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Palmdale, CA Real Estate News

By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
West Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find West Palmdale real estate statistics for the last seven days.Total inventory today is: 4327    Of these, the number that are short pays is: 127    the number that are bank owned is: 2647Number of homes entering the market in the last 7 days: 25     Of these, the number that are short pays is: 4Number of homes entering escrow in the last 7 days: 27Number of homes closing escrow (sold) in the last 7 days: 22    Of these, the number that are short pays is: 1Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 32See my 24 hour Market Report of the entire A...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The O'Brian Stats for The Antelope Valley Palmdale November 7 2008 Keller Williams Realty AVHomes are still selling fast here in the Antelope Valley, Palmdale and Lancaster CA.  We are on average closing 11.5 homes a day.  Projecting the daily average we could close 350 this month compared to November 07 we closed a mere 165... Core Numbers New Listings 65 Back on the Market 14 Reductions 80 Pendings 50 Sold 33 Off The Market 25   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. (Out-Of-Area Kern Co, M...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The O'Brian Stats for The Antelope Valley Palmdale November 6 2008 Keller Williams Realty AVOctober sold in the Palmdale, Lancaster & other core areas was 668 units VS 187 in October 07 that a whopping 257% gain in sold units.Here is another shocker open escrows from August 2007 through December 07 in the core area was 856.  From August 2008 YTD we have open 2,365 units that over 176% gain in open escrows.November is starting to show some holiday pressure in open escrows. August in the first 5 days of the month had 78 open escrows.  September 131, and October 136 and November 105.  It is a small drop from the last two months, but ahead of August 08 so the slowing looks to be holiday pressure.We are seeing a drop in active resale homes running around 3,400 to 3,200 now dropping below 2,9...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The O'Brian Stats for The Antelope Valley Palmdale November 4 2008 Keller Williams Realty AVSo here we are on election night all looking to see what we decide. The best advice is to VOTE... Back in the morning. Oh on a numbers note, we have dropped bellow 3,000 in inventory for the first time this year. We are already looking to move over 400 into escrow this month... Core Numbers New Listings 51 Back on the Market 15 Reductions 61 Pendings 45 Sold 36 Off The Market 35   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 ...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
East Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find East Palmdale real estate statistics for the last seven days.Total inventory today is: 4320    Of these, the number that are short pays is: 1262    the number that are bank owned is: 2625Number of homes entering the market in the last 7 days: 301     Of these, the number that are short pays is: 11Number of homes entering escrow in the last 7 days: 87Number of homes closing escrow (sold) in the last 76 days: 54    Of these, the number that are short pays is: 2Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 80See my 24 hour Market Report of the enti...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
West Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find West Palmdale real estate statistics for the last seven days.Total inventory today is: 4328    Of these, the number that are short pays is: 122    the number that are bank owned is: 2632Number of homes entering the market in the last 7 days: 96     Of these, the number that are short pays is: 19Number of homes entering escrow in the last 7 days: 34Number of homes closing escrow (sold) in the last 7 days: 38    Of these, the number that are short pays is: 0Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 32See my 24 hour Market Report of the entire ...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
East Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find East Palmdale real estate statistics for the last seven days.Total inventory today is: 4349    Of these, the number that are short pays is: 1298    the number that are bank owned is: 2625Number of homes entering the market in the last 7 days: 296     Of these, the number that are short pays is: 11Number of homes entering escrow in the last 7 days: 96Number of homes closing escrow (sold) in the last 7 days: 54    Of these, the number that are short pays is: 3Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 80See my 24 hour Market Report of the entir...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
West Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find West Palmdale real estate statistics for the last seven days.Total inventory today is: 4352    Of these, the number that are short pays is: 1306    the number that are bank owned is: 2620Number of homes entering the market in the last 7 days: 105     Of these, the number that are short pays is: 32Number of homes entering escrow in the last 7 days: 39Number of homes closing escrow (sold) in the last 7 days: 22    Of these, the number that are short pays is: 3Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 20See my 24 hour Market Report of the entir...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The O'Brian Stats for The Antelope Valley Palmdale October 23 2008 Keller Williams Realty AVHouse prices are dropping and sales are moving up in the Antelope Valley, particularly among foreclosures.  We are seeing two types of buyers making deals right now - investors with "gazillions of dollars" who scoop up several properties they turn into rentals and folks with clean credit who saved up their money, waiting for the prices to drop.Homes people couldn't afford a year ago are now within reach; a lot of first time buyer's can afford to buy.  Also people who saved their money are taking advantage of the lowered property prices, now able to purchase homes that have the amenities they want. Core Numbers New Listings 82 Back on the Market 12 Reductions 87 Pendings 44 Sold 28 Off The Market ...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The O'Brian Stats for The Antelope Valley Palmdale October 21 2008 Keller Williams Realty AVHere we are heading into the Holladay's in a shifting real estate market.  Bank Own, Short Sales and Auction homes are the new normal.  Sure you can find some actual homes for sell that are not any of the above but they are over price.  Core Numbers New Listings 66 Back on the Market 10 Reductions 68 Pendings 43 Sold 26 Off The Market 30   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. (Out-Of-Area Kern Co, Mo...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
East Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find East Palmdale real estate statistics for the last seven days.Total inventory today is: 4376    Of these, the number that are short pays is: 1322    the number that are bank owned is: 2612Number of homes entering the market in the last 7 days: 285     Of these, the number that are short pays is: 37Number of homes entering escrow in the last 7 days: 92Number of homes closing escrow (sold) in the last 7 days: 40    Of these, the number that are short pays is: 1Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 69See my 24 hour Market Report of the entir...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
I hope you have a wonderful day, and share some tid bits of information with your clients, everyone enjoys knowledge. WORST BEAR EVER - Between 9/06/29 and 6/01/32 (a bear market lasting 33 months), the S&P 500 fell 86.2%.  After hitting bottom on 6/01/32 (at an index value of 4.40), the S&P 500 did not recover back to a new all-time high (i.e., above the 9/06/29 high of 31.92) until 9/22/54.  The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: BTN Research).  CURRENT BEAR - Between 10/09/07 and 10/10/08 (a period of 12 months), the S&P 500 fell 42.5%, a tumble that was half as bad as the 86.2% index decline that took place during the Great Depression (source: BTN Research). BAD QUARTERS - The 3 worst qu...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The O'Brian Stats for The Antelope Valley Palmdale October 20 2008 Keller Williams Realty AVMonday numbers in late October are a good indicator of how the market is moving into the Holladay season.  We can't compare last October due to the sub-prime debacle.  What we can do is look at how we are doing in the last 6 months, as this is a new shifting real estate market.Currently we are projecting 700 new escrows to be opened this month.  With a modest slowing as we move closer to Thanksgiving and December.If you believe home prices still have room to move lower, you might be surprised to hear lower end homes are flatting out and in some cases inching up in the Antelope Valley, Palmdale & Lancaster areas. Core Numbers New Listings 28 Back on the Market 2 Reductions 41 Pendings 19 Sold 7 Of...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
West Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find West Palmdale real estate statistics for the last seven days.Total inventory today is: 4384    Of these, the number that are short pays is: 1320    the number that are bank owned is: 2619Number of homes entering the market in the last 7 days: 99     Of these, the number that are short pays is: 26Number of homes entering escrow in the last 7 days: 52Number of homes closing escrow (sold) in the last 7 days: 23    Of these, the number that are short pays is: 2Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 21See my 24 hour Market Report of the entire...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
You might have miss us last Saturday at the 23rd annual Palmdale Fall Festival. One of the more favorite presentations was The Living Garden. Visitors looked at statues that came to life and extend a hand for a bump or to grab a baseball cap right off your head. The woman in the ivy is astounding its mythical I was really taken in by how interesting she was and how well she looked just like ivy that came to life. The woman in the ivy is a living walking 13-foot-tall stilt individual wrapped in a sheath of vines and leaves, attracting a humongous followers wherever she goes. We had a great time at the Palmdale Fall Festival this year. The food was just like the best you find at festivals and fairs and alike. The Backyard Amateur BBQ was very cool. If you have a chance to visit the Antelo...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
I NEED YOUR HELP! Amy Constantine -MDA's MOST WANTED CITIZEN! I'm going behind bars for "GOOD" PLEASE HELP BAIL ME OUT! Your donation is my key to freedom!   Be proud of the fact that together we're providing help and hope to kids and adults served by MDA in our community.   All we need is $1600 and a good time please show your support and give to a great cause! TEAM O'Brain    
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
East Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find East Palmdale real estate statistics for the last seven days.Total inventory today is: 4433    Of these, the number that are short pays is: 1337    the number that are bank owned is: 2643Number of homes entering the market in the last 7 days: 102     Of these, the number that are short pays is: 15Number of homes entering escrow in the last 7 days: 89Number of homes closing escrow (sold) in the last 7 days: 36    Of these, the number that are short pays is: 0Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 67See my 24 hour Market Report of the entir...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
West Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find West Palmdale real estate statistics for the last seven days.Total inventory today is: 4421    Of these, the number that are short pays is: 1332    the number that are bank owned is: 2644Number of homes entering the market in the last 7 days: 41     Of these, the number that are short pays is: 3Number of homes entering escrow in the last 7 days: 35Number of homes closing escrow (sold) in the last 7 days: 16    Of these, the number that are short pays is: 0Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 28See my 24 hour Market Report of the entire ...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The O'Brian Stats for The Antelope Valley Palmdale October 11 2008 Keller Williams Realty AVOur Team tracks a set of core numbers to provide current market trends for our clients and Team members.With all the action in the Antelope Valley, Palmdale and Lancaster areas I just don't see the buyers stopping anytime soon.  The Dow drop like a rock, credit crunch, nothing is slowing this stampede down.  With home prices at a 40% plus discount and a pickup in approved short sales we are closing over 400 units with 1500+ in the pipeline. Core Numbers New Listings 61 Back on the Market 8 Reductions 48 Pendings 32 Sold 37 Off The Market 29   The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelop...
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By Don Gockel, Realtor, GRI, DRE #01319651 - Antelope Valley Real Estate Specialist
(Keller Williams)
East Palmdale, California Real EstateWe here at the Gockel Group we continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find East Palmdale real estate statistics for the last seven days.Number of homes entering the market: 113     Of these, the number that are short pays is: 13Number of homes entering escrow: 85Number of homes closing escrow (sold): 55    Of these, the number that are short pays is: 3Number of homes cancelled/removed/expired/withdrawn from the market: 102See my 24 hour Market Report of the entire Antelope Valley by viewing A.V. Real Estate Trends (or paste www.gockelgroup.com/charts to your browser)To find the true value of your home with a free, over-the-net home evaluation, please visit: Pa...
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