More Palmdale prices dip below $100K

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Median sales prices in the most distressed neighborhoods of Los Angeles County have now dipped below $100,000, according to MDA DataQuick’s report on September home sales.

In the 93591 ZIP Code in Palmdale, the median sales price for a single-family home fell to $91,000 in September, with price per square foot hitting $69. Here’s a typical listing in that area: 17800 Highacres Ave., a 3-bedroom, one-bath home that sold in 2006 for $260,000, and is now in foreclosure and listed for $74,900. That’s a potential decline of 71%.

I count 20 listings on Redfin.com in that ZIP that are now priced below $100,000, and 66 sub-$100K listings in all of Palmdale.

The lowest prices by neighborhood in the city of Los Angeles are in Watts, where the median price for a single-family home has fallen to $162,000.

Area / ZIP July August September
Palmdale/93591 $105,000 $101,000 $91,000
Lancaster/93534 $124,000 $125,000 $105,000
Lancaster/93535 $148,000 $140,000 $140,000
Palmdale/93550 $150,000 $145,000 $147,000
Littlerock/93543 $180,000 $158,000 $140,000
Palmdale/93552 $190,000 $179,000 $170,000
Lake Hughes/93532 $195,000 n/a $182,000
L.A.-Watts/90002 $200,000 $172,000 $162,000

-- Peter Viles

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