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Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 10, 2012

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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 April 10, 2012
Back from a little R and R in the great state of Nevada.  More to the point Las Vegas were the housing market is on real hard times.  We have family there so we make a visit when we can, this time Janet and I decided to check out real estate.  They are where the Antelope Valley, Palmdale and Lancaster were in 2008/09.  We have already weathered the worsted of the down market and have hit bottom, we are on the way back but slowly.  Back in early 2009 you could get a 3+2, 1,300 sqft home under $50,000 is running about $75,000 today still a great price.  Janet and I were stunned by the number of REO listed and short sales too.  Just driving around and the yard signs are like mushrooms.

I must say it is nice to be back in a familiar neighborhood.


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 '12 Dec Nov Oct Sep Aug July June May Apr Mar
Listed  520 561 601 599 732 797 813 679 631 646 620 561 690
Pending  535 495 581 522 572 568 585 542 468 502 518 487 504
Sold  388 308 416 476 467 557 545 413 369 392 374 384 389
% CHG Month over Month
Listed  -7.9% -7.1% 0.3% -22.2% -8.9% -2.0% 16.5% 7.1% -2.4% 4.0% 9.5% -23.0%
Pending  7.5% -17.4% 10.2% -9.6% 0.7% -3.0% 7.4% 13.7% -7.3% -3.2% 6.0% -3.5%
Sold  20.6% -35.1% -14.4% 1.9% -19.3% 2.2% 24.2% 10.7% -6.2% 4.6% -2.7% -1.3%
% CHG Current Month over Same Month Last Year
Listed  -32.7% 21.0% 8.5% 7.3% 20.9% 32.1% 21.0% -1.9% -7.0% -2.0% -0.6% -27.6% -6.1%
Pending  5.8% 16.4% 32.5% 23.0% 27.3% 32.7% 9.4% 8.3% -1.5% -15.3% 5.4% -43.3% -34.3%
Sold  -0.3% 2.9% 28.6% 11.3% 25.5% 38.8% 10.8% 9.0% -11.7% -19.6% -11.5% 14.8% -31.6%


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 1,122    
Total Active Core Area 786    
Total Active REO's 143    
Total Short Sale 280    
       
Pending MTD/Projected 139 417  
       
Sold MTD/Projected 81 243  
Percent Sold Over List Price     17.28%
Sold Last Month / % of Difference 388 -37.37%  
Last Year Month / % of Difference 384 -36.72%  
       
Active Listing Mix (Core)      
REO % of TTL 18.19%    
Short Sale % of TTL 35.62%    
REO+SS % of TTL 53.82%    
Traditional Sale % of TTL 46.18%    


Absorption Rate*
Current Month 4.0 Months
At Last Months Rate 5.5 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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Richard

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