Which builders have the top 3 seller cities at their fingertips?
The top 3 metros for home sellers in 2014 are located in California, according to residential real estate brokerage firm and marketing solutions provider ZipRealty, Inc. You can see the top 10 list and additional commentary in Builder's coverage here, or check out the specific breakdown of total housing inventory per-capita, increase of median sale price over 2013, and average days spent on the market for the top 3 cities in the graphic to the right.
But back to the main point—who are the house honchos? We turned to Hanley Wood's Metrostudy (the nation’s leading provider of primary and secondary market information to housing and related industries) for more information on the San Francisco, Sacramento, and San Diego markets, and to find out which builders are closing the most sales annually.
Using market summary reports from the fourth quarter of 2013, we looked at builder production rankings in the Northern California market (which includes Sacramento and the San Francisco Bay Area in its coverage) and the San Diego market (a smaller region of coverage consisting of San Diego and the Imperial Valley) to get a full scope of which builders had the most annual closings in 2013. Closing numbers from the Northern California report are much higher than those of San Diego—due to the wider span of coverage—but by and far, KB Home had the largest distribution of annual closings in the Northern California market. It appears to be a much more level playing field for the top 5 builders in San Diego, where Shea Homes came in first by a mere 11 closings.
Average price, square footage, and price/sq.ft. metrics in the fourth quarter of 2013:
Northern California market summary averages:
Square footage: 2,389 sq.ft.
Sacramento market averages:
Square footage: 2,205 sq.ft.
San Francisco market averages:
Square footage: 1,810 sq.ft.
San Diego regional market summary averages:
Square footage: 2,784 sq.ft.
San Diego market averages:
Square footage: 2,919 sq.ft.