coto/Dove/Ladera) the weekly norm of new listings was about 7-10. This week we had 27. The Agents were also starting to pitch range pricings ($400k list, but range priced from $375k to $400k) - a sure sign of price stabilization if not outright softening. The San Clemente preview had 40+ new listings last week, 70+ this week.

More cancellations, more re-listed homes at lower prices, and more range pricing tells me the 1.0% rate hike has started to eat into the listing Agents ability to conjure up redonkulous prices and hostage taker like terms of sale on behalf of their sellers.

My .02c

SGIP
 
Soylent Green Is People said:
At the "Canyon Area" brokers preview (RSM/Coto/Dove/Ladera) the weekly norm of new listings was about 7-10. This week we had 27. The Agents were also starting to pitch range pricings ($400k list, but range priced from $375k to $400k) - a sure sign of price stabilization if not outright softening. The San Clemente preview had 40+ new listings last week, 70+ this week.

More cancellations, more re-listed homes at lower prices, and more range pricing tells me the 1.0% rate hike has started to eat into the listing Agents ability to conjure up redonkulous prices and hostage taker like terms of sale on behalf of their sellers.

My .02c

SGIP
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While the listings have increased at www.irvine-tustinbrokerpreview.com, the prices have not decreased... bleh.
 
While the listings have increased at www.irvine-tustinbrokerpreview.com, the prices have not decreased... bleh.
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give it time grasshopper. eventually higher rates will give you your wish - a reasonably priced 3CWG!
 
Is Freedom using BK's avatar?  Or a modified version of it?

I may be completely wrong, I am going off my memory of his avatar which I have not seen since 2008, haha
 
http://www.redfin.com/CA/Irvine/60-Tall-Cedars-92620/home/7215346
Anyone remember which development is this former model home for?  I thought it was a Portisol, but the floorplans don't match up.  Or is the listing agent simply stating a fact as "one of a kind"?  I remember the Sonoma sales rep stated the three models homes were built before the Great Recession.

It's neighbor (http://www.redfin.com/CA/Irvine/62-Tall-Cedars-92620/home/7213226), a Portisol model home plan 4 just sold recently at over $500/sq ft.  Loved the 3rd floor/man cave
 
No Quarter said:
paperboyNC said:
http://www.redfin.com/CA/Irvine/21-Shaman-92618/home/7203783

Listed for $504/sq ft. Lambert Ranch, etc. homes at this price usually have over 4,000 sq ft.
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They are certainly shooting for the moon with that asking price.  Considering the owner is completely moved out, I'd say the buyer could probably get that price down.
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Seems a little discordant with the pink, green and blue in the bedrooms compared to the style in the living areas and kitchen. 

Also, IMHO, way too much color and texture photoshopping in those photos.  Most rooms have the highly fake look in the photos because they've been edited too much, including the last dreamily blurry exterior shot.
 
ps9 said:
http://www.redfin.com/CA/Irvine/60-Tall-Cedars-92620/home/7215346
Anyone remember which development is this former model home for?  I thought it was a Portisol, but the floorplans don't match up.  Or is the listing agent simply stating a fact as "one of a kind"?  I remember the Sonoma sales rep stated the three models homes were built before the Great Recession.
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Yeah... those weren't Portisol, more of a cousin because I believe they were built by CalPac too. They built the models and then the project was scrapped (but of course, someone says that builders never STOP building).
 
ps9 said:
http://www.redfin.com/CA/Irvine/60-Tall-Cedars-92620/home/7215346
Anyone remember which development is this former model home for?  I thought it was a Portisol, but the floorplans don't match up.  Or is the listing agent simply stating a fact as "one of a kind"?  I remember the Sonoma sales rep stated the three models homes were built before the Great Recession.

It's neighbor (http://www.redfin.com/CA/Irvine/62-Tall-Cedars-92620/home/7213226), a Portisol model home plan 4 just sold recently at over $500/sq ft.  Loved the 3rd floor/man cave
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The HOA is only $35/mo....so that explains the $500/sf+ price.  This house gets a discount from the normal Woodbury HOA.
 
irvinehomeowner said:
ps9 said:
http://www.redfin.com/CA/Irvine/60-Tall-Cedars-92620/home/7215346
Anyone remember which development is this former model home for?  I thought it was a Portisol, but the floorplans don't match up.  Or is the listing agent simply stating a fact as "one of a kind"?  I remember the Sonoma sales rep stated the three models homes were built before the Great Recession.
Click to expand...
Yeah... those weren't Portisol, more of a cousin because I believe they were built by CalPac too. They built the models and then the project was scrapped (but of course, someone says that builders never STOP building).
Click to expand...

+1 I believe IHO is right, it was a scuttled CalPac project. I remember those 3 model homes sitting fenced off by themselves for more than a year before Sonoma took over the area and started building.
 
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