Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley May 8, 2012

Reblogger Linda Sabo
Real Estate Agent with Re/Max Preferred Associates, Toledo, OH

I agree the market is changing--and changing for the better in the Toledo, OH and surrounding areas.  In all areas of Toledo and outside of Toledo my graphs are indicating and upward trend in the real estate market.  How is your market doing?

 

 

Original content by Richard & Janet OBrian 01737966/01367311
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley May 8, 2012
Housing on the verge of the next bubble, we can’t tell but things are getting bizarre.  Inventories are shrinking and prices are not showing and major upwards trend.  We all remember supply and demand, well the supply is down, almost too historic lows, and so are the buyers really there?   Could there be a bubble that would pop the prices up over night?   And what is driving this drop in resale homes?

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

A short sale is an effective alternative to foreclosures when keeping you home is no longer an option.  The bank wins something too, the homes remains occupied and helps to maintain stable communities, according to the Federal Housing Finance Agency (FHFA).  And with the new Short Sales Timeline Requirements put out by Freddie & Fannie should be your first choice. 

Monthend Numbers
Apr Mar Feb Jan '12 Dec Nov Oct Sep Aug July June May Apr
Listed  614 520 561 601 599 732 797 813 679 631 646 620 561
Pending  634 535 495 581 522 572 568 585 542 468 502 518 487
Sold  462 388 308 416 476 467 557 545 413 369 392 374 384
% CHG Month over Month
Listed  15.3% -7.9% -7.1% 0.3% -22.2% -8.9% -2.0% 16.5% 7.1% -2.4% 4.0% 9.5%
Pending  15.6% 7.5% -17.4% 10.2% -9.6% 0.7% -3.0% 7.4% 13.7% -7.3% -3.2% 6.0%
Sold  16.0% 20.6% -35.1% -14.4% 1.9% -19.3% 2.2% 24.2% 10.7% -6.2% 4.6% -2.7%
% CHG Current Month over Same Month Last Year
Listed  8.6% -32.7% 21.0% 8.5% 7.3% 20.9% 32.1% 21.0% -1.9% -7.0% -2.0% -0.6% -27.6%
Pending  23.2% 5.8% 16.4% 32.5% 23.0% 27.3% 32.7% 9.4% 8.3% -1.5% -15.3% 5.4% -43.3%
Sold  16.9% -0.3% 2.9% 28.6% 11.3% 25.5% 38.8% 10.8% 9.0% -11.7% -19.6% -11.5% 14.8%


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 1,007    
Total Active Core Area 687    
Total Active REO's 96    
Total Short Sale 221    
       
Pending MTD/Projected 113 438  
       
Sold MTD/Projected 79 306  
Percent Sold Over List Price     29.11%
Sold Last Month / % of Difference 462 -33.74%  
Last Year Month / % of Difference 374 -18.15%  
       
Active Listing Mix (Core)      
REO % of TTL 13.97%    
Short Sale % of TTL 32.17%    
REO+SS % of TTL 46.14%    
Traditional Sale % of TTL 53.86%    


Absorption Rate*
Current Month 2.1 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 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.

Richard & Janet - Certified Short Sale Professional HAFA - Certified
661-733-0507 OR 733-0508
Keller Williams Realty AV Serving Palmdale, Lancaster in California
www.HomesByJR.com
www.ShortSaleByJR.com
National Association of Realtors® Certification

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