Real Estate Round Up

February 4, 1999

February 11, 1999

February 18, 1999

Real Estate Roundup

McMillin Cos. reports master-planned Rancho del Rey in Chula Vista boasted 602 sales during the quarter, making it the South County region's sales leader for the fourth year in a row.

Shea Homes' was Rancho del Rey's top new-home seller with the top three neighborhoods. Bolero condominium development was the busiest last year with 119 sales. Bolero was followed by Shea's Sierra neighborhood with 101 sales and its Andalucia with 89.

All three Shea neighborhoods are still active, with 240-unit Bolero offering two- and three-bedroom homes from the low $100,000s and Andalucia with three- and five-bedroom homes from the mid-$200,000s.

On Sunday, Shea will release a portion of the seventh phase at Bolero. The nine units are priced from the $130,000s to the $170,000s. The four two-story floor plans range from 1,025 to 1,355 square feet.

Sierra, however, has only five homes remaining for sale out of a planned 171 that offered four one- and two-story floor plans from 1,412 to 2,017 square feet. Prices for the available homes, including the decorated models, range from $242,990

Several developers sold out neighborhoods in 1998, including Continental Homes' Pamplana, UDC Homes' Pasatiempo, Palmtag-Davis Communities' Sevilla, Cornerstone Communities' Encore and Aspire, Centex Homes' Balla Via and Los Palacios, and McMillin's Altamira.

Other than Shea's three neighborhoods, others currently being marketed at Rancho del Rey include McMillin Homes with its Mallorca starting in the low $200,000s and Castilla in the upper $200,000s, and Rancho del Rey Estates custom homes by McMillin, TopMark Communities and Continental Homes.

Rancho del Rey, which first opened its 1,600 acres for sale in November 1989, is expected to be home to about 4,000 families upon its completion.

Presley Homes plans on Sunday to open the models and 11 homes at its 77-home Knollwood project at the master-planned Castle Creek development north of Escondido. The two-story floor plans range from 1,902 to 2,273 square feet with three- to five-bedrooms. Prices start in the low $200,000s.

Centex Homes reports 20 homes were sold during the first preview weekend at its 75-home Silverado neighborhood at the 5,300-acre Otay Ranch development in the South Bay area. Ten homes remain for sale priced from $198,740 to $220,560. The three- to five-bedroom floor plans range from 1,513 to 1,798 square feet.

Pardee Homes reports a new phase of seven homes has been released for sale at its Steeplechase at Carmel Country Highlands development in the Carmel Valley area. Three four- and five-bedroom floor plans range from 2,273 to 2,607 square feet and are priced from $426,900 to $441,900.

TopMark Communities reports six of 12 homes in the second phase have been sold at its 28-home Augusta Place development at EastLake Greens in Chula Vista. The three- to five-bedroom floor plans range from 3,009 to 3,144 square feet and are priced from $380,000 to $400,000.

Vision Homes Inc. reports five sales at its 10-home custom Indian Trails development in the Green Valley area in Poway. Four homes under construction offer four- and five-bedroom floor plans range from 3,750 to 4,020 square feet and are priced from $669,000 to $795,000. One completed home still unsold is a 4,020-square-foot, single-story floor plan with four bedrooms for $789,000.

Tech-Bilt Inc. has completed construction of 11 homes in the fifth phase of its Bernardo Santa Fe development in Lomas del Lago Estates just north of Rancho Bernardo. All single-story, the three- and four-bedroom floor plans range from 2,205 to 2,801 square feet and are priced from $385,000 to $460,000.

Pardee Homes reports it recently received three awards from the National Sales and Marketing Council for excellence in interior merchandising at its Lexington Homes neighborhood in the Carmel Country Highlands area of San Diego.

One Lexington floor plan received the Gold Award for excellence in merchandising for a model home with an average sales price from $500,000 to $1 million and a regional award for model merchandising. Another Lexington floor plan was recognized with a Silver Award for best interior merchandising of a model home with an average sales price of $500,000 to $1 million.

With as many as six bedrooms, the floor plans at Lexington range from 3,505 to more than 4,600 square feet. Current prices range from $596,900 to $810,000.

Barratt American has released an additional five homes in the fourth phase of its Monterey Collection at Quartz Hill development in Lancaster. Eleven sales took place at the neighborhood's recent grand opening. The three- to six-bedroom floor plans range from 2,498 to 3,365 square feet and are priced from $224,490 to $259,490.

February 4, 1999

February 11, 1999

February 18, 1999