The greater Antelope Valley, Palmdale Lancaster area of the high desert in northern California is in crises with available inventories at all time lows. The banks are still holding back the release of foreclosures. We hear on the street that they are coming but when the date given comes and zilch.
We are hearing Pre-foreclosures are going to be the next new wave, Janet meet with a VP from BOA this morning. According to the VP BOA is going to streamline there Pre-foreclosures process in the next few weeks… We’ll see…
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 | 56 |
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| Back on Market | 12 |
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| Price Increases | 7 |
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| Price Reductions | 11 |
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| Pendings | 43 |
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| Solds | 24 |
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| Expireds | 9 |
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| Inactives | 9 |
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Month to Date and Projected open Escrows*
| Total Active | 1,138 | |
| Total Active Core Area | 765 | |
| Total Active REO's | 199 | |
| Total Short Paids | 300 | |
| Pending MTD/Projected | 403 | / 694 |
Absorption Rate*
Current Month 1.2 Months
At Last Months Rate 2.0 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.
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