Description
Executive Summary
Home builder confidence soars; Patterson continues to be an exceptional investment opportunity
● We are offering over 900 entitled lots available across 138 acres of Entitled Single and Multi-Family Homes
● Part of a 692 acre master plan development
The opportunity is already proven by major developers investing; sales prices continue to grow
● 2 major public developers are currently building and seeing significant returns (K. Hovnanian and KB Homes)
● Absorporation rates are greatly exceeding expectations
● Sales prices have increased $40,000 to $50,000 per home within 7 months
● Historical low interest rates are supporting accelerated affordability and sales
Patterson is a beautiful small town with room to grow and raise a family
● Patterson, CA is one of the most underpenetrated upcoming cities in the Central Valley
● Patterson is located on major North/South freeway Interstate 5 with immediate access to 99 & 33 highways
Development Overview
Villages of Patterson Overview● 692-acre Master Planned Community Development Underway● KB Homes and K. Hovnanian building and selling 256 single family homes |
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Patterson Homes Appreciating in Value
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Highlights● Home values in the subject market ● Per the developer, the absorption rate ● Strong market fundamentals are |
Patterson Homes Appreciating in Value (Continued)
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Highlights● Average home values in the subject ● Homes <1,912 SF have seen the largest ● Month-to-date, homes >2,489 SF have |
Patterson Market and Demographics
The Patterson Market is growing exponentially● From 2003-2006 Patterson experienced and absorbed a ● 6.5 million SF of commercial property has been built between ● Patterson has enjoyed many new retail services including, Patterson Demographics
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Site Details
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Aerial view of Patterson development and lots for sale
Conceptual Site Plan
Site 2: 52 final map lots
Master Plan Overview
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Patterson Homes Appreciating in Value
K. Hovnanian Development |
K. Hovnanian Development |