graphrix_IHB
New member
Heh, it's funny how 56 Calavera went into escrow two days before it was scheduled for the auction. At $899k it is a short sale since the NTS is $950k. I wonder if we have a new phenomenon going on here called straw escrowers?
What's going into escrow - Irvine and maybe some Tustin too
- Thread starter ipoplaya_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
ipoplaya_IHB
New member
[quote author="graphrix" date=1219737042]Heh, it's funny how 56 Calavera went into escrow two days before it was scheduled for the auction. At $899k it is a short sale since the NTS is $950k. I wonder if we have a new phenomenon going on here called straw escrowers?</blockquote>
Anything to keep milking the free housing cow right?!
I'm exhausted from a massive escrow update. I think I added 25 new properties today... There won't be any houses left to sell in Irvine if this keeps up. Inventory at almost sub 800 level and oodles still going contract.
Anything to keep milking the free housing cow right?!
I'm exhausted from a massive escrow update. I think I added 25 new properties today... There won't be any houses left to sell in Irvine if this keeps up. Inventory at almost sub 800 level and oodles still going contract.
ipoplaya_IHB
New member
63 Sanctuary, 3500sf Mille Fleur in WB, appears to have closed for $1.19M last week. I can't tell how much it cost the owners originally though so no idea how deep a rollback that one is...
Also 23 Stowe in WB closed for $1.376M.
Also 23 Stowe in WB closed for $1.376M.
NoThereThere_IHB
New member
[quote author="ipoplaya" date=1219739266]63 Sanctuary, 3500sf Mille Fleur in WB, appears to have closed for $1.19M last week. I can't tell how much it cost the owners originally though so no idea how deep a rollback that one is...
Also 23 Stowe in WB closed for $1.376M.</blockquote>
The only prior sale I see for 63 Sanctuary is the builder's original sale in March 2006 for $1.387M ($1,109,250 first/$277,300 second, $450/down). Went back to the bank on 6/12/2008 for $1,052,625. I don't see any MEW or other shennanigans. I'll leave the 'rollback' calculations to you.
Been following your numbers/commentary for quite a while, Ipop -- thanks for all your hard work and insight.
Also 23 Stowe in WB closed for $1.376M.</blockquote>
The only prior sale I see for 63 Sanctuary is the builder's original sale in March 2006 for $1.387M ($1,109,250 first/$277,300 second, $450/down). Went back to the bank on 6/12/2008 for $1,052,625. I don't see any MEW or other shennanigans. I'll leave the 'rollback' calculations to you.
Been following your numbers/commentary for quite a while, Ipop -- thanks for all your hard work and insight.
cantaloop_IHB
New member
[quote author="ipoplaya" date=1219738874][quote author="graphrix" date=1219737042]Heh, it's funny how 56 Calavera went into escrow two days before it was scheduled for the auction. At $899k it is a short sale since the NTS is $950k. I wonder if we have a new phenomenon going on here called straw escrowers?</blockquote>
Anything to keep milking the free housing cow right?!
I'm exhausted from a massive escrow update. I think I added 25 new properties today... There won't be any houses left to sell in Irvine if this keeps up. Inventory at almost sub 800 level and oodles still going contract.</blockquote>
I can't believe how many houses went into escrow. WOW! I hope 90% of them fall out...
Anything to keep milking the free housing cow right?!
I'm exhausted from a massive escrow update. I think I added 25 new properties today... There won't be any houses left to sell in Irvine if this keeps up. Inventory at almost sub 800 level and oodles still going contract.</blockquote>
I can't believe how many houses went into escrow. WOW! I hope 90% of them fall out...
PadreBrian_IHB
New member
I hope the world ends with a big gigantic meteor, too...
ipoplaya_IHB
New member
Looks like August's closing prices are going to come in pretty much flat with July's for Irvine...
<a href="http://www.ipoplaya.com/iposhiller.pdf">IPO Shiller</a>
<a href="http://www.ipoplaya.com/iposhiller.pdf">IPO Shiller</a>
freedomCM_IHB
New member
wow, really ugly color!
I still see a whole lot more variation in your numbers for Irvine than mine for CM. There are a lot of sales above 230 in yours, as well as some low ones. My numbers for CM are much more tightly clustered around CS180 (+/- 5) last month.
Thanks for the update
I still see a whole lot more variation in your numbers for Irvine than mine for CM. There are a lot of sales above 230 in yours, as well as some low ones. My numbers for CM are much more tightly clustered around CS180 (+/- 5) last month.
Thanks for the update
ipoplaya_IHB
New member
50 Summer House in Turtle Ridge closed recently. Sold for $1.895M. Bought in 2004 for $1.486M.
Yes, you read that correctly, sold for $400K more than 2004 purchase price!
<a href="http://www.ipoplaya.com/iposhiller.pdf">Updated IPO Shiller</a>
Yes, you read that correctly, sold for $400K more than 2004 purchase price!
<a href="http://www.ipoplaya.com/iposhiller.pdf">Updated IPO Shiller</a>
ipoplaya_IHB
New member
Lots of closings the last week or so. September is starting out promising in terms of lower prices / deeper rollbacks...
<a href="http://www.redfin.com/CA/Irvine/515-Luminous-92603/home/5929442">This market chaser</a> in QH recently got into escrow.
<a href="http://www.redfin.com/CA/Irvine/515-Luminous-92603/home/5929442">This market chaser</a> in QH recently got into escrow.
WestparkRenter_IHB
New member
<blockquote>50 Summer House in Turtle Ridge closed recently. Sold for $1.895M. Bought in 2004 for $1.486M.
Yes, you read that correctly, sold for $400K more than 2004 purchase price! </blockquote>
It's anomally,Amberhill was selling for about $1.9M in Dec 2003 and it only has a few houses left.
Yes, you read that correctly, sold for $400K more than 2004 purchase price! </blockquote>
It's anomally,Amberhill was selling for about $1.9M in Dec 2003 and it only has a few houses left.
ipoplaya_IHB
New member
Amazing the diff between TRidge and Tustin Field. Just got report on a close there, 1470 Voyager, which went for $901K. Still way too high IMO, but it was $400K, or almost 31% off its peak price, which was $1.30M in Aug 2006...
cantaloop_IHB
New member
[quote author="tenmagnet" date=1208825900]
Ipop,
We?re not talking about 21 Upland.
We?re discussing Mar Vista.
If it wasn?t all that, then it certainly would?ve languished on the market longer, wouldn?t you agree?
The fact remains it was taken down fast, inferior location or otherwise.
Regarding, Upland, if that seller weren?t so stubborn and cut the price it would move.</blockquote>
Looks like this 'trophy' house is back on the market. I think it's worth only $850k
Ipop,
We?re not talking about 21 Upland.
We?re discussing Mar Vista.
If it wasn?t all that, then it certainly would?ve languished on the market longer, wouldn?t you agree?
The fact remains it was taken down fast, inferior location or otherwise.
Regarding, Upland, if that seller weren?t so stubborn and cut the price it would move.</blockquote>
Looks like this 'trophy' house is back on the market. I think it's worth only $850k
ipoplaya_IHB
New member
[quote author="cantaloop" date=1220792692][quote author="tenmagnet" date=1208825900]
Ipop,
We?re not talking about 21 Upland.
We?re discussing Mar Vista.
If it wasn?t all that, then it certainly would?ve languished on the market longer, wouldn?t you agree?
The fact remains it was taken down fast, inferior location or otherwise.
Regarding, Upland, if that seller weren?t so stubborn and cut the price it would move.</blockquote>
Looks like this 'trophy' house is back on the market. I think it's worth only $850k</blockquote>
Ten's fave French chateau, 14 Mar Vista, is back in escrow now...
Ipop,
We?re not talking about 21 Upland.
We?re discussing Mar Vista.
If it wasn?t all that, then it certainly would?ve languished on the market longer, wouldn?t you agree?
The fact remains it was taken down fast, inferior location or otherwise.
Regarding, Upland, if that seller weren?t so stubborn and cut the price it would move.</blockquote>
Looks like this 'trophy' house is back on the market. I think it's worth only $850k</blockquote>
Ten's fave French chateau, 14 Mar Vista, is back in escrow now...
Trooper_IHB
New member
This is the thread of all threads Ipop ! You have 46663 page views so far ! Congrats !
ipoplaya_IHB
New member
Had a good number of closes in Irvine and Tustin lately... September prices are tracking right with July and August's, i.e. they are pretty much flat as expected.
<a href="http://www.ipoplaya.com/iposhiller.pdf">Updated IPO Shiller</a>
<a href="http://www.ipoplaya.com/iposhiller.pdf">Updated IPO Shiller</a>
WestparkRenter_IHB
New member
11 Santa Rida dropped nearly $500K, from $1300K to $855K - BIG OUCH!!!!!
blackacre-seeker_IHB
New member
I regularly search for lowest-priced 4bdr SFRs in Irvine, and was stunned to find that somebody is snatching up these properties, 4 of these are currently in escrow. I guess I was just surprised to find while scrolling down my search results "Backup offers" 4 times in a row, something I haven't seen in a long time...
--------------------------------------------------------------------------------
MLS#: S543566 $574,900
3662 Bates St
Irvine, CA 92614
4 Bedrooms / 2 Baths
1650 SF (approx)
More Details...Virtual Tour...
(10 of 305 listings)
Status:Backup Offers
--------------------------------------------------------------------------------
MLS#: S531617 $575,000
7 Skipper
Irvine, CA 92604
4 Bedrooms / 3 Baths
2000 SF (approx)
More Details...Virtual Tour...
(11 of 305 listings)
Status:Backup Offers
--------------------------------------------------------------------------------
MLS#: S528724 $597,500 Recently Updated!
3671 Claremont St
Irvine, CA 92614
5 Bedrooms / 3 Baths
2533 SF (approx)
More Details...
(12 of 305 listings)
Status:Backup Offers
--------------------------------------------------------------------------------
MLS#: S544309 $599,000
23 Muir
Irvine, CA 92620
4 Bedrooms / 3 Baths
2109 SF (approx)
More Details...
(13 of 305 listings)
Status:Backup Offers
--------------------------------------------------------------------------------
MLS#: S543566 $574,900
3662 Bates St
Irvine, CA 92614
4 Bedrooms / 2 Baths
1650 SF (approx)
More Details...Virtual Tour...
(10 of 305 listings)
Status:Backup Offers
--------------------------------------------------------------------------------
MLS#: S531617 $575,000
7 Skipper
Irvine, CA 92604
4 Bedrooms / 3 Baths
2000 SF (approx)
More Details...Virtual Tour...
(11 of 305 listings)
Status:Backup Offers
--------------------------------------------------------------------------------
MLS#: S528724 $597,500 Recently Updated!
3671 Claremont St
Irvine, CA 92614
5 Bedrooms / 3 Baths
2533 SF (approx)
More Details...
(12 of 305 listings)
Status:Backup Offers
--------------------------------------------------------------------------------
MLS#: S544309 $599,000
23 Muir
Irvine, CA 92620
4 Bedrooms / 3 Baths
2109 SF (approx)
More Details...
(13 of 305 listings)
Status:Backup Offers
ipoplaya_IHB
New member
Guess not too many people are watching the news lately, or maybe, they just don't care...
I have 14 Irvine properties going into escrow over the past two days.
<a href="http://www.ipoplaya.com/"><strong>Updated Irvine escrow list</strong></a>
I have 14 Irvine properties going into escrow over the past two days.
<a href="http://www.ipoplaya.com/"><strong>Updated Irvine escrow list</strong></a>
blackacre-seeker_IHB
New member
well, hey the more the merrier, maybe I'll be buying that same property this summer on short sale from them 