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.

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*

Absorption Rate*
Current Month 1.5 Months
At Last Months Rate 1.3 Months

Historical High 5300+ Mid 2007

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(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.