Tehaleh bestselling community in Puget Sound region, real estate report says

The New Home Trends report reviewed new home sales in 499 Pierce, King, Snohomish and Thurston county communities for the first six months of 2013. As of late July, Newland Communities had sold 142 homes in Tehaleh.

The Tehaleh planned community has become the No. 1 homeseller in the Puget Sound region, according to a report from New Home Trends, a local real estate research firm.

The report reviewed new home sales in 499 Pierce, King, Snohomish and Thurston county communities for the first six months of 2013. As of late July, Newland Communities had sold 142 homes in Tehaleh.

“We track the numbers pretty closely, so we knew we were up there but we didn’t know we were number one until that report was published,” Vice President Scott Jones said.

Tehaleh is a planned community immediately south of Bonney Lake, still in its early stages of construction. The site formerly known as Cascadia was originally owned by the Cascadia Development Corporation, and the company’s plans for a “self-contained” community of homes and businesses remained in the works for nearly 20 years. However, the developers defaulted on a $75 million loan debt and HomeStreet Bank foreclosed in 2009. The bank sold the real estate to Newland in 2011 and the first phase of development opened to the public in fall 2012.

A grand opening contest saw Newland award a South Hill man, Jay Bradley, win a $280,000 homebuilding credit. In the past year, the San Diego land developer has campaigned to promote its east Pierce County venture as an opportunity for renters to become owners, according to Marketing Director Ruth Winbauer. Buyers who closed on a home before August 16 were offered a year without homeowners association dues.

So far, Jones said Tehaleh has attracted a little bit of everyone: young families, established families and active older adults. However, homes in the 55-and-older Trilogy community have been the best sellers.

Tehaleh’s current sales lead is a sign of early success for the community, but Newland is approaching development one step at a time. The company’s partner builders are still at work constructing homes in Phase One and executives would like to bring in more buyers before moving on to the next phase, which includes parcels identified for commerce and light industry.

“I think we need to get a few more rooftops (before moving on to Phase Two),” Jones said.

 

More in Business

Remember 1993

Twenty-five years ago, business took a beating in Olympia. The swing to the left in the 1992 general election was swift and potent. It drove higher costs to employers and more government regulations.

Remembering Ed Carlson, Vietnam POW

Since last Veteran’s Day, Ken Burns’ in-depth documentary on the Vietnam War has aired. It is a powerful reminder of an unpopular war in which many “baby boomers” fought and died.

LiveLocal98022 meeting cancelled

Bob Green, the night’s speaker, notified the organization he couldn’t attend due to an illness.

Expanded Panama Canal among challenges for Washington Ports

The $5.4 billion spent to expand the Panama Canal is paying off for East Coast and Gulf of Mexico seaports; however, it is putting more pressure on the Northwest to remain competitive.

Players taking a knee hurting the NFL | Don Brunell

On a recent Saturday afternoon in Portland, a young woman stepped onto the playing field at the beginning of the University of Montana vs Portland State football game and started singing our national anthem. She immediately drew a blank on the words and briefly stopped, but as she started apologizing, the fans spontaneously took up the singing.

New metal collecting machine may clean up contaminated waters

There is a new machine being tested in Montana which could decontaminate toxic mine tailings while recovering valuable precious minerals for everyday use.

Workshop will focus on business, social media

All are invited to learn how social media can impact business and how it can be used to create a positive experience for customers.

Impact of Hirst decision must be address

In Washington, the legislative stalemate over permitting new household wells and the state’s construction budget has not only delayed needed funding for public projects, but triggered yet another salvo in the wider conflict over future supplies of fresh water for people, fish and farms.

Mitigate massive wildfire danger | Don Brunell

At last count firefighters were battling 82 major wildfires in 10 western states. The fires have already scorched 2,300 square miles of forests and range lands, dislocated thousands of people, and burned hundreds of homes and buildings.

Silver linings to Hurricane Harvey | Don Brunell

All of the things that went wrong in New Orleans with Hurricane Katrina in 2005, appear to have been corrected with Houston’s recent Hurricane Harvey. Chalk it up to a series of important lessons learned.

Workshops aim to help small business owners and startups | Pierce County Library System

Pierce County Library System, in partnership with the U.S. Small Business Administration (SBA), is offering two workshops to help entrepreneurs start and grow a successful business as well as share tips to advance existing small businesses.

Dan Evans would serve America well | Don Brunell

Recently, family, friends and dignitaries gathered at Hurricane Ridge near Port Angeles to celebrate the designation of the Daniel J. Evans Wilderness at Olympic National Park honoring Washington’s distinguished three-term governor and U.S. Senator.