Special offer

Real Estate Trends - Palmdale, Lancaster, June 22, 2012

By
Real Estate Agent with Home Based Realty 01737966/01367311
Real Estate Trends - Palmdale, Lancaster, June 22, 2012 
Reported June 21 of this month on CNNMoney – If you were foreclosed during 2009 and 2010 you might be in titled to get $125,000 from the lender.  This is just part of a review being overseen by two government agencies.  The full story.  Check it out to see if you qualify.

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

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
May Apr Mar Feb Jan '12 Dec Nov Oct Sep Aug July June May
Listed  466 614 520 561 601 599 732 797 813 679 631 646 620
Pending  498 634 535 495 581 522 572 568 585 542 468 502 518
Sold  424 462 388 308 416 476 467 557 545 413 369 392 374
% CHG Month over Month
Listed  -31.8% 15.3% -7.9% -7.1% 0.3% -22.2% -8.9% -2.0% 16.5% 7.1% -2.4% 4.0%
Pending  -27.3% 15.6% 7.5% -17.4% 10.2% -9.6% 0.7% -3.0% 7.4% 13.7% -7.3% -3.2%
Sold  -9.0% 16.0% 20.6% -35.1% -14.4% 1.9% -19.3% 2.2% 24.2% 10.7% -6.2% 4.6%
% CHG Current Month over Same Month Last Year
Listed  -33.0% 8.6% -32.7% 21.0% 8.5% 7.3% 20.9% 32.1% 21.0% -1.9% -7.0% -2.0% -0.6%
Pending  -4.0% 23.2% 5.8% 16.4% 32.5% 23.0% 27.3% 32.7% 9.4% 8.3% -1.5% -15.3% 5.4%
Sold  11.8% 16.9% -0.3% 2.9% 28.6% 11.3% 25.5% 38.8% 10.8% 9.0% -11.7% -19.6% -11.5%


Current Statistics tracking the Real Estate Market in the Antelope Valley, Palmdale & Lancaster Core areas.  Homes For Sale in Palmdale and Lancaster
Month to Date and Projected Opened Escrows*
Total Active 854    
Total Active Core Area 544    
Total Active REO's 64    
Total Short Sale 113    
       
Pending MTD/Projected 327 446  
       
Sold MTD/Projected 246 335  
Percent Sold Over List Price     39.84%
Sold Last Month / % of Difference 424 -20.88%  
Last Year Month / % of Difference 392 -14.42%  
       
Active Listing Mix (Core)      
REO % of TTL 11.76%    
Short Sale % of TTL 20.77%    
REO+SS % of TTL 32.54%    
Traditional Sale % of TTL 67.46%    


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 Palmdale & Lancaster homes for sale. 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)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Richard,   thanks for the report....always enjoy viewing stats on other communities.

Jun 22, 2012 04:43 AM