Villa Rosa open

NEW -> Contingent Buyer Assistance Program
i am in awe that all these homes are going so fast...... same with all the other new development in irvine. there are people who are buying in voc/camden with out any incentives.
 
<p>Sounds like we need to start a public awareness campaign ! Can we get a billboard or something ?! </p>

<p>"What is Irvinehousingblog.com" ? </p>

<p>"Don't buy it, blog it" ! etc. </p>
 
So, the wife and I have decided to try to sell our condo in hopes of being non-contingent buyers at Villa Rosa - and maybe getting a good deal if they have another model 2 just sitting around at some date in the future. Anyone have any recent info on pricing for the next phase(s)? I saw that post from asianinvasion about the Gables in VoC and it almost looked like prices were no longer falling? WTF? Has anyone taken a look at the jump in jumbo loans?
 
GrewUp - Not everyone needs a jumbo. Heck not everyone needs a mortgage. Probably some cash-rich foreign buyers purchasing in Villa Rosa.
 
IPO -



Wonderful. I will now relocate to Bend, Oregon and roast coffee and read newspapers. I am no longer intrested in participating in this shell-game of a meritocracy. I'll log-in when I get there and tell you how it is. Yes, that comment finally pushed me over the edge. I better get packing. Tell TIC good luck.



GUII
 
<p>GUII,</p>

<p>Good luck relocating to Bend, you'll need it. A family member did just that in 2005, and was back within a year. I guess it's a nice place if you don't have to work. The job market there really sucks. Although more affordable housing can be found, the general cost of living is right on par with So.California. So prepare to drink alot of coffee and or beer. They do have some great microbreweries though. Also good skiing.</p>
 
Any chance that the Tustin Field carnage will impact Villa Rosa? (since they are similiar home sizes) Also, has anybody seen any update on Villa Rosa pricing?
 
<p>grewupinirvine,</p>

<p>I am going to say no. Look at how they build out. They release only 4 or 5 homes per release? Had they built out completely with 50 homes. Then I can see how they will have to "dramatically" reduce their prices.</p>

<p>But hey when tough time comes. What does the Irvine Co. do? They stop constructions. Look at all the communities they have halted. ...Orchard Hills, Laguna Crossing, Stonegate, Mountain Park, etc. </p>

<p>I can't say that about other cities. </p>
 
<p>reason - Thanks. But will trickling out homes at a rate of 4 or 5 really cause valuations to stay contant forever? Take Tustin Field. They are long since built out... but prices are falling through the floor, on comparable SFRs (just not a comparable city). Does this leave the prospect that Woodbury as a whole may face a falling floor in 2 years once they have completed their build-out? I'm just trying to figure out how to evaluate apples to apples. Eg. Arguably, one way is by cost per sq foot on detached homes (excluding zero lots) within the area. In that respect, I've done a lot of comparisons with Oak Creek, etc. As I am likely to purchase this year, I'm just trying to cover all of my bases (aside from the generic "falling market" which I agree we are in... but which I tend to think will average out/bottom out in the 300-330 sq ft range in about 12-16 months).</p>

<p> </p>

<p>As an aside, I remember Tustin Fields. I went there with my wife years ago to look at the homes being released. This horribly rude "Cruela Diville" saleswoman wouludn't give us the time of day other than to say, "we have already sold our low income properties." Imagine two attorneys being told that by some uneducated jackass who might very well have lived in a double-wide. I was so pissed off.</p>

<p>BTW - nothing against the double-wide.</p>
 
<p>Honestly, I had hope TIC kept building out the new homes. With excess of new homes not selling then they would've to lower prices. But like I have stated. TIC stopped all new constructions. So forget about excess new homes in Irvine. </p>

<p>With regards to VOC and why are prices there dropping like crazy. Many will have their own opinion. But here's mine. The sides near Edinger/Redhill is borderline to Santa Ana. I use to remember that part of town with it's industrial/commercial and the marine base was a buffer that separate SA to Tustin/Irvine. As a matter of fact, we are separated by the industrial/commercial areas to the south and as you head north by the 55 and the 5. It's literally a stone-throw away.</p>

<p>For those who thinks this is crazy. If you drive down Walnut, once you cross Jamboree pass the industrial/commercial area for a mile and you're in Santa Ana. It's about a few minutes drive from Irvine to Santa Ana.</p>
 
UPDATE: Stopped by sales office and heard a PLAN 2 possibly to fall out of escrow soon. It's located at the end of cul-de-sac on Winding Way (Lot 84). Sales rep thought it would go for same price $1,082,000.00 and includes upgraded flooring. Phase 12 (lots behind models) pricing to be released in about 1 month.
 
IACR



Like your icon. I heard a few weeks ago, Starbucks temporarily closed their stores to revamp their customer service, etc. I haven't visited one since then. So how is the service? Any improvements?
 
interesting that they are releasing the homes behind the models next. Usually, builders don't like to release those until the last phases. They always like to keep those lots open, to give the model homes an open feel in the backyard and upstairs bedrooms.



I noticed that they are building the homes behind those winding way sold houses. According to their old phase plan, there are many lots in that direction. Maybe Vila Rose decided to build out the homes behind the model homes, and call it quits??
 
<em>Maybe Vila Rose decided to build out the homes behind the model homes, and call it quits??</em>





That would be my guess. Lennar doesn't have the best balance sheet, and probably took the opportunity to quit the project when they could and in a way that wouldn't look too jarring when the community is built out. I wonder if Andalucia (CalPac) will pick up the left over Villa Rosa lots. I think Andalucia was being built in that direction (when it ever gets started).
 
Wow. Can Lennar just up and ditch out on the remaining phases? Is there a way to search their financials and see if they gave up on options for the lots? I've been really focused on Villa Rosa for a while, and I'm not sure if buying would be a good or a bad thing if they didn't finish out the community. On one hand, there would be far less likelihood of the builder leading the way down... but then on the other hand, if what replaces it is not comparable... it might have a longer impact on home values? I've been seriously waiting for the next phase to consider an offer... but I don't want to be backing the model homes... that street is far too busy... those homes will front the key entry point for that whole quadrant... seems like too much traffic. But over where the building is going on is perfect... no real "thru" traffic... safer for the kids...



Are the Andalucia homes essentially the homes on Rising Sun? 1900 sqft (re)selling in the 750-900K range?
 
You must log in or register to reply here.
Back
Top