We're observing something like a 'perfect storm' in terms of housing values and purchase opportunities right now
Irvine, Calif. (PRWEB) July 11, 2009
More than 2,000 homeshoppers attended today's highly-anticipated grand opening of Woodbury East, the newest and one of the most intimate of the Villages of Irvine! By 6 a.m. this morning, dozens of prospective homebuyers were already lined-up to tour the new model homes at Ivy by William Lyon Homes, Woodbury East's first-new home neighborhood, which officially opened at 10 a.m. today. Within just 15 minutes of the model homes opening, all of Ivy's first phase of 13 homes were sold; and a new phase is anticipated to be released for sale soon.
Priced from the mid $300,000s, Ivy offers three different two-story floorplans ranging in size from approximately 1,180 to 1,500 square feet. In addition to touring the model homes at Ivy, homeshoppers were provided with the opportunity to see the incredible amenities and facilities of Woodbury East, including two garden-themed parks and The Palm Club, the village's resort-inspired clubhouse for recreational and social gathering.
Low mortgage interest rates, attractive pricing, and low down payments are helping to bring the dream of homeownership within the financial reach of first-time homebuyers longing to live in Irvine's newest village.
"We're observing something like a 'perfect storm' in terms of housing values and purchase opportunities right now," said Mark Boud, principal of Real Estate Economics based in Irvine. "Because of both historically low prices and low mortgage rates, our measure of affordability has never been this strong in Orange County. We don't think this window will stay open for very long."
Woodbury East is located off the I-5 Freeway and is bordered by Sand Canyon and Trabuco roads in the City of Irvine. Planned to offer approximately 500 homes within a limited number of neighborhoods, each residence will be within walking distance of the village's parks, its future resort-style clubhouse and recreational/ social center known as The Palm Club as well as Woodbury Town Center and other key destinations throughout the Villages of Irvine.
Two garden parks, Iris Garden and Rose Petal Garden, are already open at Woodbury East. The parks include a half-court basketball, a tot lot, barbecue and picnic areas, and a lawn area. The 3.45-acre Palm Club, envisioned as the social gathering place of Woodbury East, is anticipated to open next year. The Palm Club includes a Junior Olympic pool, wading pool, spa, a fitness center with cardiovascular and strength-training equipment, a 2,470-square-foot recreation building with multi-purpose room and kitchen, full-court basketball and tennis courts, a tot lot, picnic tables, a barbeque area, and a great lawn area.
"Now is the opportune time for first-time homebuyers - singles, young couples and families - to take advantage of the current housing market conditions and to enjoy all of the benefits associated with home purchases in the Villages of Irvine," said Tom Veal, vice president of residential marketing and product planning for Irvine Company Community Development. "Award-winning schools, close proximity to major business and employment centers, dining, entertainment, and recreation - Woodbury East represents all the best of Irvine in one convenient, desirable location."
Woodbury East demonstrates Irvine's long-standing commitment to building green, and is another example of environmentally responsible planning. The City of Irvine's Green Building Program guidelines are designed to protect the natural environment by encouraging water and energy conservation, waste reduction, recycling and better air quality.
Prospective homebuyers interested in Ivy at Woodbury East can receive additional information by visiting Woodbury East or by contacting a Villages of Irvine New Home Consultant at 888 820-0721.
Woodbury East is located off the I-5 Freeway. Exit Sand Canyon Avenue and head east. Proceed past Trabuco Road and turn right into Woodbury East at Towngate. Follow the signs to the model homes.