Real Estate Trends - Palmdale, Lancaster, Anaverde and the Greater Antelope Valley October 15, 2010

Real Estate Agent with Home Based Realty 01737966/01367311
Real Estate Trends - Palmdale, LancasterAnaverde and the Greater Antelope Valley October 15, 2010
The Banks add insult to their free lending that started the entire mortgaged meltdown with the recent robo-signing scandal. However this could be a real opportunity for short sale.  With the pending court-ordered freezes on foreclosures within all 50 states the banks might see Shot Sales as a better way to handle the volume of foreclosed properties that may be entering the market after the robo-signing scandal is resolved.   It stands to reason that banks will be more willing than ever before to negotiate short sales…  California however, might not see a real drop-off of bank owned properties; lenders in California must still comply with other legally required procedures for non-judicial foreclosures.

Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Stop-foreclosure

Monthend Numbers
Sep Aug July June May April March Feb   Jan '10  Dec '09  Nov   Oct   Sep
Listed  642 692 675 659 624 716 732 697 691 598 756 659 701
Pending  530 497 475 579 490 698 677 623 556 507 667 593 725
Sold  486 376 412 469 417 327 512 362 369 517 565 549 564
% CHG Month over Month
Listed  -7.8% 2.5% 2.4% 5.3% -14.7% -2.2% 4.8% 0.9% 13.5% -26.4% 12.8% -6.4%
Pending  6.2% 4.4% -21.9% 15.4% -42.4% 3.0% 8.0% 10.8% 8.8% -31.6% 11.1% -22.3%
Sold  22.6% -9.6% -13.8% 11.1% 21.6% -56.6% 29.3% -1.9% -40.1% -9.3% 2.8% -2.7%
% CHG Current Month over Same Month Last Year
Listed  -9.2%
Pending  -36.8%
Sold  -16.0%

Dailys* Statistics track the current Real Estate Market in the Antelope Valley, Palmdale & Lancaster.  Homes For Sale
New Listings 40
Back on Market 2
Price Increases 5
Price Reductions 45
Pendings 25
Solds 19
Expireds 3
Inactives 11
Month to Date and Projected Opened Escrows*
Total Active 1,954    
Total Active Core Area 1,395    
Total Active REO's 314 14 Added
Total Short Sale 503 13 Added
Pending MTD/Projected 196 405  
Sold MTD/Projected 123 254  
Percent Sold Over List Price     49.59%
Sold Last Month / % of Difference 486 -47.70%  
Last Year Month / % of Difference 564 -54.93%  
Active Listing Mix (Core)      
REO % of TTL 22.51%    
Short Sale % of TTL 36.06%    
REO+SS % of TTL 58.57%    
Traditional Sale % of TTL 41.43%    

Absorption Rate*
Current Month 3.4 Months
At Last Months Rate 5.9 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 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.

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Don Gockel
NextHome The Gockel Group - Palmdale Lancaster Quartz Hill - - Palmdale, CA
Realtor, Broker, GRI - Antelope Valley Real Estate

Great post guy's! Keep that information comming. I know it takes time to put this together and post every day, but how else are you going to catch the Don Gockel guy that leads you in points?

Oct 21, 2010 09:12 AM #1
Don Gockel
NextHome The Gockel Group - Palmdale Lancaster Quartz Hill - - Palmdale, CA
Realtor, Broker, GRI - Antelope Valley Real Estate

Great blog Richard! Great to see you "back in the saddle" again. Even though average prices are about 7% higher than last year as seen on my charts at, do you feel that the market will sustain this level of growth?

Nov 02, 2010 06:59 AM #2
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Richard & Janet OBrian

Listing Specialist Palmdale, Lancaster CA
Looking to sell we can Help, we get it done!
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