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| While the resale value of homes in the Valley has
gone up 25% to 50% in the last 12 months, the median
price of most resale residential properties remains under
$300,000, according to Data Quick. Although home prices
keep climbing in the state, low prices in the Valley keep
drawing buyers. |
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| In 2003, 2,223 permits for single-family homes were
issued in the Valley. That number of permits increased by
more than 62% to 3,616 in 2004, according to Construction
Industry Research Board figures. Permits issued for new
homes in Lancaster rose 79%, from 972 in 2003 to 1,740.
In Palmdale the number of permits drawn increased 44.9%
from 946 in 2003 to 1,371 in 2004. |
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| The values of those permits rose 81.1% across the
Valley, from $411 million in 2003 to $744.6 million in
2004. Demand for new homes in the Valley has continued to
grow. The number of people who have signed the Anaverde
"interest list," for example, is about 6,000,
said Carolyn Crocker-Harkness, community relations
manager for the west Palmdale master-planned community. |
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