Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley October 21 2009

Certified Short Sale Professional, Pre-Foreclosure: Richard & Janet O'Brian Real Estate Agents in California Plamdael & Lancaster area.
Halloween is time for the kids to go tick-or-treating and bobbing for apples at the costume parties. With pillowcases in hand they move through the night picking up their treats. But it’s far scarier for the parents looking to buy a home if they get caught by the Spin of the “News Media”.

With the “News Media” relaying the big picture us realtors must reassure our buyers that these are National figures and not relative to our local markets. Case in point: reported on CNN by Les, CNNMoney.com staff writer Last Updated: October 20, 2009: 11:07 AM ET NEW YORK (CNNMoney.com) -“Homes: About to get much cheaper National home prices are forecast to shrink another 11%” this is very frightening to homes buyers. I can just see our buyers running for the hills. The story goes on with direr predictions “median home price will tumble to $142,000 by June 2011’ AND “n Hanford, Calif., prices are estimated to drop 26.9% and continue falling 9.5% in 2011”.

All this “the sky is falling” screams from the “News Media” dose nothing but bring the fear of Halloween home. In our local market prices are on the rise in pockets and for the most part prices have stabilized, in all price ranges.

If you are looking to buy a home be sure to contact a local Realtor and get the real figures and don’t be taken in by the “Spin” just remember bad news sells more papers then good…

If you are facing foreclosure selling Short might be the right answer for your situation, let Janet O’Brian short sale agent give you straight answers to your questions you’ll be glad to did. Also don’t pay up front for help with your short sale or loan modification it is not necessary to do so...

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Monthend Numbers

September '09 August '09
Listed 701 691
Pending 725 564
Sold 564 621

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	34
Back on Market	6
Price Increases	1
Price Reductions	11
Pendings	31
Solds	25
Expireds	6
Inactives	12

Month to Date and Projected open Escrows*

Absorption Rate*
Current Month 1.4 Months
At Last Months Rate 1.6 Months

Historical High 5300+ Mid 2007

Richard & Janet O'Brian Real Estate Agents in California 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.