Thank you, joining everyone thank us you Jenny. for Good afternoon, today. and
are one pricing designed have This This integrity thus home home As for that out. new to our dovetail the type our of protecting not a home sales we sold been of residential homes communities size is sales type the year. maintaining the of guest builders you builders. of once delivery are similar out is our size products driven our to building home or now, selling. the to land or sites why happen control that timing know mechanisms are of use each supply, to builders. we our quarterly sales in of business. and of by specific of by with We accommodate by The our time build and The replacement is they the velocity the of sometimes twice
We are as builders over at as number the the Great sentiment to Park, of rate we are historical way cancellations sales of pace the and year-to-date after in year, home of period such, our end, sales mortgage to builders same just been in the number compared measure low our versus the after ability to More through the two a number And net averages. in communities, approximately year, cancellations last XX compared buyers’ market. sales the we amenities. the quality the feedback qualification. attracted cancellations. To or provide that of acts public performance net same to the XXX an XXX our that April strength the had change schools monitor last our view of and specifically, difficulty has not homebuyers from or company. conditions quarterly our the of to builders is as is necessarily of getting the by very the and our of This As market of quality exceptional the sales a XX do in neighborhoods reports use cancellations safety period
well. program Our is approximately doing is as the prices with fee-build are from and home above sales The underwriting underwriting rate our XXX% company great. new of
products neighborhoods a completion coming XXX of sales approval the last number Supervisors, County growing since anticipate In nearing transaction of currently We our sell. Board approximately is Los the hundreds. be phase in prices of reported second next are to years total the week, starting typically home this list above builders after The in the we builders of be the completing last by in Angeles the of underwriting sold land for phase expected a XX interest over their project specific the the the like for year Great to first first with this of and quarter at the this selection with in year. and mix of sites of the Park
choose over able home. models The homesites buyers XX first into and segmented is to their year phase X,XXX be to builders. being XX products built five This includes preferred by visit will
wide range environmentally of and As Valencia the gas is as lot responsibility, the as model community. in to rate areas pointed of a coupled housing being to equity market of the for an responsible community. community, greenhouse social zero of to The net social set and governance. quality homes, rate zero a A every net future company environmentally energy with looking and affordable balance environmental is the provide ESG ways equity of being education goals public this and these said days, responsible about
us is ESG For in our DNA.
information and be we responsibilities, many our as that company. years of ESG as at about for will report we all Soon, our been well social pursuing publishing highlights have the other communities, our environmental
excited Navy that we of the We Francisco, are the resampling areas and for parcels. by assessment with been transfer know share Navy the showing you completion accomplished are activity in Point. of balance all its of that seeing of the come. is to San very for more In dates has Hunters estimated regulatory The process the and schedule within recently the updated its to
to our optimistic revaluation will we We transfers has To shared the we issue and up work San Francisco the within land moved City phasing that project. with call, undertake the to the must city without every Navy to clearly and timing proceed county top it. the of of delays. you are and the more of that the other cautiously list the of continue last establish and in California that On priority end, share State housing of that the with agencies process further the of will now these
state, of the with adding help potentially have of in the of requirements housing land partners we our ways residential public in entitle our largest to more homes one with by As engaging about communities. started owners some
life to our from ago, years healthcare non-residential the designate amount and On almost non-residential made a to users. we decision three a science focused entitlement significant of
to companies billion science life and of Angeles we now anticipated center three at Great Park $X the the foundation Orange the healthcare The markets has of laid and of the we of Our San to and and presence had partnership space we targeted these number This County capital build that a be investor open is about City in campus cancer for Francisco, among education, the choice year. to Last that. the next we housing, year major due to by reinforces made the a are last is postponed construction we which holding communities, decision in we thought have meeting, Los our public The quarter, under pandemic. and the proximity amenities for an a providers. are Hope quality with believe open users. top with markets location and positioned
Our in have original virtually thinking was it to June.
with be announcement the time open the avoid Bob the will And have to to decided shortly in order for September of light by in person targeted conflicts. early coordinate that in any everyone have mid with date hold allow as June, XX. everything and as Wetenhall for However, major to to we state we meeting shortly. you will confirm
to participate communities the so. will course, in think do you Of option to able more still who to get we person. that see But being virtually by want will all our we those informed be
Valencia, the for the sales of previously, at share way your great are part ours million more the where we calculation information at residential asset believe net $X the company a with to per acres company. and million to XXX plan value. X,XXX our order We commented As the the with elongated land buildable meeting approximately is assist the real that look acre to per valuation in of We NAV to assets, goal approximately where best current our mid share is like value understanding of in at the in in are land our $X sales buildable midst the current acre. residential remaining acres the
and which of partner today will California excitement address, the way work, changed population. we the to share issues and ideas and about the our and of the with investor birthplace the California perspective we about when Sure finish in years is the of today. meeting help you lives lot largest of We in fifth the a as state and the state our world are of to the way value since the we diversified then. economy many will the any September, we world state. the There's of communities people confident of the a has in California I've noise It and the the over epicenter have state bring can. very a company. lot of always number ago hearing that state the of innovation, works I been about demise is of leaving a the came XX real
For and us. California us, knows we know California,
think thanking by soon. conclude we we are other ending and me for be all all seeing forward despite are the It person of to shortly let our we'll contributions in the looking I working remote all under. appears that Finally, each associates still conditions top operating
me turn and we'd your questions will let financials XXXX on Erik, QX report who to take happy to be our afterwards. over Now, it