Meritage Homes, a prominent homebuilding company based in Arizona, has recently launched an exciting sales campaign in Southern California. The campaign introduces four new communities that will eventually feature a total of 691 new residences.
As part of their expansion in the region, Meritage Homes plans to sell 20 new-home communities, with 13 of them making their debut this year. These new communities will offer potential homeowners a wide range of options and amenities. Let’s take a closer look at each community:
1. Beaumont: The “Fairways” community will consist of 287 single-family homes ranging from 1,628 to 3,247 square feet, offering up to five bedrooms. Prices for these homes start in the $500,000 range.
2. Lake Elsinore: Meritage Homes presents the “Hilltop” and “Highland” communities at Nichols Ranch, which will offer 168 single-family homes. These homes will range from 2,020 to 2,948 square feet and can accommodate up to five bedrooms. Prices at Hilltop will start in the high-$500,000s, while Highland will start in the low-$600,000s.
3. Pomona: The “Stratus” community in Pomona will consist of 152 three-story townhomes. These townhomes offer 1,217 to 1,791 square feet of space and can have up to three bedrooms. Prices for these modern townhomes start in the mid-$500,000s.
4. West Covina: The “West Cameron” community in West Covina will offer 84 three-story townhomes, ranging from 1,216 to 1,781 square feet and up to three bedrooms. Prices for these townhomes start in the low-$600,000s.
The housing market in Southern California has seen a temporary decline in new home sales, with a reported 35% decrease compared to the previous year, according to CoreLogic. Despite this, the median sales price for these new residences has increased by 0.7%, reaching $716,500.
Overall, Meritage Homes’ entrance into the Southern California market with these new communities presents an exciting opportunity for potential buyers looking for quality homes in sought-after locations. For more information, please contact Jonathan Lansner, the business columnist for the Southern California News Group, at [email protected].
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