Sales of existing Irvine homes up 6%

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hello said:
USCTrojanCPA said:
LA168 said:
LOL sales are up because prices are down :)
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You have to dig a little deeper...prices are up in the sub $1m market.
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Your comment implies prices are down in the over 1M market.  can you confirm?
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Probably over $1.5m-$2m+ market prices are flattish to down ever so slightly but for everything else prices are up....high in the $500k-$1m segment.
 
USCTrojanCPA said:
Probably over $1.5m-$2m+ market prices are flattish to down ever so slightly but for everything else prices are up....high in the $500k-$1m segment.
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Guess +2m market is down.  This view property was purchased for 2,014,000.  Intial asking price 2,688,000.  Sold price 2,000,000.  With landscaping and commision loss is probably 200K.

Feel bad for the seller and envious of the buyerhttps://www.redfin.com/CA/Irvine/139-Sunset-Cv-92602/home/58551744
 
Irvine Dream said:
USCTrojanCPA said:
Probably over $1.5m-$2m+ market prices are flattish to down ever so slightly but for everything else prices are up....high in the $500k-$1m segment.
Click to expand...
Guess +2m market is down.  This view property was purchased for 2,014,000.  Intial asking price 2,688,000.  Sold price 2,000,000.  With landscaping and commision loss is probably 200K.

Feel bad for the seller and envious of the buyerhttps://www.redfin.com/CA/Irvine/139-Sunset-Cv-92602/home/58551744
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Looks like all the furniture is from Big Lots.
 
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