At the Petra neighborhood, located just south of the 5 Freeway/Ortega Highway interchange, Landsea Homes was selling detached houses ranging from 1,759 to 1,964 square feet with three or four bedrooms and two-and-a-half bathrooms. The average contracted price was $1.24 million.

“Demand for our new single-family detached homes at Petra was incredibly strong from the start and continued throughout the lifecycle of the project,” said Patrick Higgins, a Landsea vice president.

Petra’s four-sales-a-month pace is faster than the 3.3 sales seen at the typical project in Los Angeles and Orange counties recently, according to market tracker Zonda. And that regional sales speed is up from 1.9 sales in a month in 2019 and 2.9 in 2017.

“Based on history and current market trends, Landsea’s San Juan Capistrano community sold quite well,” said Ali Wolf, Zonda’s chief economist.