TORRANCE, CA, September 23, 2012
/24-7PressRelease/ -- Olive Glen in the West Athens area of Los Angeles presented by Williams Homes has topped the list as the fastest-selling new home neighborhood in Southern California based on average sales per week year to date, according to The Ryness Report, a weekly publication that tracks new home sales activities throughout California and other western states.
Averaging 2.6 sales each week, Olive Glen caps the Southern California fastest selling new home communities list, outselling all other Southern California communities in a six-county region by a considerable margin. Since opening the model homes earlier this year, Olive Glen has 36 generated sales to date and continues to sell out with each sales release.
"We feel the interest in Olive Glen began weeks before the community opened because buyers in this underserved market had been waiting for something new to come along that offered a good value for the area. It's obvious that our buyers have found the product type to be an affordable option to the typically higher-priced surrounding markets, while providing all the best the region has to offer," commented Patrice Quishenberry, CSP, sales counselor for Olive Glen. "Our buyers are people ready to invest in a new home, but want to be close to work and also remain in a community where many have family ties."
Quishenberry went on to add that home shoppers who moved out of the area during the peak of the housing market are now looking to return to the city. "I counsel with people who are at a turning point, wanting to shift from their faraway suburb and long commute. Today's buyers are seeking a simplified home life amid over-booked schedules and a myriad of other pressures."
The Ryness Report research demonstrates that a total of 193 residences sold in new home communities throughout a six-county region for the week ending September 9, 2012 representing a change of 46% increase overall from the same period in 2011. Los Angeles County, where Olive Glen is located, alone recorded a 104% increase from one year ago, while average sales year to date are running 5% ahead of 2011 demonstrating that parts of California are showing a noticeable increase in demand.
According to Daniel Faina, sales and marketing director of Williams Homes, "Even before the community opened, we experienced a tremendous interest in the homes. As the first new, gated residential neighborhood to hit the West Athens area of Los Angeles in the last 25 years, Olive Glen quickly became the go-to destination for people who desire a South Bay lifestyle coupled with all the advantages of city living."
With prices starting from $335,990, Olive Glen's two- and three-story detached homes in three floorplan designs range from approximately 1,725 to 1,875 square feet with three to five bedrooms, and up to three and one-half baths. Olive Glen has a gated entry and a private two-acre community park.
Of additional importance for today's homebuyers is Olive Glen's approved status for FHA and VA financing programs.
Williams Homes cooperates with brokers, and offers a generous referral program for those who introduce friends and family to Olive Glen and purchase a new home.
Please see sales counselor for details on financing and special programs.
For more information, phone Patrice Quishenberry, CSP (DRE #01162045) at 323.777.7582, by email at PatriceQ@williamshomes.com, or visit online at http://www.williamshomes.com.
Olive Glen's location is commuter friendly and just minutes from the 105, 405 and 110 Freeways. For golfers, Chester L. Washington Golf Course is just a chip shot away, and for students, Los Angeles Southwest College is close-by offering opportunities to higher education. The Sales Center is located at 1535 West 120th Street in West Athens, Los Angeles.
ABOUT WILLIAMS HOMES
Under the leadership of Lance Williams, Williams Homes has built a reputation with new homeowners throughout Southern California by providing homes of quality and distinction. During the last decade, Williams Homes has built and delivered hundreds of new homes and earned a respected reputation as a builder of exceptional quality homes and communities. The Williams Homes' team has established a relationship with its family of homebuyers as a builder who stands behind its product and continues to provide a level of customer service that exceeds expectations.
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