The word on the street is Short Sales are on the way in the greater Antelope Valley Palmdale and Lancaster California. The “Banks” are coming to grips with the reality and the underlying cost of processing REO’s.
Will be keep an eye on this trend…
The
new look of the Dailys which are a set of number
tracking the
current trand in the Ral Estate Market in the Antelope Vally.
| New Listings | 41 |
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| Back on Market | 16 |
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| Price Increases | 0 |
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| Price Reductions | 13 |
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| Pendings | 39 |
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| Solds | 29 |
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| Expireds | 3 |
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| Inactives | 10 |
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Month to Date and Projected open Escrows*
| Total Active | 1,231 | |
| Total Active Core Area | 840 | |
| Total Active REO's | 227 | |
| Total Short Paids | 355 | |
| Pending MTD/Projected | 255 | / 719 |
Absorption Rate*
Current Month 2.0 Months
At Last Months Rate 1.2 Months
Historical High 5300+ Mid 2007
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/.
(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.
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