First American Title Company of Los Angeles releases survey pertaining to real ...


March 21, 1989, GLENDALE, CALIFORNIA

The Antelope Valley real estate market shows improvement with a significant decrease in unsold inventory, according to a survey released this week by First American Title Company of Los Angeles.

The average sales price of a single family detached home increased $29,561 during the last year, according to the figures compiled by First American Title Insurance Company's market research department.

Activity has been strong in Antelope Valley, with 106 new projects scheduled to begin sales during the year. The overall sales average increased from last year with an average of 1.3 sales per week.

At the survey's close, 34 single family detached projects were selling at an average price of $133,691. Last year's average price was $104,130. Of 4,514 total proposed units, 2,343 were sold at the end of 1988. Square footage averaged 1,729 per home with a value ratio of $77.32 per square foot. Prices ranged from a high of $265,000 for a 3,090-square-foot, five-bedroom, three-and-a-half-bath home to a low of $82,950 for a 1,149-square-foot, three-bedroom, two-bath home.

All the survey data collected reflects inventory available for sale between the survey dates of December 5, 1988, and January 5, 1989.

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

Market studies of single family subdivisions, industrial parks and other real estate activities are available for nine 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 4,500 branches, subsidiaries, affiliates or agents throughout the United States. The company also provides title services in Guam, Mexico, Puerto Rico, the Virgin Islands and the United Kingdom.

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