| "These are very large homes on very large
homesites," Norvell said. The houses between 2,500
and 3,500 square feet, will be built on lots ranging from
21,000 to 41,000 square feet. Demand for the homes in the
Estate at Quartz Hill, which are not for the average
first-time home buyer, is centered on people who are
selling their older houses that have doubled or tripled
in value and can afford a newer, larger home. "The
majority our our buyers have been Lancaster move-up
buyers." Pulte has two other tracts in the Valley,
Ashton Place in Lancaster and Medeleine Court in east
Palmdale. Ashton Place, with homes selling for $378,000
and up, opened in May 2004, followed by Madeleine Court
in August. So far Pulte has sold more than 100 homes in
the three tracts, she said, with about 2,000 people on
various interest lists. |
| Palmdale, with demand high for homes in the
master-planned Anaverde community, issued more than 50%
more permits the first two months of 2005, from 162 in
2004 to 249 in 2005, according to the Construction
Industry Research Board. Permit values for homes to be
built rose 70.9% in Palmdale, from $32 million in January
and February of 2004 to $54.8 million in the first two
months of 2005. |
