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Irvine Housing Blog


Irvine Housing Blog
Blogging about the latest in housing related topics for the master planned City of Irvine. Read about flips gone bad, sales trends, new home developments, and much more! Check out our community forums too!
Articles: 1, 2, 3, 4, 5, 6, 7

Articles

A Tall Oak Tale ** Update 2 **
2008-01-20 12:30:00
We have a sale to report. 111 Tall Oak was asking $659,000 in the summer finally sold for $590,000. The unit was purchased on 3/6/2006 for $725,000. That is 18.6% loss in less than 2 years not including commissions. Basically, the second mortgage was a complete loss. It looks as if our seller at 111 Tall ...
More About: Update , Rollback , Tale
WOT 1-19-2008
2008-01-19 12:33:00
Weekend Open Thread
More About: News , 2008
Salton ** Update 1 **
2008-01-19 12:30:00
Big price reduction to start the new year. The price dropped from $560,000 to $495,000. Prices are plunging… Christmas time is here again Christmas time is here again Christmas time is here again Christmas time is here again Ain’t been round since you know when Christmas time is here again O-U-T spells “out” Christmas Time is Here Again — The Beatles . . ...
More About: Update , Alton
The Beast
2008-01-18 12:30:00
I left alone my mind was blank I needed time to think to get the memories from my mind What did I see can I believe that what I saw that night was real and not just fantasy Just what I saw in my old dreams were they reflections of my warped mind staring back at me ‘Cos in my dream ...
More About: Rollback , Beast
Angel
2008-01-17 12:30:00
I sit and wait does an angel contemplate my fate and do they know the places where we go when we´re grey and old ´cos I´ve been told that salvation lets their wings unfold so when I’m lying in my bed thoughts running through my head and I feel that love is dead I’m loving angels instead and through it all she offers me protection a lot ...
More About: Angel
Shelter
2008-01-16 12:30:00
Well alright, you gave it all up for a dream Fate proved unkind, to lock the door and leave no key You’re unsure, Well baby I’m scared too When the world crushes you Let me be your shelter, shelter From the storm outside Let me be your shelter, shelter From the endless night Disillusion has an edge so sharp It tears at your soul and leaves ...
More About: Shelter
Show Me
2008-01-15 12:30:00
Well, I can see no reason, You’re living on your nerves. When someone drops a cup and I submerge. I’m swimming in a circle. I feel I’m going down. There has to be a fool to play my part. Show Me the Way — Peter Frampton . . Today I want to show you how to chase the market down. Sometimes I feel sorry ...
More About: Rollback
Rent Versus Own
2008-01-14 12:30:00
Talking to myself and feeling old Sometimes I’d like to quit Nothing ever seems to fit Hangin’ around, nothing to do but frown Rainy days and mondays always get me down What Ive got they used to call the blues Nothing is really wrong Feeling like I don’t belong Walking around some kind of lonely clown Rainy days and mondays always get me down Rainy ...
More About: Versus , Rent
WOT 1-12-2007
2008-01-13 13:18:00
Weekend Open Thread Since we are getting so many comments lately, and since our update posts recycle these comments, it has been suggested we create an open thread for weekend discussion. Here you go.
More About: News
House Price to Income
2008-01-13 12:30:00
This is what people are referring to when they say prices revert to the mean. You can clearly see the bubble of the late 80s and the price deflation that followed. You can also get a sense of the magnitude of our current bubble. . . Just for fun today, I want to share a couple of items ...
More About: News , House , Income , Price
WOT 1-12-2007
2008-01-12 18:18:00
Weekend Open Thread Since we are getting so many comments lately, and since our update posts recycle these comments, it has been suggested we create an open thread for weekend discussion. Here you go.
More About: News
Duet ** Update 1 **
2008-01-12 13:30:00
This was first posted on September 11, 2007. Now our desperate sellers are considering becoming floplords. They haven’t moved much on the price, but now they are offering the unit for rent at $2,395. If this is a fair rental rate (it probably is), then the property is worth about $382,300 with a gross rent ...
More About: Update
Carnage
2008-01-11 12:30:00
Trapped in purgatory A lifeless object, alive Awaiting reprisal Death will be their acquisition The sky is turning red Return to power draws near Fall into me, the sky’s crimson tears Abolish the rules made of stone Raining Blood — Slayer . . Trapped in the purgatory of their home, awaiting repossession, the slow death of bank acquisition. The sky is falling; it is raining blood; ...
More About: Carnage
Lonetree
2008-01-10 12:30:00
The heart is a bloom Shoots up through the stony ground There’s no room No space to rent in this town You’re out of luck And the reason that you had to care The traffic is stuck And you’re not moving anywhere Beautiful Day - U2 We are running out of land. There’s no room, no space to rent in this town. You’re ...
Northwood Pointe Cottages
2008-01-09 12:30:00
Beyond the horizon of the place we lived when we were young In a world of magnets and miracles Our thoughts strayed constantly and without boundary The ringing of the division bell had begin Along the long road and on down the causeway Do they still meet there by the cut The grass was greener The light was brighter With friends surrounded The night ...
More About: Rental , Rollback , Northwood , Ages
Seron Aid
2008-01-08 12:30:00
Did you see the lights As they fell all around you Did you hear the music A serenade from the stars Wake up, wake up Wake up and look around you We’re lost in space And the time is our own Did you feel the wind As it blew all around you Did you feel the love That was in the air The sun ...
The Fallacy of Financial Innovation
2008-01-07 12:30:00
And the hardest part Was letting go not taking part Was the hardest part And the strangest thing Was waiting for that bell to ring It was the strangest start Everything I know is wrong Everything I do it just comes undone And everything is torn apart Oh and thats the hardest part Thats the hardest part Yeah, thats the hardest part Thats the hardest part The Hardest ...
More About: Financial , Innovation , Fallacy , Alla
Stillwater
2008-01-06 12:30:00
We all came out to montreux On the lake geneva shoreline To make records with a mobile We didnt have much time Frank zappa and the mothers Were at the best place around But some stupid with a flare gun Burned the place to the ground Smoke on the water, fire in the sky They burned down the gambling house It died with an awful ...
More Price to Rental Data
2008-01-05 17:30:00
I was just guessin?, At numbers and figures, Pullin? the puzzles apart Scientist — Coldplay . . Do you remember this post on the Price -to-Rental Ratio? Well, Calculated Risk has done another post regarding this issue. If you are not a regular reader of Calculated Risk, I highly recommend the blog. Their latest post contains two great charts I want ...
More About: Analysis , Data
Already Gone
2008-01-04 12:30:00
Well, I heard some people talkin? just the other day And they said you were gonna put me on a shelf But let me tell you I got some news for you And you?ll soon find out it?s true And then you?ll have to eat your lunch all by yourself ?cause I?m already gone And I?m feelin? strong I will sing this ...
More About: Rollback
Almost 2003
2008-01-03 12:30:00
She’s a brick—-house Mighty mighty, just lettin’ it all hang out She’s a brick—-house The lady’s stacked and that’s a fact, ain’t holding nothing back. She’s a brick—-house She’s the one, the only one, who’s built like a amazon We’re together everybody knows, and here’s how the story goes. Brick House — The Commodores You don’t see much brick in Irvine. This property has a brick ...
More About: Rollback
Springflower
2008-01-02 12:30:00
Its rainin but there aint a cloud in the sky Must of been a tear from your eye Everythingll be okay Funny, thought I felt a sweet summer breeze Must of been you sighin so deep Dont worry were gonna find a way Im waitin, waitin on a sunny day Gonna chase the clouds away Waitin on a sunny day Waitin’ on a ...
More About: Rentals
Predictions for 2008
2008-01-01 12:30:00
Slow Ride, take it easy Slow Ride, take it easy Slow Ride, take it easy Slow Ride — Foghat . . When I started writing for this blog, I wrote a series of posts culminating in Predictions for the Irvine Housing Market published on March 11, 2007. It seems only fitting to take this opportunity to take a look ahead at ...
More About: 2008
Auld Lang Syne
2007-12-31 12:30:00
Should auld acquaintance be forgot, And never brought to mind? Should auld acquaintance be forgot, And auld lang syne? CHORUS: For auld lang syne, my dear, For auld lang syne, We’ll tak a cup of kindness yet, For auld lang syne! And surely ye’ll be your pint-stowp, And surely I’ll be mine, And we’ll tak a cup o kindness yet, For auld lang syne! We twa hae run ...
More About: News
Irvine home prices and sales for November
2007-12-30 12:30:00
ZIP Median Change Sales Change 92602 $662,000 -23.9% 8 -78.4% 92603 $760,000 -29.3% 22 ...
More About: News , Home , November , Irvine
Serissa - Why pay more here when you can get a brand new home (exact floorp
2007-12-29 12:30:00
Originally posted January 27, 2006 Address: 52 Tea Garden, Irvine, CA 92620 (Northwood) Plan: 1600 sq ft - 3/3.5 MLS: S442227 DOM: 246 Sale History: 11/27/2004: $754,000 Price Reduced: 06/13/06 — $899,000 to $859,000 Price Reduced: 06/24/06 — $859,000 to $848,000 Price Reduced: 07/17/06 — $848,000 to $819,000 Current Price: $819,000 First, we’ll look at the flip. Here we’ve got a Plan 1 ...
More About: Home , Brand
REO in San Juan Bautista (Irvine)
2007-12-28 12:30:00
Address: 28 Bolinas, Irvine , CA 92602 Plan: 3 - 1622 sq ft - 3bd/2ba MLS: S516101 DOM: 4 Sale History: 12/4/2007: $638,586 (back to the bank) 9/9/2005: $680,000 6/11/2004: $675,000 Current Price: $529,900 This Plan 3 in the San Juan Bautista tract in Northpark went back to the bank earlier this month. At the current asking price, the bank ...
REO in San Juan Bautista (Irvine)
2007-12-27 20:45:00
    Address: 28 Bolinas, Irvine , CA 92602 Plan: 3 - 1622 sq ft - 3bd/2ba MLS: S516101 DOM: 4 Sale History: 12/4/2007: $638,586 (back to the bank) 9/9/2005: $680,000 6/11/2004: $675,000 Current Price: $529,900 This Plan 3 in ...
More About: Juan
More Avenue One Price Drops
2007-12-27 12:30:00
Address: 1124 Scholarship, Irvine, CA 92612 Plan: 1A 725 sq ft - 1/1 MLS: P609516 DOM: 46 Sale History: none Current Price : $334,990 See our previous posts on Avenue One. This brand new home is for sale by the builder, K Hovnanian. The builder listed a similar property in October 2006 for $396,990 which translates to ...
Parklane - Will this Woodbridge Flipper Succeed? - UPDATE #1
2007-12-26 12:30:00
Originally posted on October 16, 2006 Address: 7 Chenile, Irvine, CA 92614 (Woodbridge) Plan: 2201 sq ft - 4/2.5 MLS: S442943 DOM: 137 Sale History: 4/27/2006: $885,000 9/17/2003: $665,000 Price Reduced: 07/11/06 — $1,045,000 to $999,000 Price Reduced: 08/02/06 — $999,000 to $979,000 Current Price: $979,000 Our flipper purchased this Plan C in the Parklane tract in Woodbridge earlier this year and then ...
More About: Update
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