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Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley May 9, 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 May 9, 2012
Antelope Valley May 3.
Another thing happen in 2008 & 09 and really got going in 2010, the internet for real estate started to take over.  Most of us on ActiveRain got into the internet real estate before good for us.  When I started in September 2007 ActiveRain membership was under 50,000.  By mid 2008 we it 100,000, and added another 50,000 in 2009 and are continuing to grow 2011 we hit the 200,000 mark and look at it now we are over 230,000 and still adding to members daily.  Blogging, real estate on the internet has already happened and will only get bigger.  FaceBook, Twitter, e-mail, and all the dot-coms are changing the way we do business. 


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. 

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%


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 1,009    
Total Active Core Area 690    
Total Active REO's 103    
Total Short Sale 216    
       
Pending MTD/Projected 132 455  
       
Sold MTD/Projected 91 313  
Percent Sold Over List Price     25.27%
Sold Last Month / % of Difference 462 -32.15%  
Last Year Month / % of Difference 374 -16.19%  
       
Active Listing Mix (Core)      
REO % of TTL 14.93%    
Short Sale % of TTL 31.30%    
REO+SS % of TTL 46.23%    
Traditional Sale % of TTL 53.77%    


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.

Posted by

Richard

Comments(1)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Very interesting stats, including the reminder of the profound impact of our post-internet world.

May 09, 2012 03:01 AM