Los Angeles home shortage is putting a strain on the local market. Brandywine Homes is trying to ease the pain. In mid-December Brandywine Homes released 12 homes at its newest community in Los Angeles' South Bay. All 12 of the West Carson-located homes sold prior to January, enabling the homebuilder to release an additional three homes, which were also purchased quickly. "That was a nice surprise," said David Barisic, VP of sales and marketing for Brandywine, adding most of the buyers were young families from nearby Torrance. Additionally, all of the buyers were already on the homebuilder's VIP list, meaning they had previously shown interest in the community and been pre-qualified with Brandywine's lender. The three- and four-bedroom homes, which are part of the 60-home community dubbed Brighton, sold for between $565,000 and $650,000. Barisic attributes the early success of the community to a lack of competition and an overall shortage of homes and vacant land...
- Buyers were primarily younger families from the greater Torrance area.
- Homebuilder has "ramped up" its production and strayed outside of Orange County.
- All buyers were pre-qualified by the homebuilder's lender
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