Real Estate Round Up

March 23, 2000

March 30, 2000

April 6, 2000

Real Estate Roundup

The Otay Ranch Co., master developer of the 5,300-acre Otay Ranch in the South Bay area, reports more than 500 homes have been sold since the April 1999 opening.

The newest village of Countryside offers five neighborhoods, all by Pacific Coast Communities.

The village of Heritage offers homes and 31 models from five builders; Shea Homes San Diego, Centex Homes, William Lyon Homes, Standard Pacific Homes and Trimark Pacific Homes.

The Corky McMillin Cos. and Brookfield Homes report more than 150 homes have been sold in the first year of their 820-acre Calavera Hills community in Carlsbad. The first neighborhood opened in June 1999 and three more have debuted since then.

The top seller was Barrington by Brookfield with an average of 10 sales per month for a total of 34 since January.

McMillin Homes' Capistrano and Nantucket neighborhoods are averaging approximately five sales per month. The fourth neighborhood, Sheffield, is the latest addition.

Barrington offers a trio of two-story floor plans from 1,957 to 2,287 square feet with three and four bedrooms priced from the low $290,000s.

Planning is currently under way on the 233-acre second phase of Calavera Hills. Approximately 700 homes are planned.

Pardee Homes has released the final phase at Crown Homes in Pacific Ridge in San Diego. After nearly three years, more than 300 homes have been sold.

When the project opened in February 1997, first phase prices ranged from $219,990 to $309,990. Prices for the final phase range from $358,900 to $520,900.

Centex Homes on Saturday will release nine homes as the first increment of the sixth phase at its Chaparral neighborhood at Otay Ranch. Prices will range from the mid-$200,000s. Chaparral will offer 146 homes in three floor plans from 1,875 to 2,098 square feet with two to five bedrooms.

Shea Homes San Diego on Sunday will release eight homes as the second half of the eighth phase at its Daybreak neighborhood in Sunbow. Prices range from $227,900 to $268,900. The expanded neighborhood, with 24 additional homes, will build out at 136. The four one- and two-story floor plans range from 1,587 to 2,518 square feet with three to five bedrooms.

Fieldstone Communities has released 10 homes as the fourth phase of its Monterey Ridge at EastLake Trails in Chula Vista. Prices range from $258,990 to $291,990. Thirty-six homes have been released since the December 1999 grand opening. Four of the fourth-phase homes have been sold. Three floor plans range from 2,356 to 2,872 square feet with three to five bedrooms.

Reynolds Communities reports its 14-home Sun Crest development in Alpine is half sold before the grand opening. The single-story floor plans range from 2,519 to 2,834 square feet with four bedrooms. Prices range from the mid-$300,000s.

Ryland Homes reports 178 of a planned 322 homes have been sold at Twin Oaks Valley Ranch in San Marcos less than a year since opening. Fourteen homes were sold over a three-week period in March. Two neighborhoods, Monterey and Highlands, are priced from $272,990 to $385,960. Floor plans range from 1,973 to 3,172 square feet.

Linway Development reports half the homes in its Saddlehill community in east San Diego County's Blossom Valley have been sold. The remaining eight range from 1,791 to 2,330 square feet with three and four bedrooms. Prices start at $247,900.

Barratt American reports 132 of a planned 150 homes at its Mirada on the Green neighborhood at Moreno Valley Ranch in Moreno Valley have been sold. Current prices range from $199,990 to $247,990.

Barratt American on Sunday will hold a grand opening for the models at its Olive Hill Ranch community in Murrieta. The builder reports that a dozen homes have already been sold during a presales period. Prices range from $430,990 to $465,990.

March 23, 2000

March 30, 2000

April 6, 2000