The new home development in south Orange County named Rancho Mission Viejo is getting ready to add another 242 homes to the community. The Rancho Mission Viejo development is currently on phase 2 of it's build which its calling the village of Esencia. The 3 new collections of homes are from builders Meritage Homes and Del Webb. The Modena neighborhood from Meritage Homes has 118 paired homes ranging from 1,479 to 1,962 square feet. Priced from the $500,000s. The Vida neighborhood from Del Webb is age restricted 55+ and has 62 one- and two-story homes ranging from 1,279 to 2,006 square feet. They're priced from the $600,000s. The Alma neighborhood is also age restricted 55+ and built by Del Webb and has 62 one- and two-story “active adult” homes ranging from 1,827-to-2,476 square feet. These homes are priced from the $700,000s.
Builders sold 11 percent of the homes purchased in Orange County in this year’s first nine months. That’s the same share as 2016 but off from the recent high of 12 percent in 2014 and the 14 percent average between 1988 and 2007. Orange County needs all the new housing options it can get, so even freshly built high-end chateaus help a bit. But perhaps a more challenging selling environment is nudging builders to seriously think about offering choices lower down on the price spectrum. If you're interested in taking a look at these new homes and want a realtor to guild you along in the purchasing process give us a call 949-412-3515.