Adelanto
Real Estate
High Desert home prices nearly half of state average
Home sales in the state inched up in January for the second straight month as interest rates continued to take a breather, according to the California Association of Realtors. California’s median home price receded in January to $751,330, down 3% percent from the $774,850 recorded in December, which was the fifth straight monthly decline.
Industrial building at SCLA in Victorville sells for $6M
Lee & Associates Inland Empire North announced the sale of a large industrial building at Victorville's Southern California Logistics Airport. Sanger Properties paid $6 million for the 27,708 square-foot building located at 18350 George Blvd., the former communications center at the shuttered George Air Force Base. Sanger Properties officials say they bought the property to expand the company's footprint in the growing High Desert market.
Rents likely to rise in the High Desert, USC forecast says
VICTORVILLE – Inflation, rising interest rates and changing migration patterns make it “hard to predict the future”, says the USC Casden Multifamily Forecast report. Rents are predicted to rise fastest in the High Desert – by 17% to $1,543 a month by the summer of 2024.
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