City Ventures, California’s leading builder of solar-included, ecologically responsible homes, announces the final sales release of Melodia, a sought-after, walkable community of 29 brand-new townhomes in El Cajon. Melodia is a clear standout with its beautifully timeless, classic architectural design–which has been well-received from style-seeking homebuyers, and is ideal location in a suburban, pedestrian-friendly neighborhood with shopping and dining just steps away.
With Redfin reporting a median sales price of $753,000 in El Cajon in September – far higher than the current starting price at Melodia – and just 2.0 months of supply versus 3.4 months nationally, hopeful buyers of many resale homes could face competing buyers, might need to budget for renovations or be pressured into foregoing important contingencies such as professional inspections.
At the national level, as more buyers struggle to find matches in the existing home market, the National Association of Realtors® showed the median home sales price rising 2.1% year-over-year for the 27th consecutive month in September as sales rose 1.5%. Now could be an ideal time to take advantage of this new home sales opportunity while inventory is still available.
“Melodia is that coveted suburban neighborhood you’ve always wanted to live in. It’s where you mingle outside with neighbors and feel a sense of community. You’ll enjoy all the perks of owning a brand-new home without feeling detached from San Diego County’s countless amenities and attractions,” said Natasha Zabaneh, President of City Ventures. “In fact, from Melodia, you can hop on a trolley and easily access entertainment and restaurants in downtown Gaslamp–and you’re just a short drive away from the beach. Melodia really gives you the best of everything, and the continued success since our grand opening shows that buyers are excited and ready to move in.”
At Melodia, select homes are move-in ready and feature custom upgrades and comprehensive warranties, allowing buyers to explore and enjoy their new neighborhood as soon as possible. In addition, City Ventures continues to offer appreciation gifts for military and civil Hometown Heroes, while current owners of its homes can benefit from its referral and repeat buyer programs. For buyers already working with a real estate agent, City Ventures recognizes the importance of the brokerage community by offering sales commissions as long as agents accompany their clients on their first visit to the sales office and model complex.
Notably, VA mortgages have proven a great option for qualified active duty and military veterans at Melodia, which feature competitive interest rates, down payments as low as 0%, flexible credit requirements as well as no mortgage insurance or prepayment penalties. In addition, VA loans limit closings costs and are assumable to other qualified buyers at the same rate. Should borrowers begin struggling with monthly payments, the VA also has programs in place to help them avoid foreclosure. With more than 115,000 active-duty service members stationed at multiple installations throughout San Diego County, many could call Melodia home by the holiday season.
For those buyers not able to take advantage of VA programs, for a limited time City Ventures is offering 4.99% financing on conventional loans for qualified buyers who can move in quickly for select homes, potentially saving them hundreds of dollars per month.
Melodia’s four spacious, thoughtfully considered floorplans range from approximately 1,370 to 2,023 square feet, offering up to four bedrooms and four baths. The two- and three-story designs feature modern, tastefully appointed kitchens, ample living areas, versatile den/flex spaces, expansive primary suites, inviting outdoor decks, and more. Plus, a long list of City Ventures’ smart built-in tech–like solar panels, all-electric appliances, and water-saving features–are included in every home, showcasing the builder’s commitment to sustainability, innovation, and ultimate comfort.
In addition to its premier, walkable location, Melodia’s popular on-site amenities offers homeowners opportunities for entertaining, relaxing, and having fun without ever leaving home. “Imagine unwinding on a lounge chair by the fire table after a long day–or hosting a birthday soiree around the barbeque with plenty of seating for all your guests at the picnic tables,” said Zabaneh. Melodia also features an open space area, the perfect spot for a game of catch or walking the dog.
Sales opportunities at Melodia continue, with prices starting in the mid $600,000s and onsite tours are available. Interested buyers are encouraged to join the interest list now at www.NewHomesElCajon.com; be sure to watch the community video on the website! The Sales Gallery is open daily, from 10 am to 5 pm and is located at 1328 Yannis Court in El Cajon. To contract the Melodia Sales Team directly via phone at 619.733.5118, or by email, melodia@cityventures.com.
