In the Hills of Palmdale back in early 2003 just off avenue “S” a new community named Anaverde was started. The planned community consisting of over 4,500 single family home got under way and during the buying frenzy most if not all home were sold. Now with the troubles with the financing in recent years a lot of the homes are coming available to qualified buyers at a huge discount. In 2007 when the first wave of foreclosures started 30% or so in the Anaverde planed community were put on the market. Today we are seeing more Short Sales in Anaverde due mainly to the loans term changing. What was a comfortable monthly mortgage payment for a $500,000.00 home is now out of reach. However the homes have come down in price typicality 50%. A haft-a-million dollar home can be yours for $250,000…
The Anaverde planed community has won court approval to auction off the project, WOW that sounds rather frightening. However looking behind the headlines opportunity abounds, word on the street is the city of Palmdale will come to the rescue. With other partners are going to compete the project over the next few years, making the Anaverde planed community the jewel of Palmdale and the Antelope Valley.
There is another planed project that has stalled due to the current housing clement; I’ll be posting on this project in days to come.
Keller Williams Realty AV Ranked #1 in the Antelope Valley
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Pre-foreclosures
Monthend Numbers
| Jan '10 | Dec '09 | Nov '09 | Oct '09 | Sep '09 | Aug '09 | |
| Listed | 691 | 598 | 756 | 659 | 701 | 691 |
| Pending | 556 | 507 | 667 | 593 | 725 | 564 |
| Sold | 369 | 517 | 565 | 549 | 564 | 61 |
Dailys* Statistics
track the
current Real
Estate Market in
the
Antelope Valley, Palmdale
& Lancaster.
| New Listings | 7 |
| Back on Market | 0 |
| Price Increases | 0 |
| Price Reductions | 2 |
| Pendings | 7 |
| Solds | 3 |
| Expireds | 3 |
| Inactives | 1 |
| Month to Date and Projected open Escrows* | |||
| Total Active | 1,329 | ||
| Total Active Core Area | 916 | ||
| Total Active REO's | 243 | 1 | Added |
| Total Short Sale | 278 | 4 | Added |
| Pending MTD/Projected | 445 | 566 | 57.1% |
| Sold MTD | 254 | 323 | |
| Sold Last Month | 369 | -12.4% | |
| Last Year Month | 600 | -46.1% | |
| Active Listing Mix | |||
| REO % of TTL | 26.5% | ||
| Short Sale % of TTL | 30.3% | ||
| REO+SS % of TTL | 56.9% | ||
| Normal % of TTL | 43.1% |
Absorption Rate*
Current Month 1.7 Months
At Last Months Rate 2.2 Months
Historical High 5300+ Mid 2007
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
(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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