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The Antelope Valley Palmdale Lancaster Real Estate Market Update

By
Real Estate Agent with Home Based Realty 01737966/01367311

The O'Brian Stats for The Antelope Valley Palmdale August 26 2008 Keller Williams Realty AV
Our Team tracks a set of core numbers to provide current market trends for our clients and Team members.

Core Numbers
New Listings 55
Back on the Market 8
Reductions 47
Pendings 35
Sold 30
Off The Market 38

 

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.

 KW


Aggregate
Active MLS 4,256
Active Core 3,076
Out-Of-Area 316
Active Short Core 1,109
Active REO Core 1,252
Pendings / Projected 633/755

 

 Historical High 5300+ Mid 2007

What is going on here in the Antelope Valley, we are looking to open over 700 escrows in August alone.  We are getting multiple offers on newly listed REO and Short Pays.  We are seeing banks getting back with a negotiator in weeks not months...

New forecasts from C.A.R. are projecting an uptick in price in January 09, and moving higher month-over-month, in the So Cal region, the Antelope Valley primarily...

Are we at the bottom here in the Antelope Valley, no one can be sure, but it looks like we are very close indeed or there now...

I for one believe we are close enough to start buying right now.  

Team O'Brian 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/. 

My MLS

                                                            (Quick Mapping Links for Core Areas)
Palmdale  Lancaster  Ana Verde  Ritter Ranch  Quartz Hill  Leona Valley  Lake Hughes  Lake Elizabeth 

Posted by

Richard

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