January numbers are in without any surprises. We did see a small holiday affecting the pace of closed transactions, however new escrows out paced December ’09. Buyer appetite is strong even with new FHA rules coming into play.

The big change in the Palmdale, Lancaster real estate market for 2010 is Short Sales are out pacing bank owned (REO). REO’s are running 26% of the core area, while Shore Sales are 30% and with “normal listing” at 44% of the total. We are projecting Short Sales will be 35% and REO’s holding at 28% by spring.


Keller Williams Realty AV Ranked #1 in the Antelope Valley

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