Perspective
Well-known member
shadyoc said:
That is odd. Will the Capella plan 1 model sell for less than the Strada plan 3 model? Both are on tiny lots, but the Capella model has no homes behind it and the floorplan is 400+ bigger.
Orchard Hills - Capella by Taylor Morrison
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That is odd. Will the Capella plan 1 model sell for less than the Strada plan 3 model? Both are on tiny lots, but the Capella model has no homes behind it and the floorplan is 400+ bigger.
Could be strategic: list on the lower end of market value, get into a multiple offer scenario and bidding commences. Actually the market will allow water to seek it's own level ie. the price will be buoyed up to what it's worth. It is really easy to overprice a home, not so much to underprice one though. Will probably also get it sold more quickly.
This home was for sale back in October 2015. I've a feeling the homeowner are pretty motivated to sell.
http://www.talkirvine.com/index.php/topic,11339.msg276062.html#msg276062
This is definitely not priced at the lower end of the market. They tried to sell back at the end of 2015, but could not get any bites. The owner ended up leasing the property for a year and now it's back on the market at their last listed price.
This house will be a good case study on how the market compares from end of 2015 and now.
Go through this thread and you'll read about all the downsides of this neighborhood. Unfortunately, anyone who is thinking about buying in Capella might see this thread in google and decide not to buy or offer a lower price.
If you look at other 1.3-1.5M properties (La Vita comes to mind), they have all sold better/faster than Capella. So it's definitely more than just the price.
Hasn't that house has been up for sale for more than a year and a half? That's plenty of time for multiple buyers to bid it higher.
I went in Feb 2015 and still have the price sheet. 1.45 starting for both Plan 1 and 3 (3400 sq ft and 3557 sq ft). This tract opened up mid 2014 so I assume the prices were even lower during the first few phases. But even in Feb 2015, there were still models available for 1.45.
If you look up the appreciation / sales pace for La Vita properties vs. Capella you will see a huge difference.
This one sold for $1.6 mil but it had upgrades according too the agent who listed it for resale. Unlikely it was the lowest home sold in La Vita so most likely there were homes that sold for not much over $1.5 mil.
https://www.redfin.com/CA/Irvine/49-Sunset-Cv-92602/home/60431706
That is odd. Will the Capella plan 1 model sell for less than the Strada plan 3 model? Both are on tiny lots, but the Capella model has no homes behind it and the floorplan is 400+ bigger.
aquabliss
Well-known member
These sellers are only asking $35k more than what they bought for in 2015, and that doesn't include the landscaping cost... weird.
https://www.redfin.com/CA/Irvine/135-Bridle-Path-92602/home/58551635
https://www.redfin.com/CA/Irvine/135-Bridle-Path-92602/home/58551635
BruinDoc
New member
aquabliss said:
Could be strategic: list on the lower end of market value, get into a multiple offer scenario and bidding commences. Actually the market will allow water to seek it's own level ie. the price will be buoyed up to what it's worth. It is really easy to overprice a home, not so much to underprice one though. Will probably also get it sold more quickly.
hello said:
This home was for sale back in October 2015. I've a feeling the homeowner are pretty motivated to sell.
http://www.talkirvine.com/index.php/topic,11339.msg276062.html#msg276062
Look at this one in escrow
https://www.redfin.com/CA/Irvine/139-Long-Fence-92602/home/87759831
They might be losing money too. Whats up with this neighborhood?
https://www.redfin.com/CA/Irvine/139-Long-Fence-92602/home/87759831
They might be losing money too. Whats up with this neighborhood?
woodburyowner
Well-known member
BruinDoc said:
This is definitely not priced at the lower end of the market. They tried to sell back at the end of 2015, but could not get any bites. The owner ended up leasing the property for a year and now it's back on the market at their last listed price.
This house will be a good case study on how the market compares from end of 2015 and now.
woodburyowner
Well-known member
lovingit said:
Go through this thread and you'll read about all the downsides of this neighborhood. Unfortunately, anyone who is thinking about buying in Capella might see this thread in google and decide not to buy or offer a lower price.
I think this is more that not that many people can afford a 1.5M property. The lower end SFR's and the nice detached and even attached condo's do well, as people are more willing to "stretch" themselves into those types of homes...but at 1.5, I think you get a much more fragmented buying pool and a much pickier buying pool to boot, that it kind of puts a different supply / demand dynamic on these homes.
woodburyowner
Well-known member
Bullsback said:
If you look at other 1.3-1.5M properties (La Vita comes to mind), they have all sold better/faster than Capella. So it's definitely more than just the price.
Paris167
New member
What La Vita homes sold for $1.5mil? Again every buyer has their preferences and no neighborhood is perfect unless you're willing to break the bank. I love my Capella home and our little neighborhood and many of our neighbors are happy with their purchase. We've lived here for over 2 years and the quality of our home is solid, no issues. You can't compare OH1 capella sales to the other original neighborhoods in the groves because there is a dramatic price difference, at minimum when we bought in the groves the price difference was a stark $300k.
One of the resales were buyers moving over to saviero so they wanted to get their capella home sold to move fast. And the other was a sudden job relocation to another state. When they bought their home I don't think they were planning to sell so quickly.
One of the resales were buyers moving over to saviero so they wanted to get their capella home sold to move fast. And the other was a sudden job relocation to another state. When they bought their home I don't think they were planning to sell so quickly.
Ready2Downsize
Well-known member
shadyoc said:
Hasn't that house has been up for sale for more than a year and a half? That's plenty of time for multiple buyers to bid it higher.
woodburyowner
Well-known member
Paris said:
I went in Feb 2015 and still have the price sheet. 1.45 starting for both Plan 1 and 3 (3400 sq ft and 3557 sq ft). This tract opened up mid 2014 so I assume the prices were even lower during the first few phases. But even in Feb 2015, there were still models available for 1.45.
If you look up the appreciation / sales pace for La Vita properties vs. Capella you will see a huge difference.
Ready2Downsize
Well-known member
Paris said:
This one sold for $1.6 mil but it had upgrades according too the agent who listed it for resale. Unlikely it was the lowest home sold in La Vita so most likely there were homes that sold for not much over $1.5 mil.
https://www.redfin.com/CA/Irvine/49-Sunset-Cv-92602/home/60431706