The word is that most public homebuilders are steering clear of the Antelope Valley (northeast Los Angeles County) these days. One large “public” is now on the search for deals in and around Palmdale and Lancaster.
Private investors are the more active buyers and sellers in the “AV” right now. They’re cautious in their approach, only taking shots at “screaming” deals, with little risk. Very few bank owned properties are left at this point.
The western portions of Palmdale and Lancaster are known as the higher quality investment areas. However, no clear “hot spots” are currently apparent.
Source: Marketing Consultant, Michel Faris (949) 852-8288 x14