Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley March 1, 2012.
Buyers need to know the perils of escrow the excitement and the uncertainty of something going wrong. Escrows
and go bad for a number of issues, currently we are seeing lending as the biggest obstacle is closing escrow, with the tighter requirements they days even qualified people can be denied.
Repairs can also mess up you closing for first time buyers. Any red flags that popup can be scary, and asking for every little item to be fixed by the seller might be seen as unreasonable, even more so in a short sale as the seller does not have any cash to repair anything let alone make the mortgage payment.
The well meaning friend, relative or associate can create doubt in mind of the buyer. I my experience most if not all of this uninformed real estate information is made up from misunderstanding news. The buyer could freak-out, and tries to back out of the deal. Such “advice” is usually wrong, and doesn’t take into account the current realities of the marketplace. Believing what you read in the paper can be hazardous to your financial health!
Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation…Short Sale
| Monthend Numbers | |||||||||||||
| Feb | Jan '12 | Dec | Nov | Oct | Sep | Aug | July | June | May | Apr | Mar | Feb | |
| Listed | 561 | 601 | 599 | 732 | 797 | 813 | 679 | 631 | 646 | 620 | 561 | 690 | 443 |
| Pending | 495 | 581 | 522 | 572 | 568 | 585 | 542 | 468 | 502 | 518 | 487 | 504 | 414 |
| Sold | 308 | 416 | 476 | 467 | 557 | 545 | 413 | 369 | 392 | 374 | 384 | 389 | 299 |
| % CHG Month over Month | |||||||||||||
| Listed | -7.1% | 0.3% | -22.2% | -8.9% | -2.0% | 16.5% | 7.1% | -2.4% | 4.0% | 9.5% | -23.0% | 35.8% | |
| Pending | -17.4% | 10.2% | -9.6% | 0.7% | -3.0% | 7.4% | 13.7% | -7.3% | -3.2% | 6.0% | -3.5% | 17.9% | |
| Sold | -35.1% | -14.4% | 1.9% | -19.3% | 2.2% | 24.2% | 10.7% | -6.2% | 4.6% | -2.7% | -1.3% | 23.1% | |
| % CHG Current Month over Same Month Last Year | |||||||||||||
| Listed | 21.0% | 8.5% | 7.3% | 20.9% | 32.1% | 21.0% | -1.9% | -7.0% | -2.0% | -0.6% | -27.6% | -6.1% | -57.3% |
| Pending | 16.4% | 32.5% | 23.0% | 27.3% | 32.7% | 9.4% | 8.3% | -1.5% | -15.3% | 5.4% | -43.3% | -34.3% | -50.5% |
| Sold | 2.9% | 28.6% | 11.3% | 25.5% | 38.8% | 10.8% | 9.0% | -11.7% | -19.6% | -11.5% | 14.8% | -31.6% | -21.1% |
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 | 1,428 | ||
| Total Active Core Area | 1,023 | ||
| Total Active REO's | 196 | ||
| Total Short Sale | 423 | ||
| Pending MTD/Projected | 0 | 0 | |
| Sold MTD/Projected | 0 | 0 | |
| Percent Sold Over List Price | |||
| Sold Last Month / % of Difference | 308 | -100.00% | |
| Last Year Month / % of Difference | 389 | -100.00% | |
| Active Listing Mix (Core) | |||
| REO % of TTL | 19.16% | ||
| Short Sale % of TTL | 41.35% | ||
| REO+SS % of TTL | 60.51% | ||
| Traditional Sale % of TTL | 39.49% |
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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