SAN JOSE, Calif., July 9, 2012 /PRNewswire/ -- With increasing rent, rising sales and the success of the local technology industry, real estate in the Bay Area is steadily returning to pre-recession levels. High demand for homes in the region has led to a 40% reduction in standing inventory, according to 24/7 Wall St., leaving a considerable opening in the residential market. Now, after patiently waiting for the right time to build, California builder Brookfield Homes is prepared and eager to fill this gap.
The company, which is now building in full force, has announced that 2012 will see the grand openings of three new communities, offering new homes in San Jose and new homes in Dublin. By building in thriving areas with high demand, Brookfield plans to bring new homes where they're needed most as well as provide residents with a convenient location, prestigious school districts and a sought-after community environment.
"Right now the Bay Area is seeing a great need for housing, and we took that as a sign to build," said John Ryan, president of Brookfield Homes Bay Area. "It was important for Brookfield to buy land and build in areas where people want to live."
Brookfield will re-enter the Northern California market with Westbury, which will unveil model homes in early July and offer single-family new homes in San Jose from the mid $600,000s. Its central location near downtown San Jose offers residents easy access to employment opportunities as well as outstanding school districts and entertainment.
This July, Brookfield will continue to fill housing demand with two new Build It Green™ rated single-family home neighborhoods, Windwood and Mariposa at Jordan Ranch. These new homes in Dublin are convenient to award-winning schools and local transportation as well as Silicon Valley employers. Pricing is expected to start from the high $600,000s at Windwood and from the high $700,000s at Mariposa.
"At Brookfield we care about the communities we build. They must be livable, be sustainable, provide desirable community amenities and be accessible to local conveniences. Each home style is carefully crafted to exceed the high standards of our homebuyers," commented John Ryan.
Brookfield Homes has devoted itself to creating residences of lasting quality and value. With a time-honored commitment to the highest standards of excellence, Brookfield specializes in unique, captivating homes that exceed expectations. To learn more, please visit BrookfieldNorCal.com.
SOURCE Brookfield Homes