35 Sales in Two Months Reported at Del Sur

“ Guest Builders Announce Sales at Four Del Sur Neighborhoods ”

Madeira Plan 3 at Del Sur

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(iRealtyWire.Org) – Four Del Sur neighborhoods of attached and detached single-family homes have reported 35 sales in January and February, according to the developer of the smart-growth master-planned community north of SR-56 in the city of San Diego.

As of Feb. 28, 15 homes have sold at Madeira, four homes have sold at Bridgewalk, 11 homes have sold at Pasado and five homes have sold at Mandolin, according to Del Sur’s sales report.

“Del Sur’s guest builders are seeing positive impacts from favorable buying conditions like tax credit eligibility, low mortgage rates and stabilizing home values, and they are reacting accordingly by stepping up construction to meet demand,” said Bill Ostrem, president and CEO of Black Mountain Ranch LLC, developer of the 1,800-acre amenities-rich community. “

New homes at Del Sur (http://www.delsurliving.com) are now selling in the following neighborhoods:

• Madeira at Del Sur by Shea Homes celebrated a grand re-opening of its model homes Jan. 30 and started sales Feb. 13. The first eight homes released for sale were sold that weekend. Seven more homes released in Phase 2 also were reserved upon release. Madeira’s six floor plans span approximately 1,779 to 2,415 square feet and have two and three stories, up to five bedrooms and four bathrooms and two-car garages. Madeira prices start from the low $500,000s.

• Bridgewalk at Del Sur by Standard Pacific Homes released a new phase of homes for sale in late January and has since sold four. Priced from $489,900, Bridgewalk homes range from 1,702 to 1,969 square feet and have three to four bedrooms, 2.5 baths and a two-car garage plus work space. Bridgewalk is perfectly located between two neighborhood parks and close to Del Sur Elementary School. The three floor plans available are all two stories. With move-ins expected in June, the new homes at Bridgewalk at Del Sur may qualify new homebuyers for the federal tax credit of $8,000.

• Pasado at Del Sur by William Lyon Homes released a new phase of homes for sale Jan. 16, five of which sold the first weekend. The builder sold 11 homes in January and February. Priced from the low $500,000s, the single-family homes at Pasado have approximately 2,047 to 2,360 square feet, three to four bedrooms and 2.5 to three bathrooms. The two-story homes have two-car garages. With move-ins expected in June, the new homes at Pasado at Del Sur may qualify new homebuyers for the federal tax credit of $8,000.

• The attached-home neighborhood Mandolin at Del Sur by Shea Homes has five homes sold since Jan. 1. Priced from the mid $400,000s, Mandolin offers five floor plans ranging from 1,643 to 2,333 square feet. The homes have two to five bedrooms, 2.5 to four baths and attached two-car garages. Set along one of the highest hilltops within the master-planned community, Mandolin is the only planned condominium community at Del Sur.

Del Sur has a strong environmental ethic, which is evident throughout its residential neighborhoods, within its construction practices and in its recreational amenities, including eight proposed private parks and 18 miles of hiking trails spread out over 1,800 acres of dedicated open space. All of the parks are designed to be energy efficient, with solar-heated pools, and attractive landscaping featuring drought-resistant plantings that use only reclaimed water. Cost savings from these conservation efforts are passed along to residents. The pedestrian-friendly community of Del Sur eventually will have 2,500 homes.

Recognized by local civic, planning and environmental groups for its environmentally conscious design and “smart growth” principles, Del Sur is now open for model home tours. For more information on new home neighborhoods, visit http://www.DelSurLiving.com.