Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley August 4 2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley August 4 2009
July 2009, is in the bank, literally speaking… The banks are holding back foreclosed home; you bet'ya. Some of the number we have heard are in the hundreds of thousands nationally. The Antelope Valley is approximately 33% of the Los Angeles market so we are expecting to see 2,500 to 4,000 at some point… but don't hold you breath.

What is coming down the pipe are pre-foreclosures… Over the next 18 to 24 months Pre-foreclosures are going to take over the real estate market…

The normal rate of return must start to regain the loss at some point, we believe that time in starting right now in the greater Antelope Valley.

July '09 Monthend Numbers:
Listed....... 721
Pending.... 690
Sold......... 715

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	36
Back on Market	13
Price Increases	3
Price Reductions	15
Pendings	38
Solds	34
Expireds	2
Inactives	7

Month to Date and Projected open Escrows*

Total Active	1,151
Total Active Core Area	787
Total Active REO's	222
Total Short Paids	304
Pending MTD/Projected	46	/ 357

Absorption Rate*
Current Month 1.5 Months
At Last Months Rate 2.2 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/.

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.