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Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley May 20, 2011.

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Real Estate Agent with Home Based Realty 01737966/01367311
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley May 20, 2011.
Well if you’re keeping up with the news these days you know that according to some folks something big is slated to happen tomorrow.  Do you have everything ready for the big day?  Keep you eye in New Zealand, if it happens it will start there and move globally starting at 6:00PM NZ time.  We are not that concerned with the prediction of the end-of-the-world as some others are, we are even showing homes on Sunday…
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale 
Monthend Numbers
Apr Mar Feb Jan '11 Dec Nov Oct Sep Aug July June May April
Listed  561 690 443 550 555 579 541 642 692 675 659 624 716
Pending  487 504 414 392 402 416 382 530 497 475 579 490 698
Sold  384 389 299 297 422 348 341 486 376 412 469 417 327
% CHG Month over Month
Listed  -23.0% 35.8% -24.2% -0.9% -4.3% 6.6% -18.7% -7.8% 2.5% 2.4% 5.3% -14.7%
Pending  -3.5% 17.9% 5.3% -2.6% -3.5% 8.2% -38.7% 6.2% 4.4% -21.9% 15.4% -42.4%
Sold  -1.3% 23.1% 0.7% -42.1% 17.5% 2.0% -42.5% 22.6% -9.6% -13.8% 11.1% 21.6%
% CHG Current Month over Same Month Last Year
Listed  -27.6% -6.1% -57.3% -25.6% -7.7% -30.6% -21.8%
Pending  -43.3% -34.3% -50.5% -41.8% -26.1% -60.3% -55.2%
Sold  14.8% -31.6% -21.1% -24.2% -22.5% -62.4% -61.0%

Current Statistics tracking the Real Estate Market in the Antelope Valley, Palmdale & Lancaster Core areas.  Homes For Sale
Month to Date and Projected Opened Escrows*
Total Active 1,922    
Total Active Core Area 1,435    
Total Active REO's 284    
Total Short Sale 605    
       
Pending MTD/Projected 333 500  
       
Sold MTD/Projected 208 312  
Percent Sold Over List Price     50.00%
Sold Last Month / % of Difference 384 -18.75%  
Last Year Month / % of Difference 327 -4.59%  
       
Active Listing Mix (Core)      
REO % of TTL 19.79%    
Short Sale % of TTL 42.16%    
REO+SS % of TTL 61.95%    
Traditional Sale % of TTL 38.05%    
   

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.

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Richard

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