The Siracusa Report:
Antelope Valley New Housing Market Trends

Aside from its strategic role as the nation’s incubator of cutting edge aviation and aerospace technology, the Antelope Valley has long been regarded as a key provider of affordable housing for the Los Angeles metropolitan area. Situated an hour’s drive north of downtown Los Angeles, the Antelope Valley is accessible by freeway or rail line and thousands of commuters traverse these routes daily to jobs scattered throughout the northern Los Angeles County region.

This report includes:

  • The Market In Perspective
  • Market Highlights
  • Overall Sales Activity
  • Sales Summary: Detached vs Attached
  • Sales By Square Footage
  • Sales By Bed/Bath
  • Pricing Trends
  • Sales By Price Range
  • Inventory Trends
  • Inventory Status
  • Sneak Preview of New Openings
  • Residential Building Permits
  • Active Project Summaries

In recent decades, the Antelope Valley communities of Lancaster and Palmdale have matured into growing urban job centers with their own business and industrial parks, shopping centers, a regional mall, as well as rapidly growing medical and hospital facilities.  Also, vital to the local economy are the historic military and aerospace landmarks of Plant 42 where legendary civilian and military aircraft have been assembled and Edwards Air Force Base, America’s test center for new military aircraft.

20 Years of Continuous Monitoring

For more than 20 years, The Siracusa Company has been providing continuous quarterly audits for all active new home tracts in the Antelope Valley region. This quarterly publication provides residential and commercial real estate developers, appraisers, lending institutions, real estate investment trusts, and others with accurate, up-to-date and objective information regarding housing development activity, pricing, sales, inventory, and other performance measures of this marketplace.

Learn More About the Market

The Antelope Valley edition contains instructive tables and graphs, which illustrate specific components of the market, such as active housing projects, pricing and absorption trends, sales by plan and price range, sales by square footage range, and inventory levels. We further supplement the report with current and historical information on building permits and a section summarizing future projects, such as those under construction, but not yet open for sales and others which have a probability of starting in the months ahead.

A key aspect of the Antelope Valley edition of The Siracusa Report is the arrangement of the data into geographic submarkets, which uniquely reflect the market segmentation of this high desert region. At the broadest level, our submarkets include the major communities of Lancaster and Palmdale, as well as the small, unincorporated community of Rosamond, situated in Kern County, just north of the Los Angeles County line. Beyond this, a bonus feature is the arrangement of our Lancaster and Palmdale data into east and west components, allowing for more precise understanding of local market segmentation with respect to active projects, sales, pricing, inventory, etc.

Submarket Areas

Active Projects

New Projects This Qtr

Total Net Sales

Sales Rate Per Week
Per Project

Average Base Price

Unsold Inventory

Weeks of Inventory

Lancaster

39

2

101

0.22

$355,862

260

30.55

• East

13

1

60

0.38

$298,410

100

18.68

• West

25

1

41

0.13

$408.894

160

50.66

Palmdale

26

2

189

0.59

$301,380

198

12.82

• East

16

1

121

0.58

$277,059

132

14.18

• West

10

1

68

0.61

$344,956

66

10.74

Rosamond

4

0

12

0.23

$273,274

30

32.50

Antelope Valley

69

4

302

0.36

$319,572

488

19.49

Frequency of Publication

The Antelope Valley edition is published four times a year in the months of February, May, August, and November. If you would like to purchase a single issue or an annual subscription, please download our order form.

 

Copyright © 2008 The Siracusa Company, All Rights Reserved