CARLSBAD – CalWest had a banner first quarter of 2026, selling 62 new homes in its San Diego developments totaling $55 million in sales as it prepares to open Costera Hill, a new single-family home development in Vista.

“Our current sales absorption has been incredibly strong. Our customers and people showing interest is up significantly from last year,” said Matt Thorne, partner and COO of CalWest.

“We’re seeing something very clear in the market – buyers are still moving when the product, location and value are right,” Thorne said. “Our first quarter results show that demand for new housing in San Diego remains real, even in a more volatile macro environment.”

As an inducement to potential buyers, CalWest is buying down mortgage interest rates to 4.99%. The average mortgage rate in the U.S. was 6.61% at the end of May.

Because of the variety of housing that it builds from Oceanside to South County, “We’re not relying on one single buyer profile,” Thorne said. “That diverse portfolio gives customers a lot of opportunities to purchase from a private home developer.”

Thorne predicted that 2026 will continue to be a strong year for CalWest, with increased activity in 2027 and 2028.

“A lot of people are coming into the market for the first time,” Thorne said. “Certainly the West Coast, if not the rest of the country, is figuring out that San Diego is an incredible place to call home. We’re definitely building to the demand.”

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