Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley May 2, 2012

Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley May 2, 2012
In this wild world of real estate over the past nine years we have seen a hold lot of changes.  Back in 2003, before the great (free money) run up we are in a normal market and doing what we have done in the real estate business.  Remember cold-calling, door-knocking, and mailers by the ton.  Then the money got real easy to qualify for, and we were at the start of the run up.  Licensed real estate agents rolls started to swell, it seemed everybody was getting into the game.  We were selling and listing home sometimes 4 or 5 a week, and all was good.  Most could not see what was on the horizon.  We went on our marry way, moving up to the bigger home, the sport car, pool and travel life was good.  Then 2007 came along and POP went the balloon, December we sold (that is closed for all of the 2500+ agents our local MLS) 184 units, down 88% from Dec 2006.  More to come.

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

What Should You Do If You Learn that a Forged and/or Fraudulent Deed Has Been Recorded Against Your Real Property? CONSUMER ALERT

A short sale is an effective alternative to foreclosures when keeping you home is no longer an option.  The bank wins something too, the homes remains occupied and helps to maintain stable communities, according to the Federal Housing Finance Agency (FHFA).  And with the new Short Sales Timeline Requirements put out by Freddie & Fannie should be your first choice. 

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Monthend Numbers
	Apr	Mar	Feb	Jan '12	Dec	Nov	Oct	Sep	Aug	July	June	May	Apr
Listed	614	520	561	601	599	732	797	813	679	631	646	620	561
Pending	634	535	495	581	522	572	568	585	542	468	502	518	487
Sold	462	388	308	416	476	467	557	545	413	369	392	374	384
% CHG Month over Month
Listed		15.3%	-7.9%	-7.1%	0.3%	-22.2%	-8.9%	-2.0%	16.5%	7.1%	-2.4%	4.0%	9.5%
Pending		15.6%	7.5%	-17.4%	10.2%	-9.6%	0.7%	-3.0%	7.4%	13.7%	-7.3%	-3.2%	6.0%
Sold		16.0%	20.6%	-35.1%	-14.4%	1.9%	-19.3%	2.2%	24.2%	10.7%	-6.2%	4.6%	-2.7%
% CHG Current Month over Same Month Last Year
Listed	8.6%	-32.7%	21.0%	8.5%	7.3%	20.9%	32.1%	21.0%	-1.9%	-7.0%	-2.0%	-0.6%	-27.6%
Pending	23.2%	5.8%	16.4%	32.5%	23.0%	27.3%	32.7%	9.4%	8.3%	-1.5%	-15.3%	5.4%	-43.3%
Sold	16.9%	-0.3%	2.9%	28.6%	11.3%	25.5%	38.8%	10.8%	9.0%	-11.7%	-19.6%	-11.5%	14.8%

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Absorption Rate*
Current Month 2.1 Months
At Last Months Rate 2.4 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.