Sales are showing signs of slowing a bit in Palmdale & Lancaster area of the Antelope Valley. However the pipeline has 1,074 homes pending (in Escrow). The current mix is split between short sale at 336, REO at 327 and the balance 411 Traditional Sale. As lenders are under more pressure to make better loans lead-times on funding seems to be the bottleneck... This month is projected to have 372 opened escrows, and with the selling season over the next 3 months looming, lending issues could derail expected closing. With the amount of homes in the pipeline and the inventory of available home hovering around 1,300, pricing pressures are in full effect and we have seen and continue to see home values moving higher...
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Pre-foreclosures
| Monthend Numbers | |||||||||
| April | March | Feb | Jan '10 | Dec '09 | Nov | Oct | Sep | Aug | |
| Listed | 716 | 732 | 697 | 691 | 598 | 756 | 659 | 701 | 691 |
| Pending | 698 | 677 | 623 | 556 | 507 | 667 | 593 | 725 | 564 |
| Sold | 327 | 512 | 362 | 369 | 517 | 565 | 549 | 564 | 612 |
| % CHG Month over Month | |||||||||
| Listed | -2.23% | 4.78% | 0.86% | 13.46% | -26.42% | 12.83% | -6.37% | 1.43% | |
| Pending | 3.01% | 7.98% | 10.75% | 8.81% | -31.56% | 11.09% | -22.26% | 22.21% | |
| Sold | -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.
| New Listings | 43 |
| Back on Market | 9 |
| Price Increases | 4 |
| Price Reductions | 17 |
| Pendings | 30 |
| Solds | 35 |
| Expireds | 5 |
| Inactives | 17 |
| Month to Date and Projected open Escrows* | |||
| Total Active | 1,288 | ||
| Total Active Core Area | 897 | ||
| Total Active REO's | 203 | 9 | Added |
| Total Short Sale | 291 | 13 | Added |
| Pending MTD/Projected | 362 | 449 | |
| Sold MTD | 300 | 372 | |
| Sold Last Month / % of Difference | 494 | -24.70% | |
| Last Year Month / % of Difference | 743 | -49.93% | |
| Active Listing Mix (Core) | |||
| REO % of TTL | 22.63% | ||
| Short Sale % of TTL | 32.44% | ||
| REO+SS % of TTL | 55.07% | ||
| Traditional Sale % of TTL | 44.93% |
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
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.
(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.
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