Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 8, 2011. 
Did you know effective July of this year, California homeowners will be required to install carbon monoxide detectors. However, disclosure requirements with respect to the detectors began on January 1st CO detectors are designed to measure CO levels over time and sound an alarm before dangerous levels of CO accumulate in an environment, giving people adequate warning to safely ventilate the area or evacuate. Some system-connected detectors also alert a monitoring service that can dispatch emergency services if necessary. The SB 183 requires that alarm devices (battery or hard-wired) be installed in existing single-family homes that have a fossil-fuel burning appliance, fireplace or an attached garage on or before July 1, 2011. All other residential units will have to have the detectors in place by Jan. 1, 2013.
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale
| Monthend Numbers | |||||||||||||
| Mar | Feb | Jan '11 | Dec | Nov | Oct | Sep | Aug | July | June | May | April | March | |
| Listed | 690 | 443 | 550 | 555 | 579 | 541 | 642 | 692 | 675 | 659 | 624 | 716 | 732 |
| Pending | 504 | 414 | 392 | 402 | 416 | 382 | 530 | 497 | 475 | 579 | 490 | 698 | 677 |
| Sold | 389 | 299 | 297 | 422 | 348 | 341 | 486 | 376 | 412 | 469 | 417 | 327 | 512 |
| % CHG Month over Month | |||||||||||||
| Listed | 35.8% | -24.2% | -0.9% | -4.3% | 6.6% | -18.7% | -7.8% | 2.5% | 2.4% | 5.3% | -14.7% | -2.2% | |
| Pending | 17.9% | 5.3% | -2.6% | -3.5% | 8.2% | -38.7% | 6.2% | 4.4% | -21.9% | 15.4% | -42.4% | 3.0% | |
| Sold | 23.1% | 0.7% | -42.1% | 17.5% | 2.0% | -42.5% | 22.6% | -9.6% | -13.8% | 11.1% | 21.6% | -56.6% | |
| % CHG Current Month over Same Month Last Year | |||||||||||||
| Listed | -6.1% | -57.3% | -25.6% | -7.7% | -30.6% | -21.8% | |||||||
| Pending | -34.3% | -50.5% | -41.8% | -26.1% | -60.3% | -55.2% | |||||||
| Sold | -31.6% | -21.1% | -24.2% | -22.5% | -62.4% | -61.0% |
| New Listings | 33 |
| Back on Market | 5 |
| Price Increases | 4 |
| Price Reductions | 27 |
| Pendings | 27 |
| Solds | 12 |
| Expireds | 6 |
| Inactives | 9 |
| Month to Date and Projected Opened Escrows* | |||
| Total Active | 1,931 | ||
| Total Active Core Area | 1,420 | ||
| Total Active REO's | 283 | 2 | Added |
| Total Short Sale | 635 | 6 | Added |
| Pending MTD/Projected | 112 | 420 | |
| Sold MTD/Projected | 58 | 218 | |
| Percent Sold Over List Price | 51.72% | ||
| Sold Last Month / % of Difference | 389 | -44.09% | |
| Last Year Month / % of Difference | 327 | -33.49% | |
| Active Listing Mix (Core) | |||
| REO % of TTL | 19.93% | ||
| Short Sale % of TTL | 44.72% | ||
| REO+SS % of TTL | 64.65% | ||
| Traditional Sale % of TTL | 35.35% |
Absorption Rate*
Current Month 4.6 Months
At Last Months Rate 6.7 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.
Comments(0)