Real Estate Round Up

February 18, 1999

February 25, 1999

April 22, 1999


Real Estate Roundup

Pacific Bay Homes LLC's San Diego division reported sales of 280 homes at its master-planned Rolling Hills Ranch development in east Chula Vista. The sales were out of four new-home neighborhoods since the official grand opening in May 1998.

"We're elated at the sales success of Rolling Hills Ranch," said Liz Jackson, senior vice president of the San Diego division of Pacific Bay Homes. "South County is enjoying are resurgence."

Jackson said buyers perceive South County as a family-oriented area that is convenient to downtown. Families are discovering that Rolling Hills Ranch has a lot to offer, she said, including a new elementary school, community and neighborhood parks, a new recreation center and the opportunity to own a four-bedroom home for less than $300,000.

Rolling Hills Ranch opened with a pair of single-family neighborhoods. Since then, 93 homes have been sold at Madison Lane and 85 at Kensington Road.

In October, another pair of neighborhoods opened. At Pepperwood Way, 55 new homes have been sold since then, and 47 have been sold at Valencia Point.

Pepperwood in nearing closeout of its 62 three- and four-bedroom, 1,299 to 1,817-square-foot homes. Prices start in the upper $180,000s.

Madison Lane homes offer floor plans of 1,469 to 2,010 square feet with three and four bedrooms priced from the $190,000s.

Kensington Road has floor plans from 1,675 to 2,447 square feet with three and four bedrooms priced from the low $200,000s.

Valencia Point floor plans range from 2,063 to 2,856 square feet with three to five bedrooms priced from the $250,000s.

To date, 109 families have moved into new homes at Rolling Hills Ranch. When completed, the master-planned development will have more than 2,600 homes in 13 neighborhoods.


The Corky McMillin Cos. reports a total of 196 homes sold in five separate neighborhoods last year at its Temeku Hills Golf and Country club in Temecula.

"The entire Riverside County flourished in 1998 with increased jobs, low unemployment rates and a strong real estate market," said Sandra Perlatti, senior vice president at The Corky McMillin Cos. "Temeku Hills was no exception to the prosperity."

In 1998, McMillin's Fairway Point, the first Temeku Hills neighborhood to open, sold out; Shea Homes San Diego expanded its Ironwood project in response to fast-paced sales; and three new neighborhoods were opened.

Shea's Ironwood was 1998's top seller with 96 transactions. McMillin's Fairway Point had 38 sales, and its Sunrise had 53 transactions. Of the pair of neighborhoods opened near the end of the year by McMillin, Riviera had eight sales and The Masters had one in 1998 with three more this year.

Riviera will have 118 homes in four one- and two-story floor plans from 1,836 to 2,583 square feet with two to three bedrooms. Prices range from the $180,000s.

The Masters has 24 homes planned in four one- and two-story floor plans from 2,515 to 3,557 square feet with three to five bedrooms. Prices start in the low $300,000s. McMillin will hold a grand opening on Saturday with model homes.

Sunrise will total 73 homes in three one- and two-story floor plans from 1,726 to 2,584 square feet with two to six bedrooms. Prices start in the $170,000s.

Ironwood offers six floor plans from 1,424 to 1,981 square feet with three and four bedrooms. Prices start in the $160,000s. Shea will release on Sunday the sixth phase. The 20 homes will range from $154,990 to $194,990.

Temeku Hills will build out at 1,350 homes.


Shea Homes San Diego will release on Sunday the third phase of its Daybreak neighborhood at master-planned 707-acre Sunbow in the South County area. The 17 homes are priced from the $200,000s. Daybreak will total 117 homes in four one- and two-story floor plans from 1,587 to 2,518 square feet with three to six bedrooms.


Brookfield Homes reports eight of 11 homes released Feb. 20 at its 55-home Waterford at the Lake in Scripps Ranch Villages, San Diego, have been sold. The fourth phase homes were priced from $517,000 to $971,000. The five homes currently available are priced from the $700,000s. Waterford's one- and two-story floor plans range from 3,255 to 4,301 square feet with four to six bedrooms.


TopMark Communities reports 11 homes have been sold out of 34 planned at its StoneRidge Estates in Alpine. Five floor plans range from 3,028 to 3,727 square feet with three and four bedrooms. Prices range from $372,990 to $489,990.


Ryland Homes reports 35 sales at its Rancho San Vicente in Ramon in the first five weeks after the grand opening. Third-phase homes currently selling are priced from $224,990 to $254,650. The 241-home development offers three single-level floor plans from 2,011 to 2,455 square feet with three and four bedrooms.


TopMark Communities reports 11 homes have been sold out of 28 planned at its Augusta Place neighborhood at EastLake Greens in east Chula Vista. The floor plans range from 3,009 to 3,144 square feet with three to five bedrooms priced from $380,000 to $400,000.


February 18, 1999

February 25, 1999

April 22, 1999