SOURCE: Brandywine Homes

Brandywine Homes

September 08, 2014 13:28 ET

Brandywine Sells All 19 Homes at West Covina's New Gated Community Called Waverly

Homebuyers Respond to Much-Needed Single-Family Homes at Fair Prices

WEST COVINA, CA--(Marketwired - Sep 8, 2014) - Just five months after its grand opening, Brandywine Homes announced it has sold all 19 single-family homes at Waverly, a 2.3-acre gated community in West Covina, 18 miles east of Los Angeles.

"Within the San Gabriel Valley, there is a huge demand for new housing and very little being built," said Dave Barisic, vice president of sales and marketing at Brandywine Homes, a pioneer of infill development in Southern California. "By paying attention to what buyers in this market wanted in a home and by pricing them at a fair level, we were able to fill a small portion of that demand fairly quickly."

Waverly's grand opening in February attracted 700 visitors, and Brandywine sold almost half of the available homes in the first weekend. Based on that success, Brandywine began construction on the community's second phase, which will add eight more houses.

Designed in partnership with architect Dave Maldonado of D33 Architecture, the three- and four-bedroom French- and Spanish-design homes at Valinda and S. Glendora Avenues are the first new detached homes to be built in the area for several years and bring a fresh look to an area where most homes are more than 60 years old. The homes range from approximately 2,150 square feet to 2,400 square feet and have stainless appliances, two-tone paint and great-room style floor plans. Eco-friendly features include tankless water heaters, low-E glass windows and night setback thermostats.

Common amenities include a tot lot and barbecue area. The community is close to local schools, the GO WEST bus shuttle and public parks, and it's right down the street from the Westfield Mall.

Waverly is located on the site of a former school owned and operated by Immanuel First Lutheran Church, seller of the property.

"It's a great neighborhood," Barisic said. "The addition of mid-priced homes has brought in families with disposable income. So, in addition to the money being spent in the local community, the city will benefit from an increased property tax base."

According to the National Association of Home Builders' formula to determine the local impact of single-family housing in typical metro areas, adding 19 single-family homes will generate $589,000 in local income, $141,000 in taxes and other revenue for local governments, and 10 local jobs.

About Brandywine
Brandywine Homes is a residential homebuilder based in Irvine, Calif., that specializes in challenging infill development. Founded in 1994, the family-owned and operated company has built or developed almost 1,500 homes in 45 small- and mid-sized infill communities, revitalizing some of Southern California's oldest and most established neighborhoods. Brandywine builds homes that respect and complement the heritage, values and architectural integrity of existing neighborhoods and the people who live there -- making a positive contribution to the community. www.brandywine-homes.com.