Admin

Real Estate Trends - Palmdale, Lancaster, Anaverde and the Greater Antelope Valley July 2, 2010

By
Real Estate Agent with Home Based Realty 01737966/01367311
Real Estate Trends - Palmdale, LancasterAnaverde and the Greater Antelope Valley July 2, 2010
We have added a new number to our daily stats.  It is the percentage of sold home that sole for more than listed price.  We have closed 16 to date 9 sold for more than list and 7 lower.  Current pendings show a days on the market (DOM) of 55 with an average price per SQFT of 90.41.  Sold show 43 DOM with an average price per SQFT of 86.43. Tracking the numbers is an important part of a REALORS® business. An agent who keeps track of the current market trends will know where the mark is heading and will be in a better positions to inform there clients. 



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


Monthend Numbers
June May April March Feb   Jan '10  Dec '09  Nov   Oct   Sep Aug
Listed  659 624 716 732 697 691 598 756 659 701 691
Pending  579 490 698 677 623 556 507 667 593 725 564
Sold  469 417 327 512 362 369 517 565 549 564 612
% CHG Month over Month
Listed  5.31% -14.74% -2.23% 4.78% 0.86% 13.46% -26.42% 12.83% -6.37% 1.43%
Pending  15.37% -42.45% 3.01% 7.98% 10.75% 8.81% -31.56% 11.09% -22.26% 22.21%
Sold  11.09% 21.58% -56.57% 29.30% -1.93% -40.11% -9.28% 2.83% -2.73% -8.51%


Dailys* Statistics
track the current Real Estate Market in the Antelope Valley, Palmdale & Lancaster.  Homes For Sale

New Listings 52
Back on Market 13
Price Increases 4
Price Reductions 20
Pendings 30
Solds 45
Expireds 11
Inactives 20
Month to Date and Projected Opened Escrows*
Total Active 1,406    
Total Active Core Area 961    
Total Active REO's 229 3 Added
Total Short Sale 313 3 Added
       
Pending MTD/Projected 3 47  
       
Sold MTD 16 248  
Percent Sold Over List Price     56.25%
Sold Last Month / % of Difference 469 -47.12%  
Last Year Month / % of Difference 749 -66.89%  
       
Active Listing Mix (Core)      
REO % of TTL 23.83%    
Short Sale % of TTL 32.57%    
REO+SS % of TTL 56.40%    
Traditional Sale % of TTL 43.60%    


Absorption Rate*
Current Month 1.7 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 http://www.homesbyjr.com/. 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 please visit her web-site.  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(0)