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Wednesday, May 25, 2022

OC’s Largest Housing Developments See 3,724 Sales in ‘17

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The Irvine Ranch retained its position as the best-selling master-planned community in Orange County last year, while three other communities in Orange County also ranked among the top 20 in the nation for sales in 2017, according to a new report.

New homes sales on Irvine Co.-controlled land totaled 1,814 in 2017, according to a report from John Burns Real Estate Consulting, which is based in Irvine.

That was a 9% decline from 2016 levels. John Burns initially indicated those figures were still strong enough to rank the Irvine Ranch as No. 1. among all master-planned communities in the U.S., but later revised their figures, dropping it to the No. 2 spot.

Florida’s Villages sold the most new homes last year, with 2,231 sales, according to the revised report.

The Irvine Ranch “continues to appeal to buyers with a wide range of product and price points, access to employment, retail, and the beach, top-notch schools, and thousands of acres of preserved open spaces and parks,” the John Burns report said.

Another Irvine development, Great Park Neighborhoods, was No. 9 on the list with 830 home sales in 2017, a 55% year-over-year increase.

Rancho Mission Viejo was No. 12 on the list with 601 sales, up 31% from 2016 levels.

Baker Ranch in Lake Forest was No. 18 with 479 new home sales, a 7% jump from 2016 levels, according to the report.

Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.

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