Western Pacific Housing of Los Angeles reported closing sales on 1,712 single-family homes in fiscal1999, topping its own projections. The company said the sales represented revenues of $555 million for the fiscal year ended March 31, 2000.
The seven-year-old company is the seventh-largest homebuilder in the state. In this year's first quarter, Western Pacific was ranked sixth in volume in San Diego County, with 110 sales representing 3.99 percent of the market, according to MarketPoint Realty Advisors, a real estate information company. Outside of San Diego, Western Pacific builds in the Los Angeles/Ventura county area, the Inland Empire, Orange County, the San Francisco Bay Area, and Sacramento.
Craig Manchester, president of Western Pacific, attributed the company's success to building homes for the entry-level and move-up markets, and to the homebuilder's Web site, www.westernpacifichousing.com, which has significantly cut transaction time.
Shea Homes San Diego reports 212 home sales at its Andalucia since the opening two years ago. The Rancho del Rey neighborhood in Chula Vista will release on Sunday eight homes as the first part of the eighth phase. Prices will start in the high $200,000s. The neighborhood is planned for 256 homes in five one- and two-story floor plans from 2,213 to 2,871 square feet with three to five bedrooms.
Pardee Homes will release the four models at its Promontory in Del Mar Highlands. Promontory has sold 172 homes since it opened in June 1994. The models range from 3,157 to 4,015 square feet with four and five bedrooms, and are priced from $874,750 to 1,064,350.
Barratt American reports 39 recent sales at its Beachwood in Oceanside, and the recent release seven homes as the ninth phase there. The release is priced from $319,900 to $372,900. A trio of models is also on the market from $345,990 to $409,990. The floor plans range from 2,343 to 2,963 square feet with four or five bedrooms.