I wonder if a few select Cambridge Lane units lose the lottery and only get a one car instead of two car garage.
Not sure, just wondering.
SCHB

Hmm, maybe so SCHB. Alot of communities have certain homes that have special features or lack some.

does anyone have any update? pricing?

Residence 1- $374,990
Residence 2- 359,990
Residence 3- 419,990
Residence 5- 434,990
Residence 6- 522,990

Some plans come with 2-car driveways. Plans 3, 5 and 6 come with 2 car garages.

$20,000 incentive that can be used towards buy-down, upgrades or closing costs if you qualify with their lender.

Prices are pretty reasonable, especially with the incentive. They are about to finish selling out of phase 4 with 7 phases total.

We compared Cambridge Lane to Camden Place and even though the square footage is a bit smaller, the floorplans overall are pretty open and comfortable, in our opinion. We the price and the neighborhood make it more appealing than Camden Place.

KD_B

have you notice that the price change is not much compare to what they had in the past. the only one that i see that they dropped the price on is the 1bedroom. everything thing else is the same. Thanks for the update.

What do you think the prices will bottom out at including incentives?  I think…
Residence 1- $374,990      $315K

Residence 2- 359,990        $300K

Residence 3- 419,990        $350K

Residence 5- 434,990        $375K

Residence 6- 522,990        $450K

I think a new condo should go from 300K to $450K.

i don’t think it will go that low…. due to too many stupid people out there. hahahhaaaa but who knows… it might. there are people still buying right now without any incentives. 20k for closing cost is not good incentives compare to 11/1/2007 they were offering 75k in incentives plus upgrade. mello roos and hoa is pretty high for tustin school district imo

Here we go with Tustin again.  Has anyone looked at the OC Register article on income?  Columbus Square is in the 92782 zip code.  That zip code has a higher average income than most of Irvine.
As for prices, I’m not sure what most people think, but for me, I think the market will only normalize once you can buy a decent condo for 300k and a decent house for 450k.
Perhaps in Irvine, it should be 350k/500k.

Well, if you add the $20k incentive, it brings the prices to:

Residence 1: $354,990
Residence 2: $339,990
Residence 3: $399,990
Residence 5: $414,990
Residence 6: $502,990

That is, of course, purchasing a home with just the standard features. However, if you plan to live there for a while, then you can always add upgrades later. I am constantly looking at comprably sized resale homes in the Tustin and Irvine area and the resale homes I’ve found are still a tad more expensive. Of course, you still have to factor in HOA and Mello Roos.

Side note:
I was sitting at home feeling bad about the cost of housing here one night, when I turned the tv on and watched a program on HGTV about home appraisals. A property (if you can call it that) in New York City was one of the features. It was a 600sq. ft. studio appraised at $650k. Absolutely outrageous! But that’s the standard there for housing. Also, some friends of mine in San Francisco are having an even harder time, so I suppose in retrospect, we have to accept that at some level, we do pay a premium for the area we live in. We will never have Inland Empire pricing.

Orange County’s median will drop to below the IE peak.  So, no we’ll never have IE pricing at the same time.  I’m happy to be patient and eventually get an OC home for less than the previously silly IE price.
SCHB

HS-teacher- higher income doesn’t mean better school. look at laguna beach mediam income.  you would expect top notch school right? anyways…. all i am saying is that tustin border line santa ana too much and that the school gets mix with santa ana. that is all.

Laguna Beach High is actually is a pretty darn good school.  I’m saying that the 92780 Tustin borders central Santa Ana.  The 92782 borders Irvine and the foothills.
Homes in Tustin Ranch are much more expensive than the average Irvine home.
Other than that, it’s a consensus among educators that socio-economics have a significant effect on school performance.
I think that all the following zip codes have better than average schools.

  <colgroup><col 119pt; mso-width-source: userset; mso-width-alt: 5814” span=“2” width=“159”></col><col 119pt; mso-width-source: userset; mso-width-alt: 5814” width=“159”></col></colgroup>
 
     
        City
        Zip
        Income
     
     
        Newport Coast
        92657
        $475,756.71
     
     
        Corona Del Mar
        92625
        $280,317.01
     
     
        Newport Beach
        92660
        $258,733.14
     
     
        Newport Beach
        92658
        $237,335.66
     
     
        Villa Park
        92861
        $209,376.76
     
     
        Laguna Beach
        92651
        $205,514.54
     
     
        Newport Beach
        92661
        $203,042.82
     
     
        Surfside
        90743
        $190,692.95
     
     
        Trabuco Canyon
        92679
        $166,016.54
     
     
        Irvine
        92603
        $162,424.66
     
     
        Newport Beach
        92662
        $148,500.30
     
     
        Newport Beach
        92663
        $148,296.35
     
     
        Irvine
        92623
        $123,654.85
     
     
        San Juan Capistrano
        92693
        $120,910.86
     
     
        San Clemente
        92673
        $113,793.17
     
     
        Laguna Hills
        92653
        $113,668.73
     
     
        Irvine
        92618
        $112,528.04
     
     
        Yorba Linda
        92887
        $111,447.88
     
     
        Tustin
        92782
        $109,949.44
     
     
        Irvine
        92614
        $108,921.20
     
     
        Sunset Beach
        90742
        $107,885.46
     
     
        Fullerton
        92838
        $107,176.71
     
     
        Newport Beach
        92659
        $106,261.94
     
     
        Ladera Ranch
        92694
        $106,059.97
     
     
        Dana Point
        92629
        $103,806.23
     
     
        San Juan Capistrano
        92675
        $101,991.43
     
     
        Laguna Niguel
        92677
        $101,644.82
     
     
        Anaheim
        92817
        $100,574.74
     
 

More asians mean better school.  All the top schools have the highest asian student percentage. 

higher income doesn’t mean better school. look at laguna beach mediam income.  you would expect top notch school right?

I hope… that Irvine schools teach what a capital letter is, and that median is spelled with a N at the end. Not only that, but I hope they teach basic research, and how citing a source is the best way to prove any credibility.

[url=“http://www.ocregister.com/news/county-chart-1969276”]

Here are the SAT results for OC[/url]. I find it interesting, that Laguna Unified has a higher percentage of students with over 1500 scores, than Irvine Unified does. That puts Laguna in the top five schools, with Uni at #1, and CDM (a high income area) at #2.

You can pay your premium for Irvine schools. I on the other hand, will pay a premium for the beach. Either way… it doesn’t matter, most of the time it depends on the parent/s, on how well their kid/s do in school. Those that depend on the schools making their kids great, will be doomed to fail. Granted, the higher percentage over a 1500 score gives a student a better chance, even if the averages are better, but that just means there are a few stand outs that skew the numbers.

Oh… look, OC school of the arts is right there too, higher that Irvine Unified, above Irvine High, and right behind Woodbridge High.

hahahhaaa…... irvine has a 53% above the 1500 mark and laguna has a 55% above. whoa… that is a big difference…. now lets compare the cost of living in laguna beach vs the cost of living in irvine….. i am sure it will cost 2% more and i don’t even need to cite any sources for that info….

anyways sat score  is and can be boost up with prep courses.  which cost a lot of money….

ok graphix you are right about the parent involvement…. and spelling is number 1 prority on this board….. my bad…. hahahaaa

From the data, I deduce that the wealthier schools have MORE students doing well on the SAT.  But the schools with the HIGHER average SAT score are actually not as wealthy.  Thus it appears to me that Newport Beach and Laguna Beach have a population that does well in general due to their affluence.  Whereas the higher scoring schools are all in Irvine.  That simply shows that a segment of students in Irvine is more motivated.  But regardless, ALL the high performing school is at least middle to upper class.  NONE are in working class communities.

What are the working class communities in Orange County?

OK, I will rant about education for a while….....my credentials on this are well…...a lot of education: BS in Chemistry and Math (Appalachian State),  MS Physical Chemistry (Purdue Univ), Ph.D. Physical Chemistry(Wesleyan Univ.), PostDoc(C tal Tech), ExMBA(Stanford)........

What I found was this…...it almost makes not difference where a kid goes to school…...if he/she is motivated and intellectually curious he/she will do well. In my opinion parents that obsess over test scores are barking up the wrong alley. Focus on what you kids are good at and let them figure it out.

Of course, I speak with great authority here…....my oldest son graduated with a remarkable D average from Northwood…because he refused to do homework. Getting A’s on all the tests was not good enough, he had to do mindless homework to show how smart he was. My youngest son sort of got thrown out of school and goes to an alternative school for those that don’t fit in.

So, if you want your kids to be cookie cutter…..Irvine is a great place. Personally, I was not so impressed with Irvine schools.

One last thing…..I was a high drop out.

Correction

One last thing…...I was a high school drop out.

Nano, was that a serious post or were you joking?

I was almost a high drop out, but I stayed in school…

cue no vas’s bud picture.

jcaraway,

Serious post….the story about my son was amazing. He was getting an F in physics his senior year. I called the teacher to find out what was going on….he got an A on all the tests, was doing all the lab work, but did not do 63 out of 63 homework assignments…....earning him an F. I do not know any smart adults that do work if they do not need to…regardless. I think that these sort of rules about homework are dictated by the school district and not the individual teachers.

And Irvine Renter, I did end up going back to high school. I graduated 498th out of 500 hundred students. Its hard to believe that there were two students as bad as I was.

Although I agree that an individual kid can succeed in any environment, I’m observing the community as a whole.
In lower income areas, the average student tend to do much worse than in higher income areas.
Schools in Santa Ana, Garden Grove, Midway City, Anaheim, Westminster, Stanton, etc have below average test scores.

  <colgroup><col 119pt; mso-width-source: userset; mso-width-alt: 5814” width=“159”></col><col 92pt; mso-width-source: userset; mso-width-alt: 4498” width=“123”></col><col 92pt; mso-width-source: userset; mso-width-alt: 4498” width=“123”></col></colgroup>
 
     
        City
        Zip
        Income
     
     
        Santa Ana
        92703
        $27,683.43
     
     
        Santa Ana
        92701
        $29,514.61
     
     
        Garden Grove
        92843
        $31,651.48
     
     
        Midway City
        92655
        $31,949.70
     
     
        Santa Ana
        92704
        $33,185.90
     
     
        Anaheim
        92812
        $34,052.36
     
     
        Santa Ana
        92707
        $34,469.34
     
     
        Westminster
        92684
        $34,503.75
     
     
        Stanton
        90680
        $34,537.31
     
     
        Garden Grove
        92844
        $34,797.97
     
     
        Garden Grove
        92842
        $35,048.23
     
     
        Anaheim
        92801
        $35,181.98
     
     
        Anaheim
        92805
        $35,482.54
     
     
        Anaheim
        92802
        $36,272.88
     
     
        Anaheim
        92814
        $36,764.33
     
     
        Anaheim
        92804
        $36,928.56
     
     
        Garden Grove
        92840
        $36,957.19
     
     
        Fullerton
        92836
        $37,760.87
     
     
        Santa Ana
        92702
        $37,865.28
     
     
        Westminster
        92685
        $37,960.30
     
     
        Anaheim
        92816
        $38,238.46
     
     
        Garden Grove
        92841
        $38,838.52
     
     
        La Habra
        90633
        $38,852.11
     
     
        Anaheim
        92803
        $39,123.52
     
     
        Fullerton
        92832
        $39,835.16
     
 

HS Teacher,

Because teaching is your specialty, I would defer to you about what is best for students in high school.

I can tell you though, that when you get to graduate programs at top tier schools like like Cal Tech, the students come from every sort of background that you could imagine. Some of the best students come from places like villages in shri lanka, china, and missisipi.