Thursday, October 21, 2010

Bay Area new homes for sale

Home sales in Santa Clara County were down sharply in October from a year earlier, but the median price for a single-family house climbed 13.6 percent to $575,000. Condo sales in Santa Clara County in October were down 16.1 percent year over year, while the median price remained almost the same $310,000.
Palo Alto Online posted a detailed report, about new homes prices and sale progress in Palo Alto and Mountain View

Altaire, which consists of 103 townhomes and condos, has been on the market since December 2008. These homes range in size from 778 square feet to 1,958 square feet, with one to four bedrooms each and prices ranging from $650,000 to $700,000. Of the 103 residences, 74 have been sold, at a rate of approximately six to eight per month since 2008.
Redwood Gate is comprised of 45 homes and a park on 3.9 acres of land previously owned by the Elks Lodge, on the edge of the Charleston Meadows neighborhood. According to Freed, these are a combination of single-family homes and attached duplex homes, both of which have three to four bedrooms each. They range in size from 1,769 to 2,300 square feet, with prices starting at $1.3 million. SummerHill has sold 32 of the 45 homes at Redwood Gate, although only 23 have been fully completed.
Aside from Altaire, Regis has also built the brand-new Gables End townhomes in Mountain View. These homes also debuted on the market in 2008, although they cost about $100,000 less than their Palo Alto counterparts. Gables End consists of 108 homes, of which 105 have been sold. They are all two- to four-bedroom residences with two-car garages, ranging from approximately 1,250 to 1,950 square feet.
In the Sylvan Park neighborhood of Mountain View, another new-home option is Mondrian, a condo development built by Shea Homes. Margaret Salazar of Shea Homes said that Mondrian -- whose residences fall into the same price range as Gables End -- offers four different floor plans, ranging from a three-bedroom, 1,410-square-foot plan to a three-bedroom, 1,591-square-foot plan. All have attached two-car garages. Mondrian has 151 of these homes, of which 52 have been sold, Salazar said.

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