Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley October 1 2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope Valley October 1 2009
As you know the greater Antelope Valley Palmdale Lancaster area in the northern Los Angeles County is the only part of LA that is growing and Septembers’ numbers show that to be true.  New Listing are up 1.4 percent over August, Pending are way up by 28.5% while sold are down 9.2% mainly due to funding taking a bit longer.  However the surprising number is last months pending at 564 and September sold 564…

With time running out on the Tax Credit and Mortgages Rates under 5% we are not expecting to see a holiday drop in purchases in our local market.

                        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	11
Price Increases	1
Price Reductions	11
Pendings	30
Solds	36
Expireds	22
Inactives	6

Month to Date and Projected open Escrows*

Total Active	1,096
Total Active Core Area	731
Total Active REO's	211
Total Short Paids	254
Pending MTD/Projected	2	/  155

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