Toll Brothers Opens Ridgefield Luxury Community with $1M Starting Prices, Faces Hold Rating
Toll Brothers opened its first Ridgefield, Washington community at Quail Ridge, offering homes from 2,790 to 3,618 sq ft with pricing starting at $1 million. Despite cancellation rates dropping to 2.8% and a 9% rise in community count, orders remained flat and backlog fell year-over-year, keeping the stock on hold.
1. Launch of Quail Ridge Community
Toll Brothers launched its first Ridgefield, Washington community at Quail Ridge, featuring modern one- and two-story floor plans ranging from 2,790 to 3,618 square feet. Homes include 4–6 bedrooms, 3–5 baths, 2–4 car garages and options like daylight basements, lofts and first-floor bedrooms, with pricing starting at $1 million and convenient access to local schools and recreation.
2. Market Metrics and Analyst Verdict
Cancellation rates declined to 2.8% and community count rose 9%, reflecting sequential backlog improvement, but orders remained flat and year-over-year backlog is lower. These mixed indicators prompted analysts to maintain a hold rating on Toll Brothers shares, citing limited confidence in a sustained recovery.