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Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 18, 2012

By
Real Estate Agent with Home Based Realty 01737966/01367311

BoA sue's itselfWell is BoA to big to know what the other hand is doing?  Bank of America has sued itself for foreclosure over 10 times since late March.  That’s right BoA is taking themselves to court over foreclosures in Palm Beach County Florida.  It’s happen before with other banks Wells Fargo did it back in ’09.  My comment on this is why would a company sue itself? Is it some sort of procedural issue with the court?  Couldn’t BoA save the cost by agreeing out side of court?


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

What Should You Do If You Learn that a Forged and/or Fraudulent Deed Has Been Recorded Against Your Real Property? CONSUMER ALERT 


Monthend Numbers                        
  Mar Feb Jan '12 Dec Nov Oct Sep Aug July June May Apr Mar
Listed  520 561 601 599 732 797 813 679 631 646 620 561 690
Pending  535 495 581 522 572 568 585 542 468 502 518 487 504
Sold  388 308 416 476 467 557 545 413 369 392 374 384 389
                           
% CHG Month over Month                      
Listed    -7.9% -7.1% 0.3% -22.2% -8.9% -2.0% 16.5% 7.1% -2.4% 4.0% 9.5% -23.0%
Pending    7.5% -17.4% 10.2% -9.6% 0.7% -3.0% 7.4% 13.7% -7.3% -3.2% 6.0% -3.5%
Sold    20.6% -35.1% -14.4% 1.9% -19.3% 2.2% 24.2% 10.7% -6.2% 4.6% -2.7% -1.3%
                           
% CHG Current Month over Same Month Last Year                  
Listed  -32.7% 21.0% 8.5% 7.3% 20.9% 32.1% 21.0% -1.9% -7.0% -2.0% -0.6% -27.6% -6.1%
Pending  5.8% 16.4% 32.5% 23.0% 27.3% 32.7% 9.4% 8.3% -1.5% -15.3% 5.4% -43.3% -34.3%
Sold  -0.3% 2.9% 28.6% 11.3% 25.5% 38.8% 10.8% 9.0% -11.7% -19.6% -11.5% 14.8% -31.6%
                           


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 1,078    
Total Active Core Area 760    
Total Active REO's 136    
Total Short Sale 250    
       
Pending MTD/Projected 271 452  
       
Sold MTD/Projected 179 298  
Percent Sold Over List Price     41.90%
Sold Last Month / % of Difference 388 -23.11%  
Last Year Month / % of Difference 384 -22.31%  
       
Active Listing Mix (Core)      
REO % of TTL 17.89%    
Short Sale % of TTL 32.89%    
REO+SS % of TTL 50.79%    
Traditional Sale % of TTL 49.21%    

Absorption Rate*
Current Month 2.5 Months
At Last Months Rate 2.5 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.

Posted by

Richard

Comments(1)

John Pusa
Glendale, CA

Richard & Janet - Thanks for detailed information on real estate trends, Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 18, 2012.

Apr 18, 2012 06:13 AM