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Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley
July 2 2009

The Antelope Valley Palmdale Lancaster in the high desert where the land the space shuttle from time to time. Available resale homes have dropped to levels not seen since the mid 1990’s. Buyers are faced with bidding up the listed price and not winning the deal as most listings are getting multiple offers.

Below is a breakdown of Sold activity for June 2009.

Sold June 2009

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 44
Back on Market 10
Price Increases 1
Price Reductions 10
Pendings 36
Solds 44
Expireds 21
Inactives 4


Month to Date and Projected open Escrows*

Total Active 1,246
Total Active Core Area 845
Total Active REO's 217
Total Short Paids 372
Pending MTD/Projected 32 / 496


Absorption Rate*

Current Month 1.5 Months
At Last Months Rate 1.3 Months

Historical High 5300+ Mid 2007

Team O'Brian 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/.

(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.

Posted Thursday Jul 02

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