Cool, 1400 more apartments right next to the Spectrum. Rents are so screwed.
Posted by NanoWest on 05/05/07 at 04:33 AM
Just a note on inventory…...Zip says that the number of houses for sale in OC is around 17,350, just a few hundred houses short of the 17,800 high reached in the fall of last year. I remember someone saying that when we reach 9 months of inventory, we will have a “deep” buyers market. Looks like that day will be here pretty soon. ——-
Irvine OKs housing, retail project near Spectrum
http://www.ocregister.com/ocregister/news/local/irvine/article_1680319.php
New Century gets no bids, lays off 2,000 workers
http://blogs.ocregister.com/mortgage/archives/2007/05/new_century_gets_no_bids_lays.html
Posted by puzzled on 05/05/07 at 08:27 AM
Can you investigate what is going on at Zani Condo Development in OC, 92657. On Redfin they have 16 units for sale (800-1.3) within a couple of blocks with San Pietro showing 6,15,16,17,18 & 28 all for sale.
Ziani does have a ton of units for sale. I think the original prices may have started in the 500s or 600s in 2003/2004. I recall seeing some listed for around 1.65mil last year. That’s just crazy!
Posted by No_Such_Reality on 05/05/07 at 06:09 AM
Cool, 1400 more apartments right next to the Spectrum. Rents are so screwed.
Posted by NanoWest on 05/05/07 at 04:33 AM
Just a note on inventory…...Zip says that the number of houses for sale in OC is around 17,350, just a few hundred houses short of the 17,800 high reached in the fall of last year. I remember someone saying that when we reach 9 months of inventory, we will have a “deep” buyers market. Looks like that day will be here pretty soon.
——-
Posted by IrvineRenter on 05/05/07 at 05:24 AM
Interesting news stories:
Irvine OKs housing, retail project near Spectrum
http://www.ocregister.com/ocregister/news/local/irvine/article_1680319.php
New Century gets no bids, lays off 2,000 workers
http://blogs.ocregister.com/mortgage/archives/2007/05/new_century_gets_no_bids_lays.html
Posted by puzzled on 05/05/07 at 08:27 AM
Can you investigate what is going on at Zani Condo Development in OC, 92657. On Redfin they have 16 units for sale (800-1.3) within a couple of blocks with San Pietro showing 6,15,16,17,18 & 28 all for sale.
Posted by zovall on 05/05/07 at 09:45 AM
Ziani does have a ton of units for sale. I think the original prices may have started in the 500s or 600s in 2003/2004. I recall seeing some listed for around 1.65mil last year. That’s just crazy!