Real
Estate Trends -
Palmdale,
Lancaster,
Anaverde
and the Greater
Antelope
Valley July 7,
2010
The Active Core Area* has make it past the 1000 mark today.
We are seeing a slower pace from buyers lately as the news of
the economy
and the stock markets volatility add to the fear factor.
Buyers
and sellers need to remember headline
news are selling ads and must sensationalize to be heard.
Your
best bet is to find a local REALOR® that
knows your market and understands where it is now and where it is going.
Short
sales are a big of our market and bank
owned homes are holding around 240.
Traditional
Sale
are
currently over 43% of our market, and we believe that will stay steady
in the
short term as we move out of the distressed housing market.
With interest rates at all time lows now is the time
to buy, if you have ready cash good credit getting into a new home
might just
be the right move right now...
Janet
O'Brian is
a
Certified Short Sales Specialist in California
is
ready to help you with your Situation… Stop-foreclosure
| Monthend
Numbers |
|
|
|
|
|
|
|
|
|
|
June |
May |
April |
March |
Feb |
Jan '10 |
Dec '09 |
Nov |
Oct |
Sep |
Aug |
| Listed |
659 |
624 |
716 |
732 |
697 |
691 |
598 |
756 |
659 |
701 |
691 |
| Pending |
579 |
490 |
698 |
677 |
623 |
556 |
507 |
667 |
593 |
725 |
564 |
| Sold |
469 |
417 |
327 |
512 |
362 |
369 |
517 |
565 |
549 |
564 |
612 |
|
|
|
|
|
|
|
|
|
|
|
|
| %
CHG Month over Month |
|
|
|
|
|
|
|
|
| Listed |
|
5.31% |
-14.74% |
-2.23% |
4.78% |
0.86% |
13.46% |
-26.42% |
12.83% |
-6.37% |
1.43% |
| Pending |
|
15.37% |
-42.45% |
3.01% |
7.98% |
10.75% |
8.81% |
-31.56% |
11.09% |
-22.26% |
22.21% |
| Sold |
|
11.09% |
21.58% |
-56.57% |
29.30% |
-1.93% |
-40.11% |
-9.28% |
2.83% |
-2.73% |
-8.51% |
Dailys* Statistics
track the
current
Real
Estate Market in
the
Antelope Valley, Palmdale
& Lancaster. Homes
For
Sale
| New Listings |
39
|
| Back on
Market |
14
|
| Price
Increases |
1
|
| Price
Reductions |
37
|
| Pendings |
27
|
| Solds |
22
|
| Expireds |
3
|
| Inactives |
6
|
| Month to Date and Projected Opened
Escrows* |
| Total
Active |
1,479 |
|
|
| Total
Active Core Area |
1009 |
|
|
| Total
Active REO's |
239 |
9 |
Added |
| Total
Short Sale |
330 |
5 |
Added |
| |
|
|
|
| Pending
MTD/Projected |
76 |
337 |
|
| |
|
|
|
| Sold
MTD |
55 |
244 |
|
| Percent
Sold Over List Price |
|
|
52.73% |
| Sold
Last Month / % of Difference |
469 |
-48.07% |
|
| Last
Year Month / % of Difference |
749 |
-67.48% |
|
| |
|
|
|
| Active
Listing Mix (Core) |
|
|
|
| REO
% of TTL |
23.69% |
|
|
| Short
Sale % of TTL |
32.71% |
|
|
| REO+SS
% of TTL |
56.39% |
|
|
| Traditional
Sale % of TTL |
43.61% |
|
|
Absorption
Rate*
Current
Month 1.7 Months
At
Last Months Rate 2.4 Months
Historical High Active
Listing
- 5300+
Mid 2007 - Within the
last 3 years our Low Active
Listing were under 700 in Nov '09
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/.
Or Keller
Williams Realty AV
Janet
O'Brian
is a Certified
Short Sales Specialist by the
National Association of Realtors® (SFR)
and is ready to help
you with your
situation please visit her
web-site. She can
Stop Foreclosures Now!
(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.
Keller
Williams Realty
AV
Ranked
#1 in
the Antelope Valley 661.733.0508 to list your home.
