foodisgood
Member
Anyone hear from the meadows?
The Meadows, Lake Forest by Toll Brothers
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NEW -> Contingent Buyer Assistance Program
I haven't heard from them for a while. But I did stop following up with them when I decided not to buy there after looking at the site.
Current buyer here. They?re looking to spread out the timing between phases 5-10(+). Hopefully model homes will be done by late summer with phase 1 due in early fall 2022
Wow, that's pretty late for phase 1. Phase 1 was sold late October, right? Even CalPac's Sierra phase 1 would be done by end of April even with the delay, and they started selling phase 1 mid November.
They now have portable offices open on the site.
Not a cash buyer, but am able to get info as I?ve already purchased a lot. Their hands are full ATM. I?ve experienced absent responses when I went looking at other communities highly sought after, so I guess YMMV
As long as people still buy, they will keep increasing the price. One of the sales consultants at Evergreen said their plan was to increase 1-1.5% per release. That was when they were doing 10 homes per release. I don't know if the increase has been less when they decided to do 5 homes per release.
With the way interest rates are moving, it?s quite risky to buy any new construction that takes 6+ months to build out. Who knows how high interest rates will go and with supply chain issues, one may easily end up needing to back out if they aren?t under buying. It will definitely be interesting to see how new home sales will perform in the next 6 months.
CalBears96
Well-known member
foodisgood said:
I haven't heard from them for a while. But I did stop following up with them when I decided not to buy there after looking at the site.
anteaterMD
Member
foodisgood said:
Current buyer here. They?re looking to spread out the timing between phases 5-10(+). Hopefully model homes will be done by late summer with phase 1 due in early fall 2022
CalBears96
Well-known member
anteaterMD said:
Wow, that's pretty late for phase 1. Phase 1 was sold late October, right? Even CalPac's Sierra phase 1 would be done by end of April even with the delay, and they started selling phase 1 mid November.
Kangen.Irvine
Active member
The lack of a school changes everything. TB needs to build the school and can indirectly use state matching funds to do so. The district is in no place to build at this time, but the residents can push by suggesting the matching funds be used.
It really depends how organized the Baker Ranch families/HOA are and if they can gain support from Foothill Ranch families who wish to reduce the overcrowding at their local elementary.
It really depends how organized the Baker Ranch families/HOA are and if they can gain support from Foothill Ranch families who wish to reduce the overcrowding at their local elementary.
sleepy5136
Well-known member
Didn?t people already mentioned that there is a decline in school enrollment in LF? If that?s the case, not sure if a new school is needed in that case.Kangen.Irvine said:
Kangen.Irvine
Active member
The decline is in Mission Viejo and Laguna Hills with expected growth in Lake Forest due to the new builds. Due to the district?s declining enrollment, the growth in Lake Forest will experience the crowded classrooms.
sleepy5136
Well-known member
Ah I see. Will be interesting to see how this ends up. I heard Saddleback school district can send kids to Irvine schools but it requires to go through the process. Not sure how realistic that is. If no funding can be retrieved from the state/city, trying to add MR to LF will be difficult I feel.Kangen.Irvine said:
sleepy5136
Well-known member
I was working with an agent back in August-September for the Meadows. Information is difficult to get unless you're cash buyer at the time. Also, pricing seems to be disclosed in a very secretive manner compared to other new communities. I don't know why they are doing things the way they are doing, but it's quite odd they are taking this approach.Cares said:
usctrojancpa
Well-known member
Cares said:
They now have portable offices open on the site.
anteaterMD
Member
sleepy5136 said:
Not a cash buyer, but am able to get info as I?ve already purchased a lot. Their hands are full ATM. I?ve experienced absent responses when I went looking at other communities highly sought after, so I guess YMMV
Is this normal? Toll Brothers has been increasing the price every 2 weeks even though there haven?t been any lots released. The Meadows was so attractively earlier because the relatively low price made up for the location but not so much anymore. They can?t continue increasing at this rate forever right especially since they have decided to slow down the phases?
CalBears96
Well-known member
milgauss said:
As long as people still buy, they will keep increasing the price. One of the sales consultants at Evergreen said their plan was to increase 1-1.5% per release. That was when they were doing 10 homes per release. I don't know if the increase has been less when they decided to do 5 homes per release.
sleepy5136
Well-known member
With interest rates at 3.7% right now and the fed planning to hike 4 times this year, I think they are trying to maximize their price increases before the market potentially cools off. It takes one year to build the homes from getting in contract. Buyers have to underbuy if they plan to take a loan as they can?t lock in the interest rates so far out. The FOMO is happening as we speak. I suspect prices will have to stay flat or cool down once interest rates go to 4%?milgauss said:
With the way interest rates are moving, it?s quite risky to buy any new construction that takes 6+ months to build out. Who knows how high interest rates will go and with supply chain issues, one may easily end up needing to back out if they aren?t under buying. It will definitely be interesting to see how new home sales will perform in the next 6 months.
anteaterMD
Member
3D walkthrough for some of the models are up. An example of an Evergreens model can be found here:
https://www.tollbrothers.com/luxury-homes-for-sale/California/The-Meadows/The-Evergreens/Sagewood
(fyi it?s a 3D render, not the final product)
https://www.tollbrothers.com/luxury-homes-for-sale/California/The-Meadows/The-Evergreens/Sagewood
(fyi it?s a 3D render, not the final product)