akim997 said:
and what is the reason that prices are sticky (in your opinion)? schools? community? location? Location is one of my issues with Stongate/WB... that and home exterior.
That's a whole water cooler full of logic right there.
Various things like you mentioned... I do think the central location has probably a great deal to do with it... then you add the stuff that other centrally located cities don't have an abundance of (ie Costa Mesa, Santa Ana). Mix in non-fundamental buyers (my FCB theory) and a decent rental pool (UCI lends to that) and you get your unicorn premium.
Im in the same "affordabilty" boat. my ideal situation would be a new(er) build 4BR/3BA home with a decent backyard, a driveway and nice open concept space for $781,250. Right now, this is what you can get for that kind of money:
http://www.redfin.com/CA/Irvine/34-Brena-92620/home/4786180
Actually... I think patience will pay off for you. I'm starting to see more stuff in that range hit the market... and once spring/summer hits... it may get better.
Something like this is similar to Brena and is nicely upgraded:
http://www.redfin.com/CA/Irvine/12-Benjamin-92620/home/4784220