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Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley October 28 2009

Looks like the U.S. Senate is going to act later this week to extend a well-liked tax credit for first-time homebuyers: that is scheduled to expire at the end of next month, which is good news.


Janet O'Brian is a Certified Short Sales Specialist in California and is ready to help you with your situation…
Pre-foreclosures

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 22
Back on Market 9
Price Increases 4
Price Reductions 6
Pendings 27
Solds 28
Expireds 4
Inactives 7


Month to Date and Projected open Escrows*

Total Active 1,068
Total Active Core Area 711
Total Active REO's 180
Total Short Paids 248 Pre-foreclosures
Pending MTD/Projected 537 / 595
Sold MTD 422 Projected - 467 - With 78.6% closing
Sold Last Month 564 Solds are Down 17.2% from last month


Absorption Rate*

Current Month 1.2 Months
At Last Months Rate 1.3 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.

Posted Wednesday Oct 28