The shift to Porter Ranch is clear.
Porter Ranch, CA (PRWEB) February 10, 2017
For the first time in Porter Ranch’s history, new home sales are topping the $2 million mark. Toll Brothers, America’s luxury home builder®, says the closing price milestone is a clear indicator of strong demand to reside in this scenic hillside community and recognition of the many amenities offered from this master-planned development overlooking Southern California.
With top-ranked schools, one of the safest communities in Southern California and easy access to key urban areas of Los Angeles, Porter Ranch has emerged as the prime location for homebuyers seeking a quieter lifestyle with some of the most majestic views in the region, according to Jeff Meyers of Meyers Research.
“The shift to Porter Ranch is clear. Residents from other areas, including West Los Angeles, the San Gabriel Valley, and the South Bay, are recognizing they can secure a much larger home in a community that provides them both an open, natural setting and local retail conveniences,” said Frank Su, Toll Brothers Division Vice President. “With recent home sales closing above $2 million, it tells us there is a strong demand for the style of luxury home we offer in a such a great location.”
Toll Brothers currently offers three collections at Porter Ranch, with homes starting in the $900,000s, as well as the nearby Canyon Oaks, a gated community that recently opened with single-story and two-story luxury homes. The three Porter Ranch communities – Glen at Avila, Bluffs at Bella Vista and Palisades at Westcliffe – recently earned “Community of the Year” honors by the Greater Sales and Marketing Council for overall design, distinctive models, and community amenities (such as clubhouses and local parks).
Recent closings above $2 million indicate buyers are interested in these larger homes, a gated community and the multiple luxury features offered by Toll Brothers, Su said. At Westcliffe, for example, Toll Brothers offers homes from 4,500 square feet to 5,400 square feet with up to 5 bedrooms and 6 ½ bathrooms, luxurious indoor/outdoor living spaces and opportunities to customize and personalize.
Recent data presented by Meyers Research, one of the nation’s leading housing market research firms, indicate areas such as Porter Ranch will continue to climb in value because of high demand for luxury homes in Southern California and limited supply, as well as continued job growth and economic expansion in the San Fernando Valley and beyond. Porter Ranch also is uniquely positioned for strong growth because of its high-ranking schools and is located in one of the region’s safer communities, the Meyers group reported.
“There are very few places left in the greater Los Angeles area like Porter Ranch. The luxury home market should remain strong for several years because of pent-up demand and a large population base seeking these kinds of master-planned communities,” Jeff Meyers said.
For more information, visit Toll Brothers Porter Ranch website at: http://www.liveatporterranch.com
For a copy of the recent Meyers Research presentation on Porter Ranch, contact Denis Wolcott at Dick Jones Communications: 213-200-1563 or denis(at)dickjones(dot)com.
About Toll Brothers
Toll Brothers, an award-winning Fortune 600 company founded in 1967, embraces an unwavering commitment to quality and customer service. Toll Brothers is currently building in 20 states nationwide and is a publicly owned company whose stock is listed on the New York Stock Exchange (NYSE: TOL). In FORTUNE Magazine’s 2016 Survey of The World’s Most Admired Companies®* Toll Brothers was ranked #6 worldwide across ALL INDUSTRIES in Quality of Products/Services Offered after Apple, Walt Disney, Amazon, Alphabet, and Nordstrom, and before Netflix and Facebook. In the same 2016 survey, Toll Brothers was named the #1 Home Builder Worldwide. The Company is named one of America’s Most Trusted® Home Builders by Lifestory Research†. Toll Brothers was also recently honored as national Builder of the Year by BUILDER magazine, and was twice named national Builder of the Year by Professional Builder magazine.
Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company now sponsors the Toll Brothers - Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world.
Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential, resort-style golf communities; and urban mid- and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations. The Company acquires and develops commercial properties through Toll Commercial and its affiliate, Toll Brothers Realty Trust, and purchases distressed loan and real estate asset portfolios through its wholly owned subsidiary, Gibraltar Capital and Asset Management. The Company acquires and develops commercial and apartment properties through Toll Commercial and Toll Apartment Living, and the affiliated Toll Brothers Realty Trust, and develops urban mid- and high-rise for-sale condominiums through Toll Brothers City Living.
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*FORTUNE Magazine’s survey of the “World’s Most Admired Companies®” for 2016 began with over 1,500 companies across more than 50 industries, and asked over 4,000 executives, directors, and analysts to rate companies in their own industry on nine criteria (Go to http://fortune.com/worlds-most-admired-companies/ for the full methodology.) From FORTUNE Magazine, March 1, 2016 ©2016 Time Inc. FORTUNE and The World's Most Admired Companies are registered trademarks of Time Inc. and are used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Toll Brothers, Inc. †Toll Brothers received the highest numerical score in the United States in the proprietary Lifestory Research 2015 America’s Most TrustedTM Home Builder study. Study based on 43,200 new home shoppers in 27 markets. Proprietary study results are based on experiences and perceptions of consumers surveyed between January and December 2014.