Home buying in the San Fernando Valley during 1987 hit the highest figure in the '80s, according to the San Fernando Valley Board of Realtors.
A total of 16,495 houses and condominiums were sold during 1987, making it the best year since 1979, when 19,964 were sold.
The combined average sale price of single-family houses and condos sold during 1987 increased 14% over 1986 to $187,270.
About 84.9% of 1986 sales in San Fernando Valley were single-family houses. That percentage, according to the board, fell to 80.9% last year as condos increased their market share because of a dwindling inventory of single-family houses.