Villages of Irvine Remain Top-Selling Master Planned Community in Western United States at Mid-Year

Highest Number of Mid-Year New Home Sales in Western United States; Success Due to "Decades of Thoughtful Planning"; Villages of Irvine Neighborhoods Continue to Sell Out. End Quote

Orange County, CA (1888PressRelease) July 30, 2014 - Homebuyers continue to purchase new homes across the Villages of Irvine at a pace unmatched in the Western United States. For the third consecutive year, the Villages of Irvine - built by the Irvine Company's Community Development Company - was named the Top-Selling Master Planned Community in the Western United States by the Robert Charles Lesser Company in their 2014 Mid-Year Update.

"Homebuyers continue to make the Villages of Irvine the Top-Selling Master Planned Community in the West because they appreciate the unparalleled quality of life enjoyed from decades of thoughtful planning," said Tom Veal, Vice President of Residential Sales and Marketing for Irvine Company Community Development.

He continued, "New homebuyers consistently tell us that Villages of Irvine homes are attractive because they are great homes built by renowned builders, with nearby access to acres of open space. Schools are planned within our neighborhoods, and our homes are close to employment and world-class shopping, dining and entertainment. Clearly the lifestyle experience across the Villages of Irvine continues to resonate with new homebuyers."

The large volume of new home sales - 664 - in the first six months of 2014 across the Villages of Irvine marked the highest number in the Western United States, according to The Top-Selling Master Planned Communities Mid-Year 2014 Update by Robert Charles Lesser and Company (RCLCO).

"Our research shows that the Villages of Irvine continue to offer buyers a quality housing product and lifestyle they want to invest in," said Taylor Mammen, Community and Resort Advisory Group Principal for the Los Angeles office of RCLCO. "Irvine Ranch ranks number two in our Mid-Year Update and first among communities in the West, and the community's success is a testament to the quality residential development delivering a diverse range of housing products and amenities that buyers are seeking in Southern California."

Strong demand for new homes in Irvine is depleting available inventory across the Villages of Irvine. Neighborhoods continue to sell out, and the entire Village of Laguna Altura and Village of Woodbury™ have both recently sold out of new home inventory. Additionally, the neighborhoods of Casera (Village of Portola Springs), Cambria, San Mateo, Santa Maria (Village of Stonegate) and La Cresta (Village of Woodbury) have sold out in the last year.

Opportunities remain for new homebuyers across the Villages of Irvine.

Cypress Village offers new homeshoppers the next generation of innovative home designs by Irvine Pacific®. Cypress Village neighborhoods epitomize luxury, refinement and fresh living spaces that set a new benchmark for single-family homes. Residents at Cypress Village enjoy a resort-style lifestyle, complete with expansive amenities, shopping, abundant trails within walking distance and new schools within the most-heralded district in the region. Cypress Village's neighborhoods offer townhomes and flats and single-family homes that range from approximately 1,122 to 2,840 square feet, and are priced from the mid $400,000s.

Set against the majestic backdrop of Loma Ridge, the Village of Orchard Hills™ epitomizes luxury and sophitication with a distinct blend of topography and landscape reminiscent of the European countryside. The elevated location and unique atmosphere features rolling hillsides, acres of open space and close proximity to working avocado groves. Residents enjoy resort-style amenities that promote an active and social lifestyle including a variety of family-friendly parks, swimming pools, spas, tot lots, barbecue areas and basketball courts. The 12 neighborhoods are bordered by miles of trails and paseos which loop around and provide access to the greater open space around Loma Ridge. The nearby Jeffrey Open Space Trail links the more than 16,000 acres of permanently protected parkland and open space, and connects to the 22-mile Mountains to Sea trail, the backbone of the 50,000 acres of permanently preserved land across the Irvine Ranch. Orchard Hills' neighborhoods offer townhomes and single-family homes that range from approximately 1,494 to 7,030 square feet, and are priced from the low $600,000s to the low $2,000,000s.

The neighborhoods within the Village of Portola Springs® showcase beautiful new homes in Monterey, Spanish Colonial, Santa Barbara, Tuscan, Northern Italian and Provencal architectural styles. The Village of Portola Springs is located just minutes from world-class entertainment, dining, shopping and employment, and offers homebuyers a natural, quiet community that provides a unique living experience that includes sweeping views of Loma Ridge and vast expanses of permanently protected open space. The Village of Portola Springs offers townhomes and single-family homes that range from approximately 1,355 to 3,231 square feet, and are priced from the low $500,000s.

The Village of Stonegate is distinctive and charming, offering neighborhoods within inward-oriented enclaves that allow residents to take advantage of unmatched recreational amenities - including six Village parks and the nearby Jeffrey Open Space Trail. Residents are within walking distance of Woodbury™ Town Center, and are also close to Cypress Village Shopping Center, Orchard Hills Village Center®, The Market Place and Irvine Spectrum Center®. The Village of Stonegate offers single-family homes that range from approximately 1,907 to 4,011 square feet, and are priced from the low $900,000s.

For more information about these Villages of Irvine neighborhoods, visit www.VillagesofIrvine.com, or contact a Villages of Irvine New Home Consultant at (866) 627-6150.

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