REAL ESTATE INDUSTRY NEWS
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7 homes at 3000 The Plaza sell last month
29 units in the luxury high-rise condominium tower in Irvine remain.
By Kristen SchottPublished: March 05, 2010 12:37 PM
Seven homes at the luxury high-rise condo tower 3000 The Plaza in Irvine sold in February. The units, which included three models, were priced between $600,000 and $1.5 million. The building has a total of 105 units, and 29 are still available.
The level of activity last month is yet another positive sign that the new-home industry is improving, and it's a tribute to the popularity of the facility, according to Geoffrey Edmunds, president of Geoffrey H. Edmunds & Associates, which acquired the project last year.
One of the reasons for the activity, according to Edmunds, is a sales plan that focuses on model homes.
"We've noticed a trend of potential buyers having an interest in our decorated models," he says. "So, we started encouraging customers to make an offer."
Another incentive? The facility is currently offering a 3.5 percent rate on a five-year fixed loan.
3000 The Plaza is the third phase of a three-tower condominium project on Jamboree Road. The first two buildings have a total of 202 homes, which are currently sold out. The newest facility boasts the region's only rooftop pool; a fitness club; 12 floor plans; and floor-to-ceiling windows.
Related headlines
Real estate forecast: Time is of the essence for sellers
Fullerton retail center sells for just under $5 million
Strategic Storage buys two out-of-state facilities
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The level of activity last month is yet another positive sign that the new-home industry is improving, and it's a tribute to the popularity of the facility, according to Geoffrey Edmunds, president of Geoffrey H. Edmunds & Associates, which acquired the project last year. One of the reasons for the activity, according to Edmunds, is a sales plan that focuses on model homes. "We've noticed a trend of potential buyers having an interest in our decorated models," he says. "So, we started encouraging customers to make an offer." Another incentive? The facility is currently offering a 3.5 percent rate on a five-year fixed loan. 3000 The Plaza is the third phase of a three-tower condominium project on Jamboree Road. The first two buildings have a total of 202 homes, which are currently sold out. The newest facility boasts the region's only rooftop pool; a fitness club; 12 floor plans; and floor-to-ceiling windows. Related headlines Real estate forecast: Time is of the essence for sellers Fullerton retail center sells for just under $5 million Strategic Storage buys two out-of-state facilities |
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