Both single-family houses and condominiums are selling at a "very good" pace in the Santa Clarita-Antelope valleys in northern Los Angeles County, according to a report issued by Roulac & Co.
A total of 1,616 new dwelling units were sold in the first quarter of this year, with builders averaging 1.37 sales a week in each development during the period, according to Diane Wilson, Southern California sales manager for the San Francisco-based firm.
She added that recent information indicates that single-family houses and condominiums are selling much faster in the second quarter and builders are rapidly running out of product.
A breakdown of the first-quarter sales figures shows that 1,437 new single-family houses were sold in the 82 projects in the region, with a weekly sales rate of 1.35. The median sales price was $96,201.