First American Title Company of Los Angeles releases market research survey ...


February 10, 1987, GLENDALE, CALIFORNIA

This week First American Title Company of Los Angeles is releasing its market research survey of the East San Gabriel Valley, the first study the company has conducted in this area since September 1977.

At the survey's close, 27 single family detached projects were selling at an average price of $174,150. Of 5,386 total proposed units, 3,649 were sold at the end of December 1986. Square footage averaged 1,965 per home with a value ratio of $88.63 per square foot. Prices ranged from a high of $296,800 for a 3,246 square-foot, four bedroom, three bath home to a low of $73,500 for a 900 square-foot, one bedroom, one bath home.

Also surveyed were 21 condominium and planned unit development (townhouse) projects selling units at an average price of $112,037. Average square footage was 1,298 yielding a value ratio of $86.32 per square foot. Prices ranged from a high of $209,000 for a 1,517 square-foot condominium with three bedrooms and two baths to $64,995 for an 800 square-foot condominium with one bedroom and one bath. Of the 3,839 total proposed units surveyed, 2,407 were sold at the survey's close.

All the survey data collected reflects inventory available for sale during the month of December 1986.

Copies of the residential sales survey for the East San Gabriel Valley area are available free from the Subdivision Department, First American Title Company of Los Angeles, 520 North Central Avenue, Glendale, Calif. 91203 or by calling (818) 242-5800.

Market studies of single family subdivisions, industrial parks and other real estate activities are available for 14 California counties on a limited geographical basis. Free copies of these surveys are available from First American Title Insurance Company by calling the Market Research Department at (714) 558-3211 extension 6234.

First American Title Company of Los Angeles is a wholly-owned subsidiary of First American Title Insurance Company, headquartered in Santa Ana, Calif., and one of the nation's largest title insurers with over 2,500 branches, subsidiaries, affiliates or agents throughout the United States and in Guam, Puerto Rico, the U.S. Virgin Islands and England.

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