Residential land prices in San Diego County are trending up! Check out the San Diego Business Journal article this week, where Land Advisors’ Senior Marketing Consultant, David Landes, discusses the County’s residential (single family & multi-family) land trends. READ HERE: San Diego Business Journal Article
Public and private homebuilders and developers are showing strong interest in big residential projects throughout San Diego County. Land Advisors is receiving a large number of inquiries from around the U.S. and abroad for the Lakes above Rancho Santa Fe, a 248-lot project in the Santa Fe Valley.
Heard on the Street: Davidson Communities, who has been building homes in the Carmel Valley corridor for nearly 30 years, is rumored to be under contract to sell a portion of its Fairbanks Country Villa project.
The San Diego South Bay market (Chula Vista) is starting to heat up. Builders and developers are working on future residential projects in anticipation of an economic turn.
New home projects in Coastal San Diego are doing well. City Ventures and K. Hovnanian have recently started building communities. Look for sales flags in Leucadia and Carlsbad.
Multi-family product remains hot. Watch for a few cities to start considering re-zoning land from industrial and commercial use to residential use.
Redevelopment funds: Builders and developers need to continue to pressure their politicians to fight for redevelopment funds which are threatened by Sacramento. This will have a big effect on future downtown San Diego development and potential relocation of the San Diego Chargers NFL team.
Source: David Landes, Senior Marketing Consultant, (858) 568-7428