Granada Hills Residential Community Sells More Than Half of Its HomesMonday, November 28, 2011
Trumark Homes has sold more than half of the homes in its new Granada Hills gated community, including nine in the last 10 weeks, the developer said Monday.
The community known as “High Lights,” which opened in April, comprises 82 townhomes, 48 of which have been sold, the firm said in a news release. The Danville, Calif.-based company said it expects the housing market to improve next year. It cited data that showed rising October home sales in California when compared with last year and an improved confidence among new single-family home builders.
New and resold homes and condos in California declined 3.7 percent in October when compared with the previous month, but were up 4.3 percent from last year, according to DataQuick. However, the number of homes sold last month is still about 10,000 below the average, the San Diego-based researcher said this month.
“Even though we still have challenges in regards to the high number of foreclosures, the difficulties of obtaining construction financing and the restrictive lending environment, we are confident conditions will slowly recover next year,” Michael Maples, principal of Trumark Homes said in a statement.
Trumark Homes, part of the Trumark Group of Companies, currently has a development pipeline surpassing 1,800 lots in core urban areas of California, the firm said.