Woodbury is very nice. However these prices are still in the collective unconscious of permabulls from 2006. They are standing on a price point that can only be witnessed via Mt. Everest and they wonder why it is cold up there.
http://drhousingbubble.blogspot.com
Posted by NanoWest on 11/07/06 at 01:35 AM
These are nice units…....they are worth at least $425,000. ——-
Posted by Irvinebear on 11/07/06 at 09:24 AM
He’s had to pay roughly $64K in mortgage payments for those 16 months, so he’s actually in the hole $50K+.
Question,
Does anyone have a good series of links to the various Irvine/OC condo, townhouse, and home projects? I have a friend I’ll be helping buy down there (in 2008 or 2009, so don’t panic) and it would be good to do some research ahead of time.
Thanks,
Neil
Posted by Irvinebear on 11/07/06 at 08:02 PM
Zovall,
Can you do a story on the Marquee Towers at Park Place on Michelson? I noticed there are 59(!) listings for these on Ziprealty. I wonder what percentage of the initial sales were from flippers. I’m sure they bought with assurance that these condos are selling like hotcakes (yeah, from other flippers), and demand is high. And now many are languishing on the market for months. Some have dropped their price by hundreds of thousands, one even about 700K. And they are not selling. These flippers have to fork out thousands every month, plus the HOA of $1100. That must be painful.
Thanks,
Irvinebear
Posted by oc_fliptrack on 11/07/06 at 10:58 PM
test post… trying IE6… I think WordPress no workee with IE7.
Posted by oc_fliptrack on 11/07/06 at 11:01 PM
Nevermind, it’s my computer… Firefox didn’t work either.
But its a lot more than most apartments (1824 ft^2). Although, its interesting its only a two bedroom.
I followed Reggie’s link and see that
53 Concierto is also for sale. I see that plan is smaller but has one more bedroom. Hmmmm…
As is 122 Chantilly.
Got popcorn?
Neil
Posted by Rick on 02/20/07 at 07:08 PM
Quickly, My co-worker is in escrow with a condo in La Palma. I’ve been reading all these blogs and understand what the market is going to do, but she doesnt and I just found out what she and her family are about to do. I think they close in like 2 weeks. The address is
8586 Santa Margarita Lane
La Palma, CA 90623
I think they’re buying for $455K for this dinky 1200+ sq ft condo. She says it’s a nice area but NO WAY! I tried to persuade her but it’s a first home and the heart is where it is. Plus, I guessed that her Realtor was also representing the buyer. I WAS RIGHT!
Can any of you get more info on this area? I’m trying to talk her out of it. If not, I’m trying to get her to lower the price. Her realtor is givin her the same crap speech about they have other bids. WHAT A BUNCH OF CROCK!
HELLLLLLPPPP!!!!!!
Thanks GUYS!
Posted by Kman on 02/21/07 at 07:54 AM
455k for 1200sq ft is 380 bucks per sq ft. Should be 275 bucks a sq ft. La Palma is a dump.
Posted by Bubble Follower on 02/24/07 at 07:57 AM
61 Concierto - Pending sale - Price shows $769,900
I would be curious to see the mortgage amounts on this sale. If there was a large down payment than probably a very legitimate sale.
If little or now down payment the question of cash back to buyer might be a question
Posted by DrHousingBubble on 02/21/07 at 10:31 AM
Woodbury is very nice. However these prices are still in the collective unconscious of permabulls from 2006. They are standing on a price point that can only be witnessed via Mt. Everest and they wonder why it is cold up there.
http://drhousingbubble.blogspot.com
Posted by NanoWest on 11/07/06 at 01:35 AM
These are nice units…....they are worth at least $425,000.
——-
Posted by Irvinebear on 11/07/06 at 09:24 AM
He’s had to pay roughly $64K in mortgage payments for those 16 months, so he’s actually in the hole $50K+.
Posted by Neil on 11/07/06 at 06:00 PM
Question,
Does anyone have a good series of links to the various Irvine/OC condo, townhouse, and home projects? I have a friend I’ll be helping buy down there (in 2008 or 2009, so don’t panic) and it would be good to do some research ahead of time.
Thanks,
Neil
Posted by Irvinebear on 11/07/06 at 08:02 PM
Zovall,
Can you do a story on the Marquee Towers at Park Place on Michelson? I noticed there are 59(!) listings for these on Ziprealty. I wonder what percentage of the initial sales were from flippers. I’m sure they bought with assurance that these condos are selling like hotcakes (yeah, from other flippers), and demand is high. And now many are languishing on the market for months. Some have dropped their price by hundreds of thousands, one even about 700K. And they are not selling. These flippers have to fork out thousands every month, plus the HOA of $1100. That must be painful.
Thanks,
Irvinebear
Posted by oc_fliptrack on 11/07/06 at 10:58 PM
test post… trying IE6… I think WordPress no workee with IE7.
Posted by oc_fliptrack on 11/07/06 at 11:01 PM
Nevermind, it’s my computer… Firefox didn’t work either.
Posted by Reggie on 11/22/06 at 09:01 AM
If you would like to see the homes out in Woodbury . Visit http://www.woodburycommunity.com than choose real estate.
Posted by mah on 02/20/07 at 09:45 AM
WTF is this? 749 for a shitty apartment!
I hope the motherfucker rots on the MLS!
Posted by Neil on 02/20/07 at 12:03 PM
Mah,
Overpriced? Yes.
But its a lot more than most apartments (1824 ft^2). Although, its interesting its only a two bedroom.
I followed Reggie’s link and see that
53 Concierto is also for sale. I see that plan is smaller but has one more bedroom. Hmmmm…
As is 122 Chantilly.
Got popcorn?
Neil
Posted by Rick on 02/20/07 at 07:08 PM
Quickly, My co-worker is in escrow with a condo in La Palma. I’ve been reading all these blogs and understand what the market is going to do, but she doesnt and I just found out what she and her family are about to do. I think they close in like 2 weeks. The address is
8586 Santa Margarita Lane
La Palma, CA 90623
I think they’re buying for $455K for this dinky 1200+ sq ft condo. She says it’s a nice area but NO WAY! I tried to persuade her but it’s a first home and the heart is where it is. Plus, I guessed that her Realtor was also representing the buyer. I WAS RIGHT!
Can any of you get more info on this area? I’m trying to talk her out of it. If not, I’m trying to get her to lower the price. Her realtor is givin her the same crap speech about they have other bids. WHAT A BUNCH OF CROCK!
HELLLLLLPPPP!!!!!!
Thanks GUYS!
Posted by Kman on 02/21/07 at 07:54 AM
455k for 1200sq ft is 380 bucks per sq ft. Should be 275 bucks a sq ft. La Palma is a dump.
Posted by Bubble Follower on 02/24/07 at 07:57 AM
61 Concierto - Pending sale - Price shows $769,900
I would be curious to see the mortgage amounts on this sale. If there was a large down payment than probably a very legitimate sale.
If little or now down payment the question of cash back to buyer might be a question