Wednesday, December 1, 2010

Hammers swinging again in Del Sur

Construction in the Del Sur community has picked up substantially in recent months.

A handful of Davidson homes represented the only new construction late last year. There is activity in every corner of the commuity now. That includes the building of two new parks, which will include pools, that are scheduled to open in March.

There are five projects in progress, which will add substantially to the community’s current 600 homes. Shea Homes San Diego is doing two projects — Madeira (single-family detached) and Mandolin (condominiums) — that range in size from less than 2,000 square feet to nearly 2,500 square feet. Standard Pacific’s Bridgewalk (single-family detached) are less than 2,000 square feet and William Lyons Homes’ Pasado (single-family detached) are just more than 2,000 square feet. Homes are priced in the $400,000-$900,000s.

It’s interesting to note that three of the projects are smaller and at a lower price point than many of the homes in the community. That should change as the market continues to recover. In fact, lots now are being prepped adjacent to Monte Alto Terrace and Kristen Glen for a project by Cal West, which is building homes in the 3,000+ square foot range. Also, Davidson has taken over The Sentinels project (left dormant with the demise of John Laing Homes) and will have 17 new homes built in the first half of 2011. These also will be in the 3,000-square foot range and be priced starting in the $800,000s. That's a substantial decrease from the original project, which had homes priced from $1.1 million to $1.3 million when the project first opened three years ago.