More and more people are working from home. Distance from work is no longer an objection when people have the ability to work from home. Inland Empire has made such a huge surge of migration in 2020 due to the pandemic. People are looking towards having a bigger home and yard than being close to work. Inland Empire has emerged as the region's new home hub, Ontario Ranch has replaced Irvine Ranch as Southern California's homebuilding hot spot.
John Burns Real Estate ranked Ontario Ranch as the region's top-selling master-planned community and number 5 nationally. The Ontario community had 1, 292 sales last year, this is according to Burns, a 71% jump from 755 sales in 2019, ranking it number 8 in the U.S. The 2020 surge also put the Ontario project above the Irvine Co.'s Irvine Ranch in the industry rankings that have scored the Orange County community among the national leaders since the Great Recession ended. By Burns estimates, 800 homes were sold on the Irvine Co. land -14th-best nationally - down 6% from 850 in 2019 when it ranked number 5 like many coastal projects, Irvine Ranch has only a limited number of lots left to develop.
These shortages created opportunities for the Inland Empire land available, cheaper land lures builders. Expanded work-from-home choices in the pandemic era let more house hunters consider distant communities once ignored because of long commutes. "Ontario Ranch is doing an exceptional job of absorbing the region's job growth because it planned for this growth-coordinating new-home neighborhood with new retail, investing in recreation, open space, and other infrastructure, and innovating with very progressive technology," said Caitlyn Lai-Valenti, senior marketing director for Brookfield Residential, one of the project's developers. Brookfield is also the sole developer for another project that made the Burns list - Audie Murphy Ranch in Menifee at number 42. That community had 479 sales last year.
If you are open to new home construction, affordable, large homes, the ability to work from home and being close to work is not a deal-breaker. Check out the Inland Empire and most specifically Ontario Rancho as the new home hub. Check out my website to search for new home communities in Socal: https://www.showingnew.com/qierremcglory1
As always, if you or if you know anyone looking to sell, buy, or invest in real estate. I would be honored if you would refer me.
Thank You,
Qierre McGlory
KW Vision
Realtor #01938370
(714) 577-2787
qierre.mcglory84@gmail.com
#homes #fullertonhousefinder #blog #blogger #qierrerealestate #youragentq #homeagentq #ontarioranch #newhomes