New home lot supply drops to cycle lows
Around the country, the most expensive housing markets are always in need of attainably-priced housing, but lower prices can sometimes translate into lower quality—not in San Diego’s South County. Our Vice President of Advisory Adam McAbee recently visited a number of actively selling new home communities in this submarket to understand how local builders are matching demand for new housing with the need for affordability, and, more importantly, how they are creating great places to live.
The video above illustrates what he learned while visiting a total of seven product lines by three builders, all of which opened in 2016, are priced under the county’s FHA loan limit, and are selling well. The product lines are generally dense (particularly by suburban standards), but they are also high quality with creative, livable floorplans and more “wow” than one might expect given the price point. The projects visited include Sea Glass and Blu Strand by Shea Homes, Luna and Azul by Pardee Homes, and Evo, Trio and Metro by Meridian Communities.
Some of the key takeaways include:
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Adam McAbee, Vice President – Advisory San Diego
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