January saw a drop in inventory in the Antelope Valley with only 1,500 Single Family homes listed and a bit more then 1,000 in the core area. Activity has been good with only sold not betting December’s numbers. If reason holds and that is a big if prices should start to rise in the short term as inventory dips. We do have a small amount of bank-owned homes staged to move into the market however the quantity making a small impact.
So in the Antelope Valley, Palmdale Lancaster area in Los Angeles County the worst is over and short sales dominate. REO’s are all but dead, Traditional Sale are sitting in the wings…
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale
| Monthend Numbers | |||||||||||||
| Jan '12 | Dec | Nov | Oct | Sep | Aug | July | June | May | Apr | Mar | Feb | Jan '11 | |
| Listed | 601 | 599 | 732 | 797 | 813 | 679 | 631 | 646 | 620 | 561 | 690 | 443 | 550 |
| Pending | 581 | 522 | 572 | 568 | 585 | 542 | 468 | 502 | 518 | 487 | 504 | 414 | 392 |
| Sold | 416 | 476 | 467 | 557 | 545 | 413 | 369 | 392 | 374 | 384 | 389 | 299 | 297 |
| % CHG Month over Month | |||||||||||||
| Listed | 0.3% | -22.2% | -8.9% | -2.0% | 16.5% | 7.1% | -2.4% | 4.0% | 9.5% | -23.0% | 35.8% | -24.2% | |
| Pending | 10.2% | -9.6% | 0.7% | -3.0% | 7.4% | 13.7% | -7.3% | -3.2% | 6.0% | -3.5% | 17.9% | 5.3% | |
| Sold | -14.4% | 1.9% | -19.3% | 2.2% | 24.2% | 10.7% | -6.2% | 4.6% | -2.7% | -1.3% | 23.1% | 0.7% | |
| % CHG Current Month over Same Month Last Year | |||||||||||||
| Listed | 8.5% | 7.3% | 20.9% | 32.1% | 21.0% | -1.9% | -7.0% | -2.0% | -0.6% | -27.6% | -6.1% | -57.3% | -25.6% |
| Pending | 32.5% | 23.0% | 27.3% | 32.7% | 9.4% | 8.3% | -1.5% | -15.3% | 5.4% | -43.3% | -34.3% | -50.5% | -41.8% |
| Sold | 28.6% | 11.3% | 25.5% | 38.8% | 10.8% | 9.0% | -11.7% | -19.6% | -11.5% | 14.8% | -31.6% | -21.1% | -24.2% |
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 | 1,500 | ||
| Total Active Core Area | 1,089 | ||
| Total Active REO's | 201 | ||
| Total Short Sale | 390 | ||
| Pending MTD/Projected | 2 | 58 | |
| Sold MTD/Projected | 1 | 29 | |
| Percent Sold Over List Price | 0.00% | ||
| Sold Last Month / % of Difference | 416 | -93.03% | |
| Last Year Month / % of Difference | 297 | -90.24% | |
| Active Listing Mix (Core) | |||
| REO % of TTL | 18.46% | ||
| Short Sale % of TTL | 35.81% | ||
| REO+SS % of TTL | 54.27% | ||
| Traditional Sale % of TTL | 45.73% |
Absorption Rate*
Current Month 4.2 Months
At Last Months Rate 6.9 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 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 Short sale Help. 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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