Real Estate Analysis and Commentary in Victorville

A total of 95 parcels were discovered in Old Town Village that may be used for development. Fifty eight are privately owned and 38 are owned by the city. The total acreage is 23.51 with the average ranging from 7,100 sf to 12,837 sf; the median ranges from 7.100 sf to 8,986 sf. The majority of the sites would meet the requirement of minimal lot size for housing with a small percentage consisting of land remnants. This sector consists of 27.89% of the total land area in the Village. 

The following chart demonstrates the price trend for land sales (privately owned) over the prior 25 years. 



Overall, the trend is declining, which may be attributed to the lack of demand for new development.