The Word on the Street is Short Sales...

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley July 11 2009
The word on the street is Short Sales are on the way in the greater Antelope Valley Palmdale and Lancaster California. The “Banks” are coming to grips with the reality and the underlying cost of processing REO’s.

Will be keep an eye on this trend…

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	41
Back on Market	16
Price Increases	0
Price Reductions	13
Pendings	39
Solds	29
Expireds	3
Inactives	10

Month to Date and Projected open Escrows*

Total Active	1,231
Total Active Core Area	840
Total Active REO's	227
Total Short Paids	355
Pending MTD/Projected	255	/ 719

Absorption Rate*
Current Month 2.0 Months
At Last Months Rate 1.2 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.