Real Estate Recovery in Loomis, CA - New Construction At Sierra de Montserrat and Terracina Estates

By
Real Estate Broker/Owner with Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) California DRE #01262541
http://actvra.in/hxK

Real Estate Recovery in Loomis, CA - New Construction At Sierra de Montserrat and Terracina Estates

It's been a while since we've seen new construction in the quaint Town of Loomis, but there are currently two luxury homes that are now under construction at Sierra de Montserrat and Terracina Estates. Here is a beautiful custom home being built at Sierra de Montserrat (located in a cul-de-sac with vineyard views):

New custom home construction at Sierra de Montserrat (Loomis, CA 95650)

Here is the Terracina Estates custom home that is currently under construction:

New custom home construction at Terracina Estates (Loomis, CA 95650)

Lots and land sales have been quite steady in Loomis, CA as well as the neighboring community of Granite Bay, CA. Some lots have been purchased to hold for investment and some were bought with the intention of being the future site of the purchaser's dream home. Most land sales have been all cash, as lot loans are not only difficult to find, but they are even tougher to qualify for...just like construction loans. Do these two new construction starts signify builder confidence as well as a real estate recovery for Loomis luxury homes? What do you think?

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BOB & LEILANI SOUZA
Real Estate Investment Specialists
Southwest Placer County, CA

Souza Realty, Bob & Leilani Souza - Real Estate Investment Specialists in Southwest Placer County, CA

Bob Souza - 925.513.3400 - bob@souzarealty.com

Leilani Souza - 916.408.5500 - leilani@souzarealty.com

Souza Realty - Real Estate in Roseville, Rocklin, Lincoln, Loomis and Granite Bay, CA

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Show All Comments
Rainmaker
476,919
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Leilani, it's always nice to see new construction. Those are some really lovely looking homes.!

Aug 29, 2011 11:07 PM #7
Rainmaker
1,452,343
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Leilani, what a beautiful mini-mansion being built!    It does sound like real estate RECOVERY!

Aug 30, 2011 09:02 AM #8
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Thanks, Tom! :)

Leilani

Aug 30, 2011 09:56 PM #9
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Anita, I would agree that two homes are a small sample, generally speaking...but Loomis is such a small town that two new custom homes being built is a "bigger deal" compared to most towns. :)

Leilani

Aug 30, 2011 09:59 PM #10
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Myrl, I can just imagine what Loomis was like 15 years ago, just taking into consideration that all homes built prior to 1996 didn't exist. Wow! :)

Leilani

Aug 30, 2011 10:01 PM #11
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Yes, perhaps you're right, Malcolm! Looks like good things are coming for Loomis. :)

Leilani

Aug 30, 2011 10:02 PM #12
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Amy, these do look like beautiful homes...I'm looking forward to seeing how they turn out at completion! :)

Leilani

Aug 30, 2011 10:04 PM #13
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

You're right, Kathy...although it's nice to see a gradual rise in the market instead of a tidal wave like we've seen before. :)

Leilani

Aug 30, 2011 10:05 PM #14
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Cindy, I agree...with both of the things you mentioned! :)

Leilani

Aug 30, 2011 10:07 PM #15
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Joan, it is nice to see a recovery in the luxury home market for new construction in Loomis...it's about time! :)

Leilani

Aug 30, 2011 10:08 PM #16
Rainmaker
580,254
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

They look amazing, Leilani!  It is nice to see new construction starting to pick up and that's a great area to invest!

Aug 31, 2011 12:20 AM #17
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

It is nice to see new construction again, DeeDee...and Loomis is a great place to live! :)

Leilani

Aug 31, 2011 02:06 PM #18
Ambassador
1,745,696
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

Leilani - It is always a good sign to see new construction taking place and from those photos, pretty impressive!

Sep 01, 2011 08:22 AM #19
Rainmaker
365,649
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Hi Leilani-two beautiful homes!  If you had to guess what price range would these be in?

Sep 01, 2011 09:21 AM #20
Rainmaker
677,094
Mary Yonkers
Alan Kells 1-814-881-7548 - Erie, PA
Erie/PA Real Estate Instructor

Leilani--It is great to relay good news especially in the new construction market.  I hope to see the final product when these homes are completed.

BTY  Thanks for visiting my site even though I have been MIA most of the summer.  LOL  Mary

Sep 01, 2011 08:58 PM #21
Rainmaker
425,976
Mike Young
203kOnLine.com, covering California & most other states - Fairfield, CA
FHA 203k Consultant 707-812-7668

I'd love to see the floor plan on that one pictured. M

Sep 04, 2011 01:55 PM #22
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

These homes are pretty impressive, Barbara-Jo...can't wait to see them both completed! :)

Leilani

Sep 04, 2011 09:32 PM #23
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Bruce, without knowing the "exact" square footage, both of these homes would still be in the mid $1M price range. That's being conservative. :)

Leilani

Sep 04, 2011 09:33 PM #24
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

You're welcome, Mary! It's good to see you're still visiting and commenting, even if you haven't blogged lately. :)

Leilani

Sep 04, 2011 09:34 PM #25
Rainmaker
948,612
Bob & Leilani Souza
Souza Realty - Roseville, Rocklin, Lincoln, Loomis, Granite Bay, Penryn, Newcastle, Auburn, Meadow Vista (California) - Roseville, CA
Placer County, CA: Foreclosures, Auctions, Rentals

Mike, I'd love to see floorplans on both of these homes! :)

Leilani

Sep 04, 2011 09:35 PM #26
Show All Comments
Rainmaker
948,612

Bob & Leilani Souza

Placer County, CA: Foreclosures, Auctions, Rentals
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