Woodside Homes Closes on 55 Single-Family Lots in Granite Bay
Land Advisors Organization is pleased to announce the sale of The Park at Granite Bay, a new residential community consisting of 55 single-family lots with a minimum lot size of 7,150 square feet to buyer Woodside Homes. This new home community is located in the Granite Bay community of Placer County and is comprised of 55 single-family lots, situated on roughly 16 acres. The Property will be comprised of one- and two-story homes ranging in size from 2,546 to 4,085 square feet, with lot sizes ranging from 7,150 to 17,196 square feet. The Park at Granite Bay is fully entitled with a Final Map ready to record and the project grading significantly complete.
The Park at Granite Bay will bring to life a vision of tree-lined streets with front porch accents in a carefully planned community design, ensuring that no two homes are aesthetically the same. The Property boasts extra-large lots to allow for individual, creative outdoor design and is within close proximity to a very highly-rated Granite Bay High School (10/10 Great Schools), Maidu Regional Park and Folsom Lake.
The Sacramento region continues to see a massive influx of transplants from the Bay Area looking for more competitive pricing with the same amenities, and lacking the inconveniences of major urban areas. However, the Sacramento market lacks the available housing supply for the increasing population. The intense competition from San Francisco transplants has been a boon for sellers but is leading to situations where local buyers are marginalized. Nationally, markets that have seen high in-migration of tech workers have also seen some of the highest appreciation rates, and Bay Area residents continue to look to Sacramento for more bang for their bucks.
According to a new report from Realtor.com, the Sacramento metro area is expected to lead the US in home sales growth this year. The report states the Sacramento region is forecasted to see a 17.2% increase in sales over 2021. Based on data from Meyers Research, there are two other new home communities actively selling homes in the Granite Bay area, with four upcoming projects. Jim Radler of Land Advisors states, “As a resident of Granite Bay, I am really excited for this project to finally come to life. Woodside Homes is an excellent builder who will deliver fantastic product to this community, capturing the extremely high market demand for move-up product.”
The Northern California Land Team at Land Advisors Organization consisting of Jim Radler, Ryan Long, and RJ Radler, represented the Seller, Maverick Partners West, in this transaction. Terms of the transaction are confidential.