NORTH KOREA TOWERS (MARQUEE)

Airport condos undervalued but prices rising sharply

Jul 032012

Irvine: Airport Condos Overview Median home price is $377,000. Based on a rental parity value of $476,000, this market is under valued. Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis increased from $342/SF to $357/SF. Resale prices have been weak for 1 month(s). Price momentum suggests weak prices over the next three months. Median rental rates declined $33 last month from $2,008 to $1,975. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 9 Proprietary Irvine Housing News home purchase analysis 3131 MICHELSON Dr #502 Irvine, CA 92612 $415,000 …….. Asking Price Cost of Home Ownership [Read More...]

North Korea Towers unit for $300,000

Feb 092012

The Marquee at Park Place, otherwise known as the North Korea Towers because there are no lights on at night, is a symbol of the folly of the housing bubble. These towers should never have been built, but their timing was excellent. They sold these units at stupid prices to bagholders who now have lost everything. These are selling for half off, and even at that price, they don’t make sense. – —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- [Read More...]

Hottest Irvine Listings 2-4-2012

Feb 042012

97 SAPPHIRE Irvine, CA 92602 — $385,000 Competing Listings $424,400 103 SAPPHIRE #36 0 miles 3 bd / 2.5 ba 1,469 Sq. Ft. $465,000 109 SAPPHIRE 0 miles 3 bd / 2.5 ba 1,500 Sq. Ft. $419,900 65 SAPPHIRE 0 miles 3 bd / 2.5 ba 1,500 Sq. Ft. $399,500 77 SAPPHIRE #49 0 miles 3 bd / 2.25 ba 1,500 Sq. Ft. $409,000 17 CHANDON Ct 0.05 miles 3 bd / 2.5 ba 1,368 Sq. Ft. $449,000 80 TOPAZ 0.07 miles 3 bd / 2.5 ba 1,497 Sq. Ft. $422,300 29 OLDE BERRY #55 0.09 miles 3 bd / 2.5 ba 1,364 Sq. Ft. $407,500 18 STARWOOD #73 0.12 miles 3 bd / 2.5 ba 1,400 Sq. Ft. $547,500 [Read More...]

North Korea Towers 10th floor under $400,000

Feb 012012

The carnage at the North Korea Towers (Marquee at Park Place) is truly remarkable. Prices have cut in half, and buyers are scarce. The low prices keep moving to higher and higher floors. Now a tenth floor property can be had for under $400,000. When will the carnage end? – —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- — ————————————————————————————————————————————- Proprietary Irvine Housing News home purchase analysis 3141 MICHELSON Dr #1002 Irvine, CA [Read More...]

OC Housing News: Irvine Renter’s new blog

Dec 112011

Welcome to the OC Housing News! After nearly five years of writing for the Irvine Housing Blog, I feel it is time to expand my gaze beyond Irvine to the rest of Orange County. The Irvine housing market does not exist in a vacuum. Properties in nearby communities compete with Irvine for the attention of buyers. To really understand any housing market, we need to review properties and market conditions in surrounding communities. Therefore, this new blog will examine interesting properties in all of Orange County, California. Add to your bookmarks If you like my writing, and if this is your first visit I suggest you take a moment to add ochousingnews.com to your bookmarks. The entertaining and insightful market [Read More...]

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