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Short Sale to Dominate Antelope Valley Real Estate Market

Posted by Richard OBrian on February 3, 2010 at 8:19am
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 ValleyRichard & Janet - Certified Short Sale Professional Realtors661-733-0507 OR 733-0508Keller Williams Realty AV Serving Palmdale, Lancaster in Californiawww.HomesByJR.comwww.ShortSaleByJR.com
Tags: Sale, Short, estate, lancaster, palmdale, real
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  • David Dee February 6, 2010 at 9:33pm
    That seemed to reflect the predictions that this is the year of the shortsales. I've noticed a upside spike around my area as well.
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