Lancaster & Palmdale – inexpensive homes have bottomed out and moving up in some areas of the high desert. The higher end still has some room to move lower but that remains to be seen in the Antelope Valley. Yes you can find upscale homes in the Antelope Valley what sold a few years ago for over a million dollars have been reduced by haft and more. We believe we could see a 5 to 10 percent downwards move but not much more…
So if you are looking to stretch you home buying dollars Palmdale & Lancaster are a good place to buy right now because it’s at the bottom, and is made the turn upwards.
Be prepared to get ahead of the pack. Well priced foreclosures and short sale garner multiple offers, so writing a clean as-is offer that allows the seller’s to choice title and escrow make for a stronger position. Sellers are drawn to offers that require less work for them, Janet said. Be ready to go through all the hoops. If the property is owned or serviced by Bank of America, and Bank of America requires pre-qualification by a Bank of America loan rep, for example, get the pre-qualification right away. If they want proof of funds or a credit report, have that documentation ready to go, she tells her clients. It’s a new way of writing offers these days, you must make you offer stand out from the rest. Leaving emotions at the door is hard for most buyers to do as the purchase of a home is one of the biggest deal of there life. It is a tough market with a lot of people looking for deals, so it’s easy to get discouraged, Janet continues, if you’re diligent and keep trying, you will eventually find a good foreclosure or short sale.
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 | 28 |
| Back on Market | 4 |
| Price Increases | 3 |
| Price Reductions | 15 |
| Pendings | 35 |
| Solds | 13 |
| Expireds | 4 |
| Inactives | 10 |
| Month to Date and Projected open Escrows* | |||
| Total Active | 1,333 | ||
| Total Active Core Area | 905 | ||
| Total Active REO's | 240 | 5 | Added |
| Total Short Sale | 288 | 7 | Added |
| Pending MTD/Projected | 513 | 599 | 54.8% |
| Sold MTD | 281 | 328 | |
| Sold Last Month | 369 | -11.2% | |
| Last Year Month | 600 | -45.4% | |
| Active Listing Mix | |||
| REO % of TTL | 26.5% | ||
| Short Sale % of TTL | 31.8% | ||
| REO+SS % of TTL | 58.3% | ||
| Normal % of TTL | 41.7% |
Absorption Rate*
Current Month 1.6 Months
At Last Months Rate 2.1 Months
Historical High Active Listing - 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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