SOURCE: San Joaquin Valley Homes

San Joaquin Valley Homes

February 29, 2016 15:36 ET

All 71 Homes Sold at Catalina, a New Neighborhood in Tulare

Steady Sales Averaged 3.5 Units per Month in Well-Received Community

TULARE, CA--(Marketwired - Feb 29, 2016) - Local homebuilder San Joaquin Valley Homes (SJV Homes) announced it has sold all 71 homes at Catalina, a residential community at Mooney and Kern streets in Tulare, Calif. Sales began at Catalina in March 2014 and the last home was sold in December 2015, which reflects a brisk average closing rate of about 3.5 homes per month.

"We expected Catalina to sell out quickly because it's one of the few offerings in this area that provides quality, low-maintenance homes for busy families at an affordable price," said Joe Leal, co-founder for Visalia-based San Joaquin Valley Homes. "Catalina is a beautiful neighborhood that has been well-received."

Catalina, SJV Home's first subdivision in Tulare County, features 1,260- to 1,575-square-foot homes on 4,500-square-foot lots as well as a neighborhood park. In 2014 the homebuilder sold and closed 32 units at Catalina, and in 2015 it sold and closed 39.

In 2015, SJV Homes added two more subdivisions, San Marino in Visalia and Sedona @ Palo Verde in Tulare, for a total of five neighborhoods in Tulare County, one in Kern County and two properties in Kings County, the nation's second-fastest-growing urban county.

Founded in 2013 by Leal, Jim Robinson and Randy Merrill, who had overseen construction of more than 800 quality homes a year while working together for another builder, SJV Homes has grown from one home closing in its first year to 268 home closings in 2015.

About SJV Homes

Deeply rooted in residential construction, the founders of Visalia, California-based San Joaquin Valley Homes have built thousands of quality homes and attractive neighborhoods for Central Valley residents. Founders Joe Leal, Jim Robinson and Randy Merrill share a vision of delivering excellence through every level of building, delivering wonderful homes in great neighborhoods. In 2013, SJV Homes combined forces with Presidio Residential Capital, a real estate investment company based in San Diego. www.sjvhomes.com

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