Southern California home prices and sales both were up 13% from January of 2020 as buyers compete for a limited number of homes for sale.
In late summer and early fall, as many as 20 buyers camped out to buy new phases of Landsea Homes’ ShadedTree development in Ontario, where houses with yards sell for under $800,000. Landsea began offering a home-office package that includes sound insulation, smart-home technology, extra outlets and USB ports and LED lighting.
“We offer a lot more utility in our homes,” said Mike Forsum, president and chief operating officer for the Newport Beach-based builder. “Buyers can work from home, eat from home, exercise from home, and do a lot more things. They’re going to the office one or two times per week, maybe none. So the home is serving a lot more purposes.”