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Local Expert Insights

• Supply of homes has dropped significantly, 25% of level just 8-9 months ago

• For older homes that are priced lower, try zip codes 93550, 93534

• For more desirable, newer properties on the west side, try 93551 and 93536

• With the decrease in supply, some lower-priced properties may receive over 20 offers

• Average days on market is now less than 30 (non short sales)

• Rental market is strong as victims of foreclosure are entering the market

Overview

Incorporated in 1962, Palmdale is a city of nearly 130,000 people located in northeast Los Angeles County, in Southern California. Palmdale is a little over an hour north of the City of Los Angeles, over the San Gabriel Mountains.

The Antelope Valley Enterprise Zone and the Foreign-Trade Zone both offer businesses friendly state and federal tax breaks through their respective programs.

The City is known as a family-oriented community with a high quality of life. A new state of the art medical center opens in 2009, including the region’s largest emergency department, a helipad, medical office towers, and a senior housing complex.

On the Map

July 2009 | www.SmartZip.com

PALMDALE, CA

Key Investment Metrics

Average SmartZip Score™ 72 Growth

62 Income

Average Market Value: $198,522

$107 per Sq. Ft.

10-Year Proj. Appreciation: 43%

Average Monthly Rent: $1,666

Average Cap Rate: 4.3%

10-Year Proj. Population Growth: 21%

About the Top 10 Markets The SmartZip Top 10 Markets™ is a featured list of the top rated markets hand-picked by our panel of investment analysts. Candidates for the list are identified using our proprietary SmartZip Score™ ratings averaged across the Growth and Income investment strategies. Learn more at www.SmartZip.com

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