2009 New Home Sales/ Building Permits

NEW HOME SALES / BUILDING PERMITS
ANTELOPE VALLEY NEW HOME SALES
  UNITS SOLD AVERAGE SALES PRICE
AREA 2008 2009 % CHANGE 2008 2009 % CHANGE
East Lancaster 177 150 -15% $248,261 $178,670 -28%
West Lancaster 122 83 -32% $323,328 $328,659 2%
West Palmdale 207 131 -37% $326,684 $268,802 -18%
East Palmdale 287 140 -51% $275,068 $219,446 -20%
Total 793 504 -36% $293,335 $248,894 -15%
New home sales activity in the Lancaster and Palmdale markets continue to slow ending the year with just 504 units closed. The average price of a new home fell in each submarket with the exception of West Lancaster where the price was up slightly, 2%.
  RESIDENTIAL   NON-RESIDENTIAL
  NEW HOUSING UNITS DOLLAR VOLUME IN $1,000s   BUILDING IN $1,000s
Palmdale Year Single Family Multi- Family Total Units New Single- Family New Multi- Family Res. Alter. & Additions Total Residential   Year New Comml New Industl New Other Alter. & Additions Total Nonresid. Total All Building
  1999 495 344 839 $49,931 $13,919 $1,270 $85,119   1999 $29,100 $400 $5,429 $10,659 $45,588 $130,707
  2000 608 0 608 $97,637 - $1,812 $99,449   2000 $16,520 - $5,729 $8,402 $30,651 $130,100
  2001 812 0 812 $141,155 - $2,024 $143,178   2001 $14,298 $6,438 $5,405 $14,689 $40,829 $184,008
  2002 978 0 978 $176,679 - $3,034 $179,713   2002 $9,403 $116 $7,331 $7,764 $246,124 $204,326
  2003 946 0 946 $179,263 - $3,472 $182,735   2003 $32,371 $6,155 $12,611 $12,345 $63,483 $246,218
  2004 1,371 0 1,371 $297,665 - $3,906 $301,571   2004 $12,976 $4,617 $18,938 $14,531 $51,061 $352,632
  2005 1,579 0 1,579 $367,806 - $3,961 $371,767   2005 $18,875 $13,944 $19,628 $9,719 $62,167 $433,934
  2006 1,213 91 1,304 $281,265 $4,096 $4,146 $289,509   2006 $25,870 $1,833 $10,158 $13,274 $51,137 $340,646
  2007 839 236 1,075 $186,302 $15,783 $3,135 $205,241   2007 $55,684 $1,513 $12,278 $9,979 $79,454 $284,694
  2008 379 158 537 $83,025 $11,851 $1,362 $96,240   2008 $19,433 - $2,642 $12,976 $35,051 $131,291
  2009 261 0 261 $57,920 - $1,533 $59,453   2009 - - $1,990 $10,544 $12,535 $71,989
     
  RESIDENTIAL   NON-RESIDENTIAL
  NEW HOUSING UNITS DOLLAR VOLUME IN $1,000s   BUILDING IN $1,000s
Lancaster Year Single Family Multi- Family Total Units New Single- Family New Multi- Family Res. Alter. & Additions Total Residential   Year New Comml New Industl New Other Alter. & Additions Total Nonresid. Total All Building
  1999 341 157 498 $47,195 $8,247 $2,837 $58,279   1999 $8,206 $1,313 $4,861 $6,137 $20,517 $78,795
  2000 279 132 411 $39,885 $7,200 $3,051 $50,136   2000 $12,766 $3,124 $5,882 $5,530 $27,302 $77,439
  2001 577 194 771 $81,628 $3,355 $3,291 $88,274   2001 $37,574 $1,584 $4,375 $5,799 $49,332 $137,606
  2002 437 0 437 $63,934 - $3,227 $67,162   2002 $10,791 $1,997 $4,117 $8,002 $24,906 $92,068
  2003 972 2 974 $152,481 $189 $4,200 $156,870   2003 $24,936 - $7,257 $6,064 $38,258 $195,128
  2004 1,740 369 2,109 $302,462 $19,841 $4,879 $327,183   2004 $29,329 $272 $9,546 $4,550 $43,697 $370,880
  2005 2,799 78 2,877 $504,987 $5,091 $6,973 $517,051   2005 $17,023 $2,667 $6,810 $7,082 $33,582 $550,633
  2006 1,663 106 1,769 $298,260 $6,988 $6,136 $311,385   2006 $41,522 $950 $11,166 $6,348 $59,988 $371,374
  2007 806 2 808 $134,551 $310 $4,216 $139,075   2007 $24,844 $857 $4,501 $4,541 $34,744 $173,819
  2008 253 144 397 $42,822 $8,788 $4,652 $56,263   2008 $26,888 $2,479 $1,895 $9,561 $40,825 $97,089
  2009 187 80 267 $36,510 $10,440 $2,889 $49,840   2009 $5,181 - $1,514 $5,731 $12,427 $62,268
2,095 detached single-family building permits were issued in Los Angeles County in 2009, 21.3% of these were issued in the Antelope Valley.
Source: Construction Industry Research Board, First American Title, GAVEA.