Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley July 27 2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley July 27 2009
So here we are in the best buyers market in the greater Antelope Valley in many years. With prices discounted by a much as 60 percent both first time buyers and investors are making the deal of a life time.

In the past few months prices have started to stabilize and in some pockets bump up a bit… And with the first time buyer tax credit now is the right time to find that dream home.

Janet and I can help call us or visit our web site…

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	24
Back on Market	13
Price Increases	1
Price Reductions	6
Pendings	14
Solds	18
Expireds	5
Inactives	3

Month to Date and Projected open Escrows*

Total Active	1,175
Total Active Core Area	815
Total Active REO's	214
Total Short Paids	335
Pending MTD/Projected	528	/ 606

Absorption Rate*
Current Month 1.5 Months
At Last Months Rate 1.2 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.