Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJuly 2 2009 The Antelope Valley Palmdale Lancaster in the high desert where the land the space shuttle from time to time.  Available resale homes have dropped to levels not seen since the mid 1990’s.  Buyers are faced with bidding up the listed price and not winning the deal as most listings are getting multiple offers. Below is a breakdown of Sold activity for June 2009.   The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.Dailys* New Listings 44   Back on Market 10   Price Increases 1   Price Reductions 10   Pendings 36   Solds 44   Expireds 21   Inactives 4   Month to Date and Projected open Escrows* Total Active   1,246   Total Active ... 07/02/2009

Have you been making the most of you business in Real Estate?  Did you know Keller Williams international is one of the fastest growing firms in the country?   You can be a part of that teem. Here is Larry Burkey team leader at out Palmdale office from on video with some pointers on the Keller Williams Family:     You can contact Larry.... 07/01/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJuly 1 2009 My family in Palmdale has enjoyed using “Safe and Sane” fireworks in the past however this year we are opting for a professional fireworks shows. When using “Safe and Sane” fireworks remember: Have an adult present Always read directions and use common sense Only use outdoors away from buildings, vehicles & dry grass Keep others at a safe distance Never point or throw fireworks Never alter or take apart Do not give to young children ever Have a bucket of water handy for dousing misfired and spent fireworks Don’t attempt to relight or fix malfunctioning fireworks  Your Pets don’t like it at all take these precautions: DO NOT take your pet to fireworks displays Your pets should be kept indoors at home in... 07/01/2009

Ever year around the 4th of July Birthday of the USA I remind everyone to enjoy and a great time celebrating the day.  And remember that our pets can have a hard time with the fireworks. Keep it Safe Professional fireworks showing in the Greater Antelope Valley: LancasterClear Channel Stadium45116 Valley Central WayJuly 3rd Game at 7pm LancasterAntelope Valley Fairgrounds2551 West Ave H4th of July Celebration!Gates open at 6:00 p.m.Fireworks start at 9:00 p.m.Free admission and parking PalmdalePalmdale High SchoolC2137 E. Avenue R9:10 p.m. - 9:45 p.m.   Team O'Brian 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://ww... 06/30/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 30 2009We are closing out June 2009 with the same trend buyers everywhere with a dwindling available inventory.  With only about a month and haft left at current consumption, buyers need to know that they can still find their dream home but the process has changed.  No longer can they pay list as most if not all are being bided up with multiple offers.       As we move into the most active buying season without enough inventory to go around it will become frustrating to buyers not getting the home they want. However with a local buyer Agent you can rest-a-sure you’ll be in good hands.  So if you are looking to find your dream home give us a call we’ll work for YOU… The new look of the Dailys which are a set o... 06/30/2009

West Palmdale, California Real EstateWe here at the Gockel Group, 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: 135   Of these, the number that are short pays is: 73Number of homes entering the market in the last 7 days: 16    Of these, the number that are short pays is: 11Number of homes entering escrow in the last 7 days: 21Number of homes closing escrow (sold) in the last 7 days: 23   Of these, the number that are short pays is: 19Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 12See my 24 hour Market Report of the entire Antelope Valley by viewing A.V. Real Estate Trend... 06/29/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 26 2009Get-a-way Friday NOT.  In the Antelope Valley Palmdale Lancaster area in California we are just about out of homes to sell,  You heard right we are under 2 months of available active inventory.  No rest for the Team in the trenches work is the game right now.   Buyers are everywhere offers are flying like hair at the barber shop.  Most if not all new listing are getting between 10 to 50 offers some cash.  If we don’t get more inventory soon will be selling out… The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.Dailys* New Listings 36   Back on Market 9   Price Increases 0     Price Reductions 24   Pendings 31   Solds 44   Expi... 06/26/2009

East Palmdale, California Real EstateWe here at the Gockel Group, 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: 289   Of these, the number that are short pays is: 155Number of homes entering the market in the last 7 days: 47   Of these, the number that are short pays is: 12Number of homes entering escrow in the last 7 days: 78Number of homes closing escrow (sold) in the last 7 days: 51   Of these, the number that are short pays is: 2Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 36See my 24 hour Market Report of the entire Antelope Valley by viewing A.V. Real Estate Trends... 06/24/2009

East Palmdale, California Real EstateWe here at the Gockel Group, 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: 291   Of these, the number that are short pays is: 157Number of homes entering the market in the last 7 days: 48   Of these, the number that are short pays is: 14Number of homes entering escrow in the last 7 days: 71Number of homes closing escrow (sold) in the last 7 days: 59   Of these, the number that are short pays is: 2Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 36See my 24 hour Market Report of the entire Antelope Valley by viewing A.V. Real Estate Trends... 06/23/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 22 2009We start the last week of June 2009, with buyers holding the cards and buying up everything below 150K.  We are starting to see higher end homes moving too.  This is a buyer market with a twist as the seller are banks either short sales or bank own properties for the most part.  A new trend is at the verge home owners who are not under water looking to sell and move up as prices are starting to stabilize.  Interest Rates pulled back a bit last week and are still at historically low.  The biggest unknown are the always promised “Next Wave” of bank own homes coming into the market.  When this happens we believe it will be a controlled release however no one can tell for sure.  But we can surmise the powe... 06/22/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 20 2009The greater Antelope Valley Palmdale, Lancaster area is in the grip of a strange market a Shift is happing right now.  With the bank own properties sitting on the sidelines waiting to be released Short Sales are center stage now.  And with the shrinking inventory buyers are having trouble getting the winning offer.The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.Dailys* New Listings 53   Back on Market 11   Price Increases 3   Price Reductions 13   Pendings 41   Solds 37   Expireds 10   Inactives 6   Month to Date and Projected open Escrows* Total Active   1,319   Total Active Core Area      909   Total Active REO's      222 ... 06/20/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 18 2009California homes prices tick up in May and look to move up in June.  According to recent reports California home are showing a 1% increase in pricing over April 2009.  With the current slowdown in bank own properties coming into the marked it is having the effect we predicted in recent posts.  We believe this maybe intentional; in holding back the “Next Wave” could add pressure on builders to ramp-up new housing starts which we are seeing in the greater Antelope Valley area.   Are we at the bottom in the greater Antelope Valley, Palmdale Lancaster areas for now we believe the answer in YES.  With prices discounted to 1980’s levels.  My recommendations are if you want to move up or buy for investment no... 06/18/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 16 2009The Governor of Calif. signed a bill adding a 90-day moratorium on foreclosures in California.  The bill does not apply lenders who have a modification program in position meeting standards set forth in the bill, including reduction of payments to 38% of a borrower's income that’s higher than the 31% standard in the Obama Administration plan.  Nonetheless it brings to a standstill at least some foreclosures. And is a major missing piece of the Administration's plan announced last week.  Other than California and apart from the lenders voluntary foreclosure freezes, homes will continue to be foreclosed while the new program is put in place. Heard on the street the legislation might allow Bankruptcy Cour... 06/16/2009

The clock is running, for California residents wanting to take advantage of the tax credit. The state started with $100 million to help home buyers purchasing newly built homes, hoping to jump start the moribund residential-construction market. But only about 19% of the 100 mill is left.Buyers please take note if you are looking for a home now is the time, don't be left behind. TEAM O'Brian PS.  Just a mid day update on available inventory: we started the day with 930 in the greater Antelope Valley as of 2:00m PST we are down to 916...   06/15/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 15 2009Here we are with haft of 2009 in the books available inventory in way down in the Antelope Valley, Palmdale, Lancaster area we have been under one-thousand for almost a week with only here-say that more bank own properties are coming.  To add at to the buyer-frenzy it has been reported in major papers that the great Antelope Valley homes are now below late 1980 prices. We believe that the historically low inventory and a huge discount in prices combined with mortgage rate moving higher (however still historically low) must push up prices in the short term.The ever elusive “Coming Wave” of bank own homes and we have them sitting vacant all over the Antelope Valley, all you need to do is look for the dea... 06/15/2009

West Palmdale, California Real EstateWe here at the Gockel Group, 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: 150   Of these, the number that are short pays is: 87Number of homes entering the market in the last 7 days: 16    Of these, the number that are short pays is: 13Number of homes entering escrow in the last 7 days: 28Number of homes closing escrow (sold) in the last 7 days: 22   Of these, the number that are short pays is: 20Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 10See my 24 hour Market Report of the entire Antelope Valley by viewing A.V. Real Estate Trend... 06/15/2009

The west Palmdale restaurant, Applebee's, which closed down in January, will reopen under new management by July.  The restaurant was purchased by the largest owner of Applebee's, Apple American Group.  The new owner is already hiring staff and will also do some minor remodeling before the open.  Exterior revamping will include new signage and awnings which will give the restaurant some more "pop".  The Apple American Group LLC is a deep pocket and experienced owner, owning some 189 Applebee's in Ohio, New Jersey, Delaware, Pennsylvania, West Virginia, Washington State, Nevada, and California.  Apple American in 2008 reported sales of $440M and employed 11,600.  The above Applebee's is located on 10th St West, just north of Rancho Vista Blvd (Ave P), directly across the street from the ... 06/10/2009

East Palmdale, California Real EstateWe here at the Gockel Group, 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: 330   Of these, the number that are short pays is: 190Number of homes entering the market in the last 7 days: 45   Of these, the number that are short pays is: 16Number of homes entering escrow in the last 7 days: 86Number of homes closing escrow (sold) in the last 7 days: 50   Of these, the number that are short pays is: 0Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 27See my 24 hour Market Report of the entire Antelope Valley by viewing A.V. Real Estate Trends... 06/09/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 6 2009Antelope Valley Foreclosure Update Local realtors are telling the media that anywhere from 80% to 95% of their sales are distress sales.A distress sale is a home transaction in some form of the foreclosure process, being notice of default, trustee sale process, bank owned, or short sale.  AV home sales have two unmistakable trends:  falling sales prices at double digits rates and very active sales at between 600 to 800 MLS sales per month.  In April, MLS sales were +152% higher than April of 2008. In April, the GAVAR MLS sold 866 homes.  With prices low, demand is strong from investors and first time buyers, with multiple offers common.  In April, the average selling price was $122,408 which was down -4... 06/09/2009

Real Estate Trends for Palmdale, Lancaster and the Greater Antelope ValleyJune 5 2009Homes we are almost under 1,000 active Single Family homes in the greater Antelope Valley.  Historically these levels have not been seen since the big run-up.  With that said there are bank own homes poised to be released for sale, however the word on the street is it will not be a flood, but a “controlled” one.  If there is a dumping of home onto the market it will impact prices downwards and stall any new building, and new building is just what the Government wants to push the recovery forward.If this assumption is correct or even close, we are at the bottom with regard to prices, and with the tax credit at this point ending in December and rates moving north buyers will be hitting us hard.  Let me ju... 06/06/2009