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Thursday, Feb 22, 2024

Shea Homes Can Say They’re Still No. 1 in Local New-Home Sales

Shea Homes San Diego, the local division of Walnut-based Shea Homes, remained the No. 1 San Diego homebuilder in MarketPointe Realty Advisors’ Top 25 Builders list for the third quarter. The report, released late last month, is based on net sales of new homes and condominium conversions.

The national homebuilder sold 275 new homes from July through September, picking up 4.92 percent of the total market sales of 5,589. During the second quarter, Shea sold 233 new homes of the 4,525 homes sold locally, also placing the company No. 1 in the rankings.

“We have made good progress in terms of keeping up our conversion rate and attracting broker sales, and we look forward to the fourth quarter, which will yield the results of our Click and Save Year-End Sale,” said Vanessa Linn, director of sales for Shea Homes San Diego, in a third-quarter results announcement.

Shea’s Click and Save Year-End Sale is a price reduction of select homes in cities including Carlsbad, Chula Vista, Escondido, San Diego and San Marcos. Interested home buyers can visit Shea’s Web site to place an inquiry about the reduced prices.

Staying strong at second place was Newport Beach-based William Lyon Homes, with 4.85 percent of the sales in the third quarter. William Lyon had just four fewer new-home sales than Shea Homes.

Rounding out the top 10 were Los Angeles-based Pardee Homes, Irvine-based Standard Pacific, Miami-based Lennar Homes, San Diego’s Pacifica Cos., New Jersey-based K. Hovnanian, San Diego-based Maisel Presley Inc., Villa La Jolla Gardens LLC of San Diego and Pulte Homes of Bloomfield Hills, Mich.

MarketPointe Realty Advisors is a San Diego-based real estate market analyst and consulting service.

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College Football And Housing Prices:

San Diego is one of the nation’s most expensive college football cities in which to buy a house, according to a report from Coldwell Banker Real Estate LLC distributed Nov. 6.

Coldwell Banker, a New Jersey-based, full-service real estate provider with offices in San Diego, ranked the city as the ninth most expensive town of the 119 Division I Football Bowl Subdivision (formerly called Division I-A) markets.

The third annual Coldwell Banker College Home Price Comparison Index found that Muncie, Ind., home to Ball State University, ranks as the most affordable town in the nation among the top-tier college football cities. A 2,220-square-foot, four-bedroom, single-family home averages $150,000 in Muncie.

Palo Alto, home to Stanford University, was the nation’s most expensive college town, where a similar home would cost $1.68 million. In San Diego, the average price is $618,750, according to Coldwell Banker.

“College towns remain popular destinations, whether buyers are first-time homeowners or alumni looking for great retirement spots,” said Rick Hoffman, president and chief operating officer of Coldwell Banker Residential Brokerage in the San Diego, Temecula Valley and Desert regions. “School spirit draws many alumni back to their alma mater and for others, continuing their education, pursuing jobs, enjoying cultural activities and following college sports make these communities ideal hometowns.”

Other cities on the most expensive list are Chestnut Hill, Mass.; Los Angeles; and Honolulu.

The most affordable list includes Fort Worth, Texas; Tulsa, Okla.; and Houston.

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A Benchmark Opening:

Poway-based Benchmark Landscape Inc. announced the opening of a third yard and warehouse facility Nov. 6. The 1.3-acre site in Spring Valley will be used to enhance service to San Diego’s South and East County regions, according to John Mohns, president of Benchmark.

The landscape installation and maintenance services business did not disclose the cost of opening the facility. Benchmark also has facilities in San Marcos and Poway.

Mohns said the new Spring Valley yard will provide additional storage space for materials, supplies and equipment, as well as a shorter commute for many of the company’s 200-plus employees.

“The opening of our new South County yard means that Benchmark now has the ability to arrive at nearly every job site throughout San Diego County and even some southern Riverside County job sites within about a 30- to 45-minute time frame,” he said. “Being closer to the job sites and reducing transportation costs will mean greater benefits for all of our clients. With the high price of gasoline, our new South County presence could not have come at a better time.”

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Award-Winning Work:

The San Diego chapter of the Associated General Contractors of America Inc. presented six awards for outstanding construction projects at AGC’s Build San Diego awards banquet Nov. 1.

Top awards were given to several local contractors. The winners included San Diego-based Barnhart Inc., for building a new campus, a $129 million project, at Lincoln High in the San Diego Unified School District.

Vista-based Sierra Pacific West Inc. was recognized for its work on Fletcher Cove Park in Solana Beach, and Ramona-based R.A. Burch Construction Co., for upgrades on a military hangar, also won.

Spring Valley’s Casper Co. was honored for renovations to Shamu Stadium at SeaWorld San Diego. Construction workers demolished a portion of the stage piece by piece and between shows held throughout the day.

In addition to the outstanding construction projects, nine merit awards and three special build awards were presented by the AGC, a trade association for the construction industry.

Send real estate news to Michelle Mowad at


. She may also be reached at (858) 277-6359, ext. 3109.


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