OC Register: 28 new luxury homes coming to Ladera Ranch

28 new luxury homes coming to Ladera Ranch
Sky Ranch

The New Home Co. has begun sales of luxury homes at Sky Ranch, the last new-home project in the Covenant Hills community in Ladera Ranch.

The single-story homes run between 4,071 to 4,914 square feet with four to six bedrooms and five to seven bathrooms. Second floors are an option. Pricing will start at $1.5 million.

Homebuying in the 92694 ZIP code that covers Ladera Ranch and Rancho Mission Viejo started 2018 briskly.

Sales totaled 280 in the year’s first three months vs. 198 a year earlier, a gain of 41 percent. The median selling price was $710,500, up 0.4 percent in a year. Price rank in Orange County? No. 40 of 83.

For 11 inland South County ZIPs — including Lake Forest, Mission Viejo, Rancho Santa Margarita and San Juan Capistrano — home sales rose 7.5 percent in 2018’s first three months vs. 2017’s first quarter.

Orange County sales totaled 7,800 residences, existing and new, vs. 8,041 a year earlier, a decline of 3 percent. The countywide median was $710,000, up 6.4 percent in a year. Prices rose in 67 out of 83 Orange County ZIPs in the period as sales were up in 33 out of 83 ZIPs.