In an era where builders cram homes into small spaces, even at higher pricier levels, Brandywine Homes has begun the sales of 15 luxury homes in Yorba Linda on a fairly generous 8.4-acre site.
The Newbury community off Highland Avenue is situated on an old single-home compound that was bought and subdivided. The project contains two-story homes with 4,593 to 5,175 square feet; five or six bedrooms; six bathrooms and four-car garages. Prices start from the high $1 millions.
“We’re excited to have homebuyers experience this beautiful, tranquil and ideally located new community,” said Dave Barisic, of Brandywine.
Yorba Linda fit the typical Orange County housing patterns: Prices are up with little improvement in availability for homes to buy.
In Yorba Linda’s 92886 ZIP code, where Newbury is located, the median selling price in the 22 business days ended Dec. 14 was $810,000, up 11 percent in a year, according to CoreLogic. Sales totaled 71 in the period, up 9 percent in a year.
Supply of existing homes to buy is proportionally flat. As of Jan. 11, Yorba Linda had 148 homes listed for sale citywide and 43 in escrow, according to Reports On Housing. That translates to a “market-time” selling speed of 103 days vs. 101 a year ago.