138 lot tentative tract map...population 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles...

21
EXCLUSIVE OFFERING MEMORANDUM NORTH EAST CORNER NISQUALLI RD & 9TH AVE, VICTORVILLE, CA 138 LOT TENTATIVE TRACT MAP

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Page 1: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

exclusive OFFeRiNG memORaNdum

North East CorNEr Nisqualli rd & 9th avE, viCtorvillE, Ca138 lot tENtativE traCt MaP

Page 2: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

The information contained in the following marketing document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kursch Group and should not be made available to any other person or entity without the written consent of Kursch Group. This marketing brochure has been prepared to provide summary, unverified information to prospective buyers and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kursch Group has not made any investigation and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, or the compliance with State and Federal Regulations.The information contained in this marketing document has been obtained from sources we believe to be reliable; however, Kursch Group has not verified and will not verify, any of the information contained herein, nor has Kursch Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein and have satisfied themselves to anything that may affect the site prior to consummating a transaction.

Broker ContactRyan TravisExecutive Vice President760.983.2594 [email protected] #01358790

Corporate Office12180 Ridgecrest Road, Suite 232 Victorville, CA 92395PH. 760.983.2383 FAX 760.983.2433WWW.KURSCHGROUP.COMCorporate BRE: 01896143

Rob KurthSenior Vice [email protected] #01244413

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TaBle OF cONTeNTs

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 3

01DEVELOPMENT SUMMARY SENECA RD, ADELANTO, CA

SITE SUMMARYTRACT MAP SITE PHOTOSLOCAL MAPDEMOGRAPHICS

03MARKET ANALYSISvICTORvILLE HOME RESALESnEW HOME COMMUnITIES MAPnEW HOME COMMUnITIES PRICE GRAPHACTIvELY SELLInG nEW HOME COMMUnITIES

02CITY OVERVIEW CHURCHES SUMMARYMEDICAL SERvICES SUMMARYCITY Of vICTORvILLE

138 LOT TTm - VICTORVILLE, CA

04REGION OVERVIEW SOUTHERn CALIfORnIA LOGISTICS CEnTREInfRASTRUCTURE PROjECTS

Page 4: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

siTe summaRY

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 4138 LOT TTm - VICTORVILLE, CA

ProPErtY ovErviEwThe subject property has an approved Tentative Tract Map for 138 Single family Residential Lots in the City of victorville. The project is subject to senior citizen housing age limitations, 55 years of age or older ‘senior citizen’. The development provides an opportunity to deliver new homes to senior citizens in a prime area for development.

loCatioNThe subject property is located north of nisqualli Road and east of ninth Avenue in the City of victorville, CA. from northbound Interstate 15: exit at nisqualli /La Mesa and turn right on nisqualli Rd. Travel east about 3/4 mile then turn left onto 9th Ave. The site is immediately on your right.

MuNiCiPalitY City of victorville (within City Limits)County of San Bernardino

assEssors ParCEl NuMbEr & aCrEaGE3092-421-06 16.383092-421-07 1.57Total Acres 17.95Net Acres 17.02

CoNditioN of thE sitEThe site is currently unimproved.

ZoNiNG PUD 1-87

ENtitlEMENt Tentative Tract Map 13535 for 138 single family lots, age restricted. Tract Map will expire September 2017, with possible extension of time(s).

lot siZEsAverage lot size of ±1,310 Sq. ft.

hoaCurrently, there is no HOA in place for the existing development within Phase I & II.

Cfd No site specific CFD is proposed for the property.

utilitiEsElectric Southern California EdisonGas Southwest Gas CompanyTelephone frontier CommunicationsWater/Sewer City of victorville

asKiNG PriCE$1,050,000

PRIME LOCATION FUTURE dEVELOPMENT

Page 5: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

TeNTaTive TRacT map 13535

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 5138 LOT TTm - VICTORVILLE, CA

Page 6: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

pROpeRTY phOTO

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 6138 LOT TTm - VICTORVILLE, CA

Aerial views west toward Interstate 15 interchange. The

Page 7: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

pROpeRTY phOTOs

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 7138 LOT TTm - VICTORVILLE, CA

SOUTHEAST VIEW SOUTHWEST VIEW

NORTHEAST VIEW

SOUTH VIEW

Above: Aerial views southeast . Nisqualli Rd - south of the site - leads east to Hesperia Rd, a primary north/south arterial.

Above: Aerial views southwest from north east corner of site. Phase 1 & 2 of the project are completed. Interstate 15 is a few blocks west and the area is well established with single family and multifamily homes.

Above: Street view south from the logical extension of Winona St. Adjacent homes to the east include phase 1 & 2 of this project.

Above: Street View from 9th Ave just north of Nisqualli Rd looking toward the northeast corner of the site. There are established homes around the property.

Page 8: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

lOcal map

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 8138 LOT TTm - VICTORVILLE, CA

The Site is in the path of progress with existing development and future developments planned for the immediate area. West of the project, a brand new freeway interchange was constructed at Nisqualli & La mesa Roads. This has opened the area to new development with a proposed Fuel Station and C-Store about two blocks west of the site as well as a planned development to include a hotel and restaurants.

Page 9: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

1, 3, 5 mILES RAdIuS dEmOGRAPHICS

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 9138 LOT TTm - VICTORVILLE, CA

pOpulaTiON 2016 20211 mile 9,995 10,4213 miles 31,055 32,9135 miles 79,134 83,133

hOusehOlds 2016 20211 mile 3,106 3,2043 miles 7,474 7,8525 miles 20,062 20,887

mediaN aGe 2016 20211 mile 30.3 31.03 miles 27.1 27.95 miles 28.2 28.8

aveRaGe hh iNcOme 2016 20211 mile $53,553 $57,2533 miles $59,746 $64,3925 miles $69,053 $75,112

POPuLATION 45+ YRS. OLd 2016 20211 mile 3,124 3,147 31.2% 30.2%3 miles 25,772 26,642 31.9% 31.8%5 miles 58,069 59,432 32.2% 31.4%

Source: stdb.com ESRI forecasts for 2016 and 2021

The High desert market is located 90 miles northeast of Los Angeles and encompasses the cities of Adelanto, Apple Valley, Barstow, Hesperia, Victorville and surrounding unincorporated areas of San Bernardino County. The regional population exceeds 442,000, nearly doubling from census data of 2000 to 2010. In fact, the city of Victorville was ranked the 6th fastest growing city in the united states for 2006! Interstate 15 bisects the region and Highway 395, Highway 18, Highway 138, Route 66 and Highway 58 all converge here. BNSF Railway runs throughout most of the high desert cities, hauling massive volumes of imported goods from the Ports of LA and Long Beach to the rest of the country.

Page 10: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

CHURCH NAME CITy1 Seventh day Adventist Church Victorville 2 Trinity Lutheran Church Victorville3 Victor Valley Bible Church Victorville4 First Church of the Nazarene Victorville5 St John Lutheran Church Victorville6 Sunrise Church of California Victorville7 New destiny Christian ministries Victorville8 Bible Baptist Church Victorville9 Victory Christian Center Victorville10 The Church of Jesus Christ of Latter-day Saints Victorville11 Oasis community church hesperia12 First Assembly of God Hesperia13 st hillary’s episcopal church hesperia14 Community of Christ Hesperia15 victor valley christian church hesperia16 Temple Baptist church hesperia17 mountain view Baptist church hesperia18 Turning Point Church Victorville19 First Assembly of God Victorville20 Holy Innocents Catholic Church Victorville21 St mary Coptic Orthodox Church Victorville22 Christian Covenant Church Victorville23 Horizon Church Victorville24 destiny Christian Center Victorville

chuRches summaRY

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 10138 LOT TTm - VICTORVILLE, CA

The property is served by 3 churches within a 1 mile radius and over 24 churches are within a 3 mile radius.

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MEdICAL SERVICE NAME CITy 1 Choice medical Group Victorville 2 Banko medical Center Victorville3 desert dental Group Victorville4 St mary’s High desert urgent Care Victorville5 Heritage Victor Valley medical Group Victorville6 desert Valley medical Group Victorville7 Apple Valley Comprehensive Cancer Center Victorville8 VETERAN AdmINISTRATION CLINIC Victorville9 Global Pain Care Victorville10 desert Valley medical Group Victorville11 Bear Valley urgent Care Victorville12 dESERT VALLEY HOSPITAL Victorville13 Advanced Optometric Eyecare Victorville14 Vision Express Optometry Hesperia15 dr. mike’s Walk In Clinic Hesperia16 Western dental & Orthodontics Hesperia17 desert dental Group hesperia18 Clinica mi Pueblo Victorville19 Pacific Eye Institute Victorville20 Kaiser Permanente medical Center Victorville21 Smile dental Victorville

medical seRvices summaRY

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 11138 LOT TTm - VICTORVILLE, CA

The property is served by numerous medical services, pharmacies and medical suppliers within a 3 mile radius, including desert Valley Hospital just one mile south of the site.

PHARMACy NAME CITy A Allcare Pharmacy VictorvilleB Queens Pharmacy VictorvilleC Your drug Store Victorvilled Vons Pharmacy VictorvilleE Walgreens Pharmacy HesperiaF a Family pharmacy hesperiaG cvs pharmacy hesperiaH Rite Aid VictorvilleI Vista Care Pharmacy VictorvilleJ Walmart Pharmacy Center Victorville

Page 12: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

CITY OVERVIEW

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 1288 138 LOT TTm - VICTORVILLE, CA

VICTORVILLE COUNTy: saN BeRNaRdiNO TOTAl AREA: ±73.74 SQuARE mILESINCORpORATED: SEPTEmBER 21, 1962mAyOR: GlORia GaRciaWEBSITE: WWW.VICTORVILLECA.GOV

Year Population Growth Rate1990 40,6742000 64,029 57.40%2010 115,903 81.00%2016 124729 7.61%2021 131219 5.20%

40,674

64,029

115,903

124729131219

57.40% 81.00% 7.61% 5.20%0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

1990 2000 2010 2016 2021

Population Growth Rate

2016 POPULATION 124,729 AVERAgE ANNUAl gROWTH (1990-2016): 5.62%fORECASTED ANNUAl gROWTH (2016-2021): 1.02%

CLIMATEVictorville is in the High desert region of Southern California where humidity is low and sunshine is plentiful.

AVg JANUARy lOW TEmp: 31 FAVg JUly HIgH TEmp: 100 FAVg ANNUAl RAIN fAll: 6.18 in.ElEVATION: 2,875 ft.

Source: usclimatedata.com/climate/victorville/california/united-states/usca1197 victorvilleca.gov/Site/AboutVictorville.aspx?id=66

Source: en.wikipedia.org/wiki/Victorville,_California

Page 13: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

Source: en.wikipedia.org/wiki/Victorville,_California

vicTORville hOme Resales

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 13138 LOT TTm - VICTORVILLE, CA

Number of Homes For Sale vs. Sold vs. Pended (Mar. 2016 - May. 2017)

May. 17For Sale 269

Sold 124Pended 168

3/16 4/16 6/16 7/16 9/16 10/16 12/16 1/17 3/17 4/17 5/17319 294 282 280 290 292 227 222 222 236 269197 187 190 178 157 153 79 134 189 193 193132 132 153 148 144 128 115 105 124 142 124147 168 158 139 129 122 88 101 149 149 168

2.4 2.2 1.8 1.9 2 2.3 2 2.1 1.8 1.7 2.22.2 1.8 1.8 2 2.2 2.4 2.6 2.2 1.5 1.6 1.6

41.4 44.9 54.3 52.9 49.7 43.8 50.7 47.3 55.9 60.2 46.146.1 57.1 56 49.6 44.5 41.8 38.8 45.5 67.1 63.1 62.5231 242 243 236 244 242 241 273 278 283 281188 208 223 220 214 217 215 226 223 229 233104 109 111 114 113 116 114 117 119 121 121

98 98 99 99 99 99 99 99 98 99 9997 97 99 98 99 98 98 98 97 98 9952 51 39 39 46 46 41 48 45 42 3769 64 46 50 54 53 44 52 49 43 45

190 205 218 215 220 217 220 220 227 223 235

Average Price per SQFT (Sold) (Mar. 2016 - May. 2017)

May. 17Avg. Sq. Ft. Price (Sold)

121

3/16 4/16 6/16 7/16 9/16 10/16 12/16 1/17 3/17 4/17 5/17319 294 282 280 290 292 227 222 222 236 269197 187 190 178 157 153 79 134 189 193 193132 132 153 148 144 128 115 105 124 142 124147 168 158 139 129 122 88 101 149 149 168

2.4 2.2 1.8 1.9 2 2.3 2 2.1 1.8 1.7 2.22.2 1.8 1.8 2 2.2 2.4 2.6 2.2 1.5 1.6 1.6

41.4 44.9 54.3 52.9 49.7 43.8 50.7 47.3 55.9 60.2 46.146.1 57.1 56 49.6 44.5 41.8 38.8 45.5 67.1 63.1 62.5231 242 243 236 244 242 241 273 278 283 281188 208 223 220 214 217 215 226 223 229 233104 109 111 114 113 116 114 117 119 121 121

98 98 99 99 99 99 99 99 98 99 9997 97 99 98 99 98 98 98 97 98 9952 51 39 39 46 46 41 48 45 42 3769 64 46 50 54 53 44 52 49 43 45

190 205 218 215 220 217 220 220 227 223 235

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr AgoApr. 17 % Change May. 17 May. 16 % Change Mar. 17 to Mar. 16 to % Change

236 14% 269 283 -4.9% 269 283 -4.9% 142 -12.7% 124 152 -18.4% 390 416 -6.2% 149 12.8% 168 166 1.2% 466 481 -3.1%

Date 5/16 8/16 11/16 2/17For Sale 283 304 250 218

New Listing 186 185 105 150Sold 152 138 121 88

Pended 166 128 120 126Months of Inventory (Closed 1.9 2.2 2.1 2.5Months of Inventory (Pended 1.7 2.4 2.1 1.7Absorption Rate (Closed 53.7 45.4 48.4 40.4Absorption Rate (Pended 58.7 42.1 48 57.8Avg. Active Price 242 232 240 274Avg. Sold Price 203 211 216 227Avg. Sq. Ft. Price (Sold) 113 113 115 115Sold/List Diff. % 99 99 99 98Sold/Orig LP Diff. % 98 98 99 97Days on Market 50 35 49 50

Avg CDOM 60 42 51 62Median 195 213 210 222

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr AgoApr. 17 % Change May. 17 May. 16 % Change Mar. 17 to Mar. 16 to % Change

121 0% 121 113 7.1% 120.36 108.88 10.5%

Date 5/16 8/16 11/16 2/17For Sale 283 304 250 218

New Listing 186 185 105 150Sold 152 138 121 88

Pended 166 128 120 126Months of Inventory (Closed Sales)

1.9 2.2 2.1 2.5Months of Inventory (Pended Sales)

1.7 2.4 2.1 1.7Absorption Rate (Closed Sales) %

53.7 45.4 48.4 40.4Absorption Rate (Pended Sales) %

58.7 42.1 48 57.8Avg. Active Price 242 232 240 274Avg. Sold Price 203 211 216 227Avg. Sq. Ft. Price (Sold) 113 113 115 115Sold/List Diff. % 99 99 99 98Sold/Orig LP Diff. % 98 98 99 97Days on Market 50 35 49 50

Avg CDOM 60 42 51 62Median 195 213 210 222

HOME RESALES

As of June 1, 2017 in the City of Victorville there were 269 listing Actively For Sale. 124 properties Sold in may 2017.

The Average Price per Sq. Ft. Sold in may 2017 was $121, up 7.1% in the same month of 2016. The Average Sold Price in may 2017 was $233,000, up 14.8% in the same month of 2016.

The Average Active Asking Price in may 2017 was $281,000, up 16.1% in the same month of 2016.

Source: VVAR.com

Avg Prices & Median Price (Mar. 2016 - May. 2017)

May. 17Median 235Avg. Active

Price281

Avg. Sold Price

233

3/16 4/16 6/16 7/16 9/16 10/16 12/16 1/17 3/17 4/17 5/17319 294 282 280 290 292 227 222 222 236 269197 187 190 178 157 153 79 134 189 193 193132 132 153 148 144 128 115 105 124 142 124147 168 158 139 129 122 88 101 149 149 168

2.4 2.2 1.8 1.9 2 2.3 2 2.1 1.8 1.7 2.22.2 1.8 1.8 2 2.2 2.4 2.6 2.2 1.5 1.6 1.6

41.4 44.9 54.3 52.9 49.7 43.8 50.7 47.3 55.9 60.2 46.146.1 57.1 56 49.6 44.5 41.8 38.8 45.5 67.1 63.1 62.5231 242 243 236 244 242 241 273 278 283 281188 208 223 220 214 217 215 226 223 229 233104 109 111 114 113 116 114 117 119 121 121

98 98 99 99 99 99 99 99 98 99 9997 97 99 98 99 98 98 98 97 98 9952 51 39 39 46 46 41 48 45 42 3769 64 46 50 54 53 44 52 49 43 45

190 205 218 215 220 217 220 220 227 223 235

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr AgoApr. 17 % Change May. 17 May. 16 % Change Mar. 17 to Mar. 16 to % Change

223 5.4% 235 195 20.5% 228 198 15.2% 283 0.7% 281 242 16.1% 281 238 18.1%

229 1.7% 233 203 14.8% 228 200 14%

Date 5/16 8/16 11/16 2/17For Sale 283 304 250 218

New Listing 186 185 105 150Sold 152 138 121 88

Pended 166 128 120 126Months of Inventory (Closed 1.9 2.2 2.1 2.5Months of Inventory (Pended 1.7 2.4 2.1 1.7Absorption Rate (Closed 53.7 45.4 48.4 40.4Absorption Rate (Pended 58.7 42.1 48 57.8Avg. Active Price 242 232 240 274Avg. Sold Price 203 211 216 227Avg. Sq. Ft. Price (Sold) 113 113 115 115Sold/List Diff. % 99 99 99 98Sold/Orig LP Diff. % 98 98 99 97Days on Market 50 35 49 50

Avg CDOM 60 42 51 62Median 195 213 210 222

Number of Homes For Sale vs. Sold vs. Pended (Mar. 2016 - May. 2017)

May. 17For Sale 269

Sold 124Pended 168

3/16 4/16 6/16 7/16 9/16 10/16 12/16 1/17 3/17 4/17 5/17319 294 282 280 290 292 227 222 222 236 269197 187 190 178 157 153 79 134 189 193 193132 132 153 148 144 128 115 105 124 142 124147 168 158 139 129 122 88 101 149 149 168

2.4 2.2 1.8 1.9 2 2.3 2 2.1 1.8 1.7 2.22.2 1.8 1.8 2 2.2 2.4 2.6 2.2 1.5 1.6 1.6

41.4 44.9 54.3 52.9 49.7 43.8 50.7 47.3 55.9 60.2 46.146.1 57.1 56 49.6 44.5 41.8 38.8 45.5 67.1 63.1 62.5231 242 243 236 244 242 241 273 278 283 281188 208 223 220 214 217 215 226 223 229 233104 109 111 114 113 116 114 117 119 121 121

98 98 99 99 99 99 99 99 98 99 9997 97 99 98 99 98 98 98 97 98 9952 51 39 39 46 46 41 48 45 42 3769 64 46 50 54 53 44 52 49 43 45

190 205 218 215 220 217 220 220 227 223 235

Average Price per SQFT (Sold) (Mar. 2016 - May. 2017)

May. 17Avg. Sq. Ft. Price (Sold)

121

3/16 4/16 6/16 7/16 9/16 10/16 12/16 1/17 3/17 4/17 5/17319 294 282 280 290 292 227 222 222 236 269197 187 190 178 157 153 79 134 189 193 193132 132 153 148 144 128 115 105 124 142 124147 168 158 139 129 122 88 101 149 149 168

2.4 2.2 1.8 1.9 2 2.3 2 2.1 1.8 1.7 2.22.2 1.8 1.8 2 2.2 2.4 2.6 2.2 1.5 1.6 1.6

41.4 44.9 54.3 52.9 49.7 43.8 50.7 47.3 55.9 60.2 46.146.1 57.1 56 49.6 44.5 41.8 38.8 45.5 67.1 63.1 62.5231 242 243 236 244 242 241 273 278 283 281188 208 223 220 214 217 215 226 223 229 233104 109 111 114 113 116 114 117 119 121 121

98 98 99 99 99 99 99 99 98 99 9997 97 99 98 99 98 98 98 97 98 9952 51 39 39 46 46 41 48 45 42 3769 64 46 50 54 53 44 52 49 43 45

190 205 218 215 220 217 220 220 227 223 235

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr AgoApr. 17 % Change May. 17 May. 16 % Change Mar. 17 to Mar. 16 to % Change

236 14% 269 283 -4.9% 269 283 -4.9% 142 -12.7% 124 152 -18.4% 390 416 -6.2% 149 12.8% 168 166 1.2% 466 481 -3.1%

Date 5/16 8/16 11/16 2/17For Sale 283 304 250 218

New Listing 186 185 105 150Sold 152 138 121 88

Pended 166 128 120 126Months of Inventory (Closed 1.9 2.2 2.1 2.5Months of Inventory (Pended 1.7 2.4 2.1 1.7Absorption Rate (Closed 53.7 45.4 48.4 40.4Absorption Rate (Pended 58.7 42.1 48 57.8Avg. Active Price 242 232 240 274Avg. Sold Price 203 211 216 227Avg. Sq. Ft. Price (Sold) 113 113 115 115Sold/List Diff. % 99 99 99 98Sold/Orig LP Diff. % 98 98 99 97Days on Market 50 35 49 50

Avg CDOM 60 42 51 62Median 195 213 210 222

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr AgoApr. 17 % Change May. 17 May. 16 % Change Mar. 17 to Mar. 16 to % Change

121 0% 121 113 7.1% 120.36 108.88 10.5%

Date 5/16 8/16 11/16 2/17For Sale 283 304 250 218

New Listing 186 185 105 150Sold 152 138 121 88

Pended 166 128 120 126Months of Inventory (Closed Sales)

1.9 2.2 2.1 2.5Months of Inventory (Pended Sales)

1.7 2.4 2.1 1.7Absorption Rate (Closed Sales) %

53.7 45.4 48.4 40.4Absorption Rate (Pended Sales) %

58.7 42.1 48 57.8Avg. Active Price 242 232 240 274Avg. Sold Price 203 211 216 227Avg. Sq. Ft. Price (Sold) 113 113 115 115Sold/List Diff. % 99 99 99 98Sold/Orig LP Diff. % 98 98 99 97Days on Market 50 35 49 50

Avg CDOM 60 42 51 62Median 195 213 210 222

Page 14: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

ACTIVE mARKET OVERVIEW

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 14138 LOT TTm - VICTORVILLE, CA

1 DR HORTON WILLOW POINTE

2 fRONTIER HOmES sTONe BRiaR

3 KB HOmES WILdFLOWER

4 KB HOmES FalcON RidGe

5 lEgACy HOmES spRiNGField

6 WATERmARKE HOmES FOxFiRe RaNch

7 EVERgREEN HOmES SKY HAVEN II

8 DEl WEBB suN ciTY

9 EVERgREEN HOmES cedaR heiGhTs

Page 15: 138 lot tENtativE traCt MaP...pOpulaTiON 2016 2021 1 mile 9,995 10,421 3 miles 31,055 32,913 5 miles 79,134 83,133 hOusehOlds 2016 2021 1 mile 3,106 3,204 3 miles 7,474 7,852 5 miles

NEW HOmE COmmuNITIES PRICE GRAPH

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 15138 LOT TTm - VICTORVILLE, CA

$150,000.00

$200,000.00

$250,000.00

$300,000.00

$350,000.00

$400,000.00

1 , 0 0 0 1 , 5 0 0 2 , 0 0 0 2 , 5 0 0 3 , 0 0 0 3 , 5 0 0

BASE

PRI

CIN

G

SQUARE FOOTAGE

KB Homes Wildflower at La Haciendas KB Homes Falcon Ridge D.R. Horton Willow Pointe

Evergreen Homes Sky Haven II Evergreen Homes Cedar Heights Frontier Communities Stone Briar

Del Webb Sun City Legacy Homes Springfield Watermarke Homes Foxfire Ranch TBD

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ACTIVE NEW HOmE COmmuNITIES

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 16138 LOT TTm - VICTORVILLE, CA

dR HORTON WILLOW POINTE

CITY: Adelanto PROduCT: Single Family

PRICE RANGE: $261,060 - $278,735 HOA: N/A

HOuSE SIZE: 1,898 - 2,239 SF PRICE/SF: $124.49 - $137.54

Source: drhorton.com/California/Victorville

FRONTIER COMMUNITIES STONE BRIAR

CITY: Adelanto PROduCT: Single Family

PRICE RANGE: $234,990 - $252,990 HOA: N/A

HOuSE SIZE: 1,639 - 2,002 SF PRICE/SF: $126,37 - $143.37

Source: fhcommunities.com

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ACTIVE NEW HOmE COmmuNITIES

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 17138 LOT TTm - VICTORVILLE, CA

KB HOMES WILdFLOWER AT LA HACIENdAS

CITY: Victorville PROduCT: Single Family

PRICE RANGE: $240,990 - $278,990 HOA: N/A

HOuSE SIZE: 1,698 - 2,899 SF PRICE/SF: $96.24 - $141.93

Source: KBhome.com

KB HOMES FALCON RIdGE

CITY: Adelanto PROduCT: Single Family

PRICE RANGE: $268,990 - $306,990 HOA: N/A

HOuSE SIZE: 1,624 - 2,537 SF PRICE/SF: $121.01 - $165.58

Source: KBhome.com

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ACTIVE NEW HOmE COmmuNITIES

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 18138 LOT TTm - VICTORVILLE, CA

LEGACy HOMES SPRINGFIELd

CITY: Victorville PROduCT: Single Family

PRICE RANGE: $255,990 - $303,990 HOA: N/A

HOuSE SIZE: 1,834 - 2,653 SF PRICE/SF: $114.58 - $139.58

Source: Legacyhomesusa.com

WATERMARKE HOMES FOXFIRE RANCH

CITY: Victorville PROduCT: Single Family

PRICE RANGE: TBd HOA: N/A

HOuSE SIZE: 1,848 - 2,429 SF PRICE/SF: TBd

Source: watermarke-homes.com

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ACTIVE NEW HOmE COmmuNITIES

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 19138 LOT TTm - VICTORVILLE, CA

dEL WEBB SUN CITyACTIVE LIVING 55+ COMMUNITy

CITY: Apple Valley PROduCT: Single Family - Senior Living

PRICE RANGE: $232,990 - $278,990 HOA: Yes

HOuSE SIZE: 1,511 - 2,340 SF PRICE/SF: $119.23 - $154.20

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ACTIVE NEW HOmE COmmuNITIES

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 20138 LOT TTm - VICTORVILLE, CA

EVERGREEN HOMES SKy HAVEN II

CITY: Victorville PROduCT: Single Family

PRICE RANGE: $259,990 - $364,990 HOA: N/A

HOuSE SIZE: 1,601 - 2,579 SF PRICE/SF: $141.52 - $162.39

Source: evergreenhomesca.com

EVERGREEN HOMES CEdAR HEIGHTS

CITY: Hesperia PROduCT: Single Family

PRICE RANGE: $279,990 - $384,990 HOA: N/A

HOuSE SIZE: 1,727 - 2,909 SF PRICE/SF: $132.34 - 143.37

Source: evergreenhomesca.com

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REGIONAL OVERVIEW

KursCh GrouP iNlaNd EMPirE Northwww.KursChGrouP.CoM 21138 LOT TTm - VICTORVILLE, CA

SOUTHERN CALIFORNIA LOGISTICS CENTRE (picTuRed leFT)

The High desert is home to Southern California Logistics Centre (SCLC), an 8,500 Acre multi-modal logistics hub. SCLA, the 2,500 Acre logistics airport, provides two intercontinental runways including a 15,050 foot runway, allowing access for even the heaviest aircraft. GE Aviation and Boeing are just a two of the companies that have taken advantage of the low traffic, low humidity airport - ideal for aircraft painting, flight testing, uAS pilot training and more.

2,500 acres are dedicated to industrial/manufacturing development, already home to numerous industry leaders like dr Pepper Snapple Group, Newell Rubbermaid Brands, Church & dwight, Plastipak, and Arden Companies.

INFRASTRUCTURE

There are more than $1.8 Billion in infrastructure projects planned for the region to take place within the next 5 years. The High desert experienced a massive 75% population growth from census years 2000 to 2010, leaving much of the roadways ill-equipped for the influx of vehicle traffic on surface streets and highways.

Two new interchanges have been constructed since 2014 on Interstate 15: one at Ranchero Rd in Hesperia, and one at Nisqualli/La mesa Rds in Victorville. Additionally, the I-15 interchanges at d St, E St, Stoddard Wells Rd in north Victorville are currently undergoing a full overhaul to widen the freeway, bridges and realign the on/off ramps.

The cities of Victorville and Apple Valley have embarked on a joint project to create another east-west arterial in the High desert. The Town of Apple Valley has recently completed the Yucca Loma bridge over the mojave River which will connect the east valley with the logical extension of Green Tree Blvd in Victorville upon the completion of a bridge over the BNSF Railway. (PICTuREd RIGHT)

Local city streets have been under construction to repave, widen, and add stop lights in an effort to improve traffic flow.