Real Estate Round Up

August 20, 1998

September 10, 1998

September 17, 1998


Real Estate Roundup

Ryland Homes has reported a sellout at its Portofino at Ocean Hills development in Oceanside. The project opened for sale in October 1996 and maintained a pace of about 10 sales per month. Originally planned for a three-year buildout, the last contract was signed in mid-August, just 22 months after the sales began. Ryland offered two detached home product lines in Portofino. At the opening in 1996, the Arcadia Series was priced from $194,990 and the Agora Series from $224,990. As the closeout approached, Arcadia was priced from $205,990 and Agora from $249,990. The single-level Arcadia homes had floor plans from 1,482 to 1,646 square feet with two bedrooms. The one-and two-story Agora residences have two bedrooms and range from 1,754 to 2,368 square feet. Ocean Hills was originally developed and marketed by Leisure Technology in the 1980s.


McMillin Land Development reports sales are up more than 80 percent over last year's mid-year figures at the Orangecrest Hills development in Riverside County. Continental Homes' Moonlight Ridge is leading the way with 51 total sales this year. The four two-story, three- to six-bedroom floor plans range from 2,401 to 3,270 square feet and are priced from the $170,000s. UDC Homes' Orange Crest Landing has posted 38 sales thus far. The project has three two-story, four- and five-bedroom floor plans ranging from 2,038 to 2,398 square feet. prices range from the $150,000s. Richmond American Homes has posted 25 sales since it opened in March. The 132-home Crossroads development offers three one- and two-story, three- to five-bedroom floor plans ranging from 1,776 to 2,050 square feet. Prices range from the $160,000s. A fourth project called Starlight Ridge is scheduled to open this fall. That 120-home development will feature single- and two-story floor plans ranging from 1,300 to 1,750 square feet. Prices are expected to range from the $130,000s.
Lucas & Mercier Development reports a grand opening is to be held Saturday and Sunday at its Stratford Place project at Shadowridge in Vista. The pair of two-story floor plans range from 1,868 to 2,475 square feet and offer three and four bedrooms. Prices will start from the mid-$200,000s.
McMillin Homes is planning a grand opening of model homes and a start of sales at its Trails and Willows projects in Scripps Ranch Villages. Trails will have 87 homes at buildout. The three two-story, three- and four-bedroom floor plans range from 2,274 to 2,571 square feet. The prices will range from the high $200,000s. Willows, which will have 154 homes upon completion in four two-story floor plans, will offer four- and five-bedroom layouts ranging from 2,257 to 2,828 square feet. Prices will start at about $300,000.
Barratt American reports preview sales have begun at its 42-home Venezia Del Mar development overlooking the San Dieguito Valley in San Diego. The two-level, three- to five-bedroom floor plans range from 3,041 to 3,740 square feet and are priced from $610,000 to $750,000. Two homes reportedly have been sold off blueprints in the first weekend.
Brookfield Homes has tapped Bravado Design of San Diego as the interior designer for the model home complex of Harvest at Chase Ranch in master-planned South Corona. The one- and two-story homes designed by The Case Group of Solana Beach, have four- and five-bedroom floor plans ranging from 2,100 to 3,150 square feet. The prices are expected to start in the $180,000s.
Ryland Homes reports seven residences remain for sale in the ninth phase of its Courtyards development at The Colony in Murrieta. The two- and three-bedroom floor plans range from 1,495 to 1,764 square feet and are priced from $162,990 to $187,990.
Barratt American has announced plans for The Vintage Collection, a planned 123-home development on minimum one-half acre lots in Rancho Cucamonga. The three- to five-bedroom floor plans range from 2,869 to 3,600 square feet and are priced from the mid-$300,000s.


August 20, 1998

September 10, 1998

September 17, 1998