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Regional Spotlight: Good News for California’s Economy – Luxury Homebuilder Returns to San Diego Market

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RISMEDIA, September 16, 2010—There’s a new sign that bodes well for the local economy and the California housing market. Toll Brothers, one of the nation’s leading luxury home builders has returned to the San Diego market. Brand new communities, especially those built by a solid, strategic company, are strong indicators that the market is turning around. While market watchers are cheering their arrival, its San Diego home buyers that will truly benefit.

The introduction of these three new communities—two in the master-planned community of Arrowood in Oceanside and one at the prestigious Crosby in Rancho Santa Fe—increases the publicly traded, luxury homebuilder’s ever-growing presence in Southern California.

“We’re selective about where we build, especially these days. But the beauty and appealing characteristics of both Rancho Santa Fe and Oceanside make them ideal communities for Toll Brothers,” said Jim Boyd, regional president of Toll Brothers.

At Oceanside, Toll Brothers will be adding The Greens and The Fairways at Arrowood, with prices anticipated to range from the $400,000s to the $600,000s. In Rancho Santa Fe, Toll Brothers will be adding Emerald Cove at The Crosby, which is expected to start in the $800,000s.

Boyd said, “We’re excited to be returning to the San Diego market. These three new communities have wonderful locations, with golf course views, where we can showcase Toll Brothers’ luxury and quality.”

The Fairways at Arrowood will feature 123 single-family homes that range from approximately 2,717 to 3,402 square feet. The Greens, a collection of 79 single-family homes, range from approximately 2,826-4,108 square feet. An 18-hole public golf course complete with driving range and clubhouse, plus a recreation center that offers a junior Olympic swimming pool, picnic areas and a tot lot, make Arrowood an appealing place to call home. When homeowners are ready to hit the beach, it’s less than 10 miles away.

At The Crosby, Toll Brothers offers one of the last opportunities to own a new home in this world-class golf course community. At Emerald Cove, 29 homes will range from 2,903 to 3,958 square feet of living space and offer luxurious features and finishes. But Emerald Cove’s appeal doesn’t stop there. Found within the manned, gated entrance of The Crosby and San Diego’s top school district, Emerald Cove overlooks two fairways of the renowned golf course also known as The Crosby. With exclusive private golf, tennis, pool and fitness memberships available, Emerald Cove homeowners will experience the good life on a grand scale.

These new Toll Brothers communities, which are expected to begin taking reservations this October, are good news for San Diego County home buyers and the housing market in general. Their arrival may well herald good things to come for the California economy.

For more information, visit www.TollBrothersCalifornia.com.

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