September 17, 2012
New Pointe Communities Inc., a Rancho Bernardo builder, recently built this 5-bedroom house on Saxony Road in Encinitas, currently listed for sale at $949,000. Adapting to current market conditions, the builder’s strategy is to build one house at a time and has completed eight new houses this year, and is on track to finish 12, at prices that average about $1 million.
Stories this photo appears in:
PROPERTY: Builders Adjust to the Reality Of Current Market
As vacant land becomes more difficult to find around San Diego, the trend in new home development has been toward building fewer units at a time, say local developers.