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Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley Feb 23, 2012.

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Real Estate Agent with Home Based Realty 01737966/01367311
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley Feb 23, 2012.

Janet and I  have been doing Short sale for over 3 years and what was true in February 2010 still holds today, be wary of short sale scams. 


Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale 
Monthend Numbers
Jan '12 Dec Nov Oct Sep Aug July June May Apr Mar Feb Jan '11
Listed  601 599 732 797 813 679 631 646 620 561 690 443 550
Pending  581 522 572 568 585 542 468 502 518 487 504 414 392
Sold  416 476 467 557 545 413 369 392 374 384 389 299 297
% CHG Month over Month
Listed  0.3% -22.2% -8.9% -2.0% 16.5% 7.1% -2.4% 4.0% 9.5% -23.0% 35.8% -24.2%
Pending  10.2% -9.6% 0.7% -3.0% 7.4% 13.7% -7.3% -3.2% 6.0% -3.5% 17.9% 5.3%
Sold  -14.4% 1.9% -19.3% 2.2% 24.2% 10.7% -6.2% 4.6% -2.7% -1.3% 23.1% 0.7%
% CHG Current Month over Same Month Last Year
Listed  8.5% 7.3% 20.9% 32.1% 21.0% -1.9% -7.0% -2.0% -0.6% -27.6% -6.1% -57.3% -25.6%
Pending  32.5% 23.0% 27.3% 32.7% 9.4% 8.3% -1.5% -15.3% 5.4% -43.3% -34.3% -50.5% -41.8%
Sold  28.6% 11.3% 25.5% 38.8% 10.8% 9.0% -11.7% -19.6% -11.5% 14.8% -31.6% -21.1% -24.2%


Current Statistics tracking the Real Estate Market in the Antelope Valley, Palmdale & Lancaster Core areas.  Homes For Sale
Month to Date and Projected Opened Escrows*
Total Active 1,481    
Total Active Core Area 1,061    
Total Active REO's 210    
Total Short Sale 462    
       
Pending MTD/Projected 320 403  
       
Sold MTD/Projected 214 270  
Percent Sold Over List Price     45.33%
Sold Last Month / % of Difference 416 -35.14%  
Last Year Month / % of Difference 297 -9.15%  
       
Active Listing Mix (Core)      
REO % of TTL 19.79%    
Short Sale % of TTL 43.54%    
REO+SS % of TTL 63.34%    
Traditional Sale % of TTL 36.66%    


Absorption Rate*
Current Month 4.2 Months
At Last Months Rate 6.9 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 Specialist by the National Association of Realtors® (SFR) and is ready to help you with your situation Short sale Help.  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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Richard

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