Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley November 19, '09
Real Estate is in the news today with related stories. New building starts for homes are down which is predictable due to the year end slow down. However these are mostly national numbers and don’t reflect your local market. In the Great Antelope Valley Palmdale & Lancaster in Los Angeles County in Southern California are way ahead of the curve. We have sold over 7,000 homes in 2008 and are already over 8,000 for 2009. New home starts are up here bucking the national trend.
The other side of the new is Foreclosures again nationality 1 in 7 mortgage holders are in distress at lest behind by one payment. However the banks are working on improving the short sale process and make some loan modification to stem the tided of some of these bank own homes flooding the market… In the Antelope Valley we are see a tricle of bank owe home coming on to the market...
Our advice if your are looking to buy a home or have to sell now could be the best time as prices are reduced by 50%. Selling if you must to get out of a bad Situation don’t hesitate take action now and contact a qualified Short Sales Specialist…
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Pre-foreclosures
Monthend Numbers
October '09 September '09 August '09
Listed 659 701 691
Pending 593 725 564
Sold 549 564 621
The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*
| New Listings |
30 |
|
| Back on Market |
6 |
|
| Price Increases |
2 |
|
| Price Reductions |
8 |
|
| Pendings |
15 |
|
| Solds |
13 |
|
| Expireds |
11 |
|
| Inactives |
2 |
|
Month to Date and Projected open Escrows*
| Total Active |
1,097 |
|
| Total Active Core Area |
723 Under 700 Nov 6 '09 |
|
| Total Active REO's |
173 - 4 added |
|
| Total Short Paids |
237 - 1 added |
Pre-foreclosures |
| |
|
|
| Pending MTD/Projected |
353 / 557 |
|
| |
|
|
| Sold MTD |
261 |
Projected - 412 - With 73.9% closing Rate |
| Sold Last Month |
549 |
Solds are down 24.9% Project from last month |
Absorption Rate*
Current Month 1.4 Months
At Last Months Rate 1.6 Months
Historical High 5300+ Mid 2007
Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.
Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.
(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth
*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.
