All 20 homes in a small project by Brandywine Homes have gone into escrow in just five months, reports Jonathan Lansner of The Orange County (Calif.) Register.
The Lakehouse community in Southern California’s Anaheim sold four-bedroom residences at an average price of $790,000. Move-ins start as soon as March. Lansner writes:
The quick sale is part of a growing market for new homes. Brandywine, for example, saw company-wide sales across Southern California grow to 116 last year from 40 in 2015.
Orange County home builders collectively sold 4,690 new homes last year, up 29 percent vs. 2015 and their best year since 2006. Developers grabbed 12.4 percent of all sales vs. 9.9 percent in 2015 – builders’ highest local market share since 2007.