Real Estate Trends - Palmdale, Lancaster, Anaverde and the Greater Antelope Valley September 14, 2010
Retail numbers are up in August and the stock market is up so far in September. Can housing be far behind? Yes in the Antelope Valley, Palmdale and Lancaster area in the high desert we are getting ready for the new Medical Center and Macy’s to open. Macy’s is slated to start off the holiday season on September 22nd.
Inventory is on the rise we hit the 1,800 available resale homes and over 1,250 in the core area, a normal amount for our market is about 2,500. Just a year ago we reported 1,085 overall and only 726 active homes on the market. We are up over 42% in the core area and over 39% overall. With prices holding the high desert is still one of the best places to buy a home. You can get into a 2,200 SqFt, 4 bedroom 3 bath home on the Westside of Palmdale for under $220,000, talk about a great deal…
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Stop-foreclosure
| Monthend Numbers | |||||||||||||
| Aug | July | June | May | April | March | Feb | Jan '10 | Dec '09 | Nov | Oct | Sep | Aug | |
| Listed | 692 | 675 | 659 | 624 | 716 | 732 | 697 | 691 | 598 | 756 | 659 | 701 | 691 |
| Pending | 497 | 475 | 579 | 490 | 698 | 677 | 623 | 556 | 507 | 667 | 593 | 725 | 564 |
| Sold | 376 | 412 | 469 | 417 | 327 | 512 | 362 | 369 | 517 | 565 | 549 | 564 | 612 |
| % CHG Month over Month | |||||||||||||
| Listed | 2.46% | 2.37% | 5.31% | -14.74% | -2.23% | 4.78% | 0.86% | 13.46% | -26.42% | 12.83% | -6.37% | 1.43% | |
| Pending | 4.43% | -21.89% | 15.37% | -42.45% | 3.01% | 7.98% | 10.75% | 8.81% | -31.56% | 11.09% | -22.26% | 22.21% | |
| Sold | -9.57% | -13.83% | 11.09% | 21.58% | -56.57% | 29.30% | -1.93% | -40.11% | -9.28% | 2.83% | -2.73% | -8.51% |
| % CHG Current Month over Same Month Last Year | |||||
| Listed | 0.145% | ||||
| Pending | -13.481% | ||||
| Sold | -62.766% |
| New Listings | 30 |
| Back on Market | 4 |
| Price Increases | 2 |
| Price Reductions | 28 |
| Pendings | 29 |
| Solds | 21 |
| Expireds | 4 |
| Inactives | 10 |
| Month to Date and Projected Opened Escrows* | |||
| Total Active | 1,800 | ||
| Total Active Core Area | 1,263 | ||
| Total Active REO's | 264 | 5 | Added |
| Total Short Sale | 461 | 7 | Added |
| Pending MTD/Projected | 184 | 394 | |
| Sold MTD/Projected | 116 | 249 | |
| Percent Sold Over List Price | 52.59% | ||
| Sold Last Month / % of Difference | 376 | -33.89% | |
| Last Year Month / % of Difference | 612 | -59.38% | |
| Active Listing Mix (Core) | |||
| REO % of TTL | 20.90% | ||
| Short Sale % of TTL | 36.50% | ||
| REO+SS % of TTL | 57.40% | ||
| Traditional Sale % of TTL | 42.60% |
Absorption Rate*
Current Month 2.4 Months
At Last Months Rate 3.9 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 Special
ist 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.
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