The most active buyers currently picking up land in the Antelope Valley right now are private investors who have been trading land in the sub-market for decades. City Ventures recently closed on the 585-Acre Joshua Ranch in West Palmdale. No new deals have transacted in East Palmdale since February 2010.
Two Lancaster deals to note that were brokered by the Land Advisors’ High Desert Team in recent months:
- The Reserve – 32 Finished Lots in West Lancaster
- Falcon Point – 219 Finished and Semi-finished Lots in East Lancaster
Only a handful of residential land REO’s remain available for sale within the Antelope Valey sub-market. Land Advisors currently has three of approximately the five total exclusive listings.
Development impact fees have held steady, with little or no change in rates in the City of Lancaster in 2011.
Source: Michel Faris, Marketing Consultant, (949) 852-8288 x14