Comments on: Reduced Yet Desirable Condos in Orange

By: Julie Lance

Julie Lance — Thu, 10 Jul 2008 21:23:59 +0000

Good points… we’ll see what it sells at. Maybe your expectations are in line with the market, maybe not… however, I do also expect to see a couple more price reductions on this one.

By: Talyssa

Talyssa — Thu, 10 Jul 2008 20:41:00 +0000

Julie, I do agree with you that everything about it looks really great, way more desirable than a regular 1br but I expect that pricing trends are trending across ALL levels. So if 1br 1ba condos with attached garages are in general taking a 20% (making up numbers here) hit, I would expect this one to take a 20% hit too — evne if the final price is still higher than those others.

Its actually a great find though, and i’m glad you posted it, because the 1 and 2 br condo market is absolutely FLOODED right now, and most of what’s out there is chaff. Cheap apartment conversions and such. Its hard to figure out a way to filter out all that and find the condos that are also homes.

By: Dancing on the Graves of Mortgage Lenders | Redfin Orange County Sweet Digs

Dancing on the Graves of Mortgage Lenders | Redfin Orange County Sweet Digs — Thu, 10 Jul 2008 16:46:11 +0000

[...] Redfin posts: Reduced Yet Desirable Condos in Orange Tustin: Buy New with Builder Incentives, or Buy Old for Cheap? Mission Viejo Trabuco Hills Throws [...]

By: Julie Lance

Julie Lance — Wed, 09 Jul 2008 17:37:10 +0000

Talyssa,

I have to tend to agree. I debated putting it on my list since, at first, I thought the price was a hair high. However, the square footage, location, and garage made me think otherwise. Regardless of what I think, it’s what will sell… and this one ain’t sellin’!

By: Talyssa

Talyssa — Wed, 09 Jul 2008 17:30:18 +0000

that 1br condo exibits an owner with a SERIOUS case of denail. Look at all of those tiny price drops — but the price is still BARELY lower than what he paid for it in 07. A 10% drop when all the other condos in OC have dropped like 30%?

The watermarke condos in irvine (smaller and not as nice but on that oh-so-desirable irvine/newport border) have dropped over 100,000k since 2006. This one looks much nicer than those (IMO) but still. Delusional. Its higher than the zestimate even, and those seem run on the high side for condos.