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Palmdale, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
0 Vac/Vic Avenue T12/180 Ste Ave Black Butte CA 93591: Accepting Backup Offers... I am super proud of this transaction. First my niche market being a Land Listing and Selling Agent in California and second niche being International Realtor who speaks German & Hungarian got me the listing.Just to be clear in 29+ years this is my smallest list priced vacant lot. I hear my father in the back of my head: Every Dollar is a Dollar! So, with that said what is even more exciting that I told the sellers we need to plan on a year or so to sell it. Well, go figure 13 Days after I listed it we are in Escrow!Directions: Head 138St East to 170th E head North to Ave T head East to 180th St ERemarks: This is the least expensive vacant lot on the market in the 93591-zip code. Truly a fantastic investmen...
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By Debra Mitchell-Adams, Changing Lives. One Home At A Time.
(JohnHart Realty)
Top 5 tips for first-time homebuyers before shopping for a home. Get pre-qualified.  Looking for a home without getting pre-qualified by a lender is like going shopping with no money. When you go to a lender to get pre-qualified they will examine all of your debts, income, retirement savings and other assets and assess how much you can spend for a mortgage.  Pre-qualifying for a mortgage is a very important step to home ownership (the most important in fact) and should not be circumvented.  Many homebuyers just want to start looking for a home with no actual idea of what they can afford.  Some just look at their monthly expenses and come up with a random figure (in the market I work it the figure is usually $1200 for some odd reason) without ever talking to a lender.  Once they do spea...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Sep 27, 12  So we are into fall with the cold weather just around the corner as Realtors in the high desert we tend to enjoy the coming of the chill.  Well enough about the weather, as real estate goes we are in a strange situation, very low inventory with increasing sales, but prices are not rising as they should.  It appears there is some pressure on the lending side as well and appraisers to be extra fussy these days.  Right now is the best time to buy a home period.  Prices are heavily discounted from past years; interest rates are under 4%. If you are looking to list your home with an established team that knows how to get top dollar give Janet a call. Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you w...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 69   Of these, the number that are short pays is: 12Number of homes entering the market in the last 7 days: 9    Of these, the number that are short pays is: 2Number of homes entering escrow in the last 7 days: 14Number of homes closing escrow (sold) in the last 7 days: 11   Of these, the number that are short pays is: 1Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 4ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED RE...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 82   Of these, the number that are short pays is: 23Number of homes entering the market in the last 7 days: 23   Of these, the number that are short pays is:4Number of homes entering escrow in the last 7 days: 36Number of homes closing escrow (sold) in the last 7 days: 19   Of these, the number that are short pays is 6Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 13ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED REL...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 69   Of these, the number that are short pays is: 12Number of homes entering the market in the last 7 days: 18    Of these, the number that are short pays is: 2Number of homes entering escrow in the last 7 days: 15Number of homes closing escrow (sold) in the last 7 days: 9   Of these, the number that are short pays is: 2Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 6ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED RE...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 76   Of these, the number that are short pays is: 23Number of homes entering the market in the last 7 days: 20   Of these, the number that are short pays is: 5Number of homes entering escrow in the last 7 days: 32Number of homes closing escrow (sold) in the last 7 days: 14   Of these, the number that are short pays is 2Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 13ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED RE...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 66   Of these, the number that are short pays is: 11Number of homes entering the market in the last 7 days: 14    Of these, the number that are short pays is: 0Number of homes entering escrow in the last 7 days: 14Number of homes closing escrow (sold) in the last 7 days: 11   Of these, the number that are short pays is: 4Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 11ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED ...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 88   Of these, the number that are short pays is: 26Number of homes entering the market in the last 7 days: 28   Of these, the number that are short pays is: 4Number of homes entering escrow in the last 7 days: 23Number of homes closing escrow (sold) in the last 7 days: 28   Of these, the number that are short pays is 8Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 22ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED RE...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Aug 30, 2012  It been a month or so since I’ve posted to ActiveRain, however I’m back in the swing with all the family business done for now.  So let’s take a look at the Real Estate market in the Antelope Valley, starting with Palmdale, Short Sale and Foreclosures are gone, history for now, Traditional Sales are back in vogue.  We are keeping a close eye on this trend and believe we could see a return of homeowners listing short in the months to come but the numbers are going to be lower then we have seen in recent memory.  Bank owned homes are all but dead banks are approving short sale these days.  I will give you a update on Lancaster in tomorrows post. If you are looking to list your home with an established team that knows how to get top ...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, July 10, 2012  On these hot dogs days of summer real estate is all over the place.  Buyers were holding back in May and June but are now starting to check things out.  To bad we just don’t have the inventory right now.  Bank owned homes under 50 units, Short Sales under 70 units.  The deals are still here but you need to move fast and have your loan in the works and cash for you down and closing cost in the bank.  As for prices in the Antelope Valley, Palmdale and Lancaster they are holding for the most part, however with inventories so low they will rise but we just can’t tell when. Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale Specialist What Should You Do If You Learn t...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 84   Of these, the number that are short pays is: 9Number of homes entering the market in the last 7 days: 22    Of these, the number that are short pays is: 0Number of homes entering escrow in the last 7 days: 13Number of homes closing escrow (sold) in the last 7 days: 10   Of these, the number that are short pays is: 7Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 9ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED RE...
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By The Albarado Group-Antelope Valley Real Estate Experts
(Keller Williams Realty-The Albarado Group)
    It would seem to me that the Federal Government programs would be exempt from state taxes.  It would seem (this time) that the Federal Housing Finance Agency (FHFA) might be correct regarding the Fannie Mae & Freddie Mac programs.  These programs should not be taxed by the state or local governments.  There could be several transfers before the property is finally sold.  More costs to a transaction? Let’s see what happens.  ------------------------------------------------------------------------------------------------------------------------- From Realtor Magazine - FHFA Tries to Halt Real Estate Transfer Taxes   Daily Real Estate News | Monday, June 25, 2012   Joining other states considering similar moves across the country, the Illinois Department of Revenue plans to bring taxes...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, June 26, 2012  Inventory remains low; banks are adding new requirements to funding your loan.  In the Antelope Valley bank owned homes are just 10% of the market, however there is a possibility of more coming into the market in the next few months.  Short sales are just 18% of the market, rumor has it short sale are coming in just weeks, but who can really say.   Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale Specialist 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 ...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, June 22, 2012  Reported June 21 of this month on CNNMoney – If you were foreclosed during 2009 and 2010 you might be in titled to get $125,000 from the lender.  This is just part of a review being overseen by two government agencies.  The full story.  Check it out to see if you qualify. Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale Specialist 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, acco...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
We have learned that four equity firms with a total of two billion dollars are actively buying homes in Southern California.  San Bernardino and the Antelope Valley are seeing 20 to 30 per week bought by these corporate buyers.  These buyers are not low-ball buyers--either their offers are within 5,000 dollars of asking or sometimes over.  These equity firms are buying mainly single-family homes ranging from below 100,000 to the low 200,000’s.  These homes are becoming rentals and could be held for 5 to 7 years. The question is how with this affect the real estate in the short term.  As more and more homes in the Antelope Valley move from ownership to rentals will sellers start to run away?  Will all these rentals hold down prices?  What about the long term?  Let’s say these equity firm...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, June 15, 2012  Is it a buyer market?  If you ask buyers they would say yes and they would be dead wrong.  It seems buyers are still thinking we are in the market of 2008 and 2009 and sellers are desperate.  Seller to buyers no more low offers!  We are at the start of a new sellers market in the Antelope Valley Palmdale and Lancaster has seen the available inventory is historically low.  Distress properties like short sale and bank owned homes combined are only 37% of the market wile Traditional Sale are 63% hand have been climbing since February 2012.  The Antelope Valley Palmdale and Lancaster market has already moved through over 15,000 distress homes back in 2008/09.  Janet O'Brian is a Certified Short Sales Specialist in California is ready...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
NEW CONSTRUCTION FACTS FOR NEGOTIATION When you select Lupe Soto Realtor, New Construction Specialist & Buyers Agent to represent you for the purchase of a new construction home in Los Angeles County YOU can get incentives that may otherwise be kept by the builder or paid to the on-site agent. Working with a Realtor that specializes in new construction, IT DOES NOT COST, IT PAYS! Why do you need a Buyer's Agent VERSUS a Seller's Agent or Builder Agent? The advantages of working with Lupe Soto Realtor on new construction include: Price: you may be able to get a better price if Lupe Soto, New Construction Specialist Agent negotiates on your behalf. Amenities: we'll help you get paint, appliances, and other finishing touches thrown into the deal. Other incentives: builders sometimes offer ...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 126   Of these, the number that are short pays is: 51Number of homes entering the market in the last 7 days: 26   Of these, the number that are short pays is: 3Number of homes entering escrow in the last 7 days: 37Number of homes closing escrow (sold) in the last 7 days: 21   Of these, the number that are short pays is 4Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 14ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED R...
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By Don Gockel, Realtor, Broker, GRI - Antelope Valley Real Estate
(NextHome The Gockel Group - Palmdale Lancaster Quartz Hill -)
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: 66   Of these, the number that are short pays is: 17Number of homes entering the market in the last 7 days: 14    Of these, the number that are short pays is: 3Number of homes entering escrow in the last 7 days: 21Number of homes closing escrow (sold) in the last 7 days: 8   Of these, the number that are short pays is: 5Number of homes cancelled/removed/expired/withdrawn from the market in the last 7 days: 8ALL DATA WAS DERIVED FROM THE "GREATER ANTELOPE VALLEY ASSOCIATION OF REALTORS®" AND IS DEEMED RE...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, June 6, 12  Are we in for a wild time this summer as inventory shrinks, prices are surly going to rise combined with low mortgage rates if you’re in the market to buy a home now is the time.  In Palmdale California we have only 225 Single Family Homes listed on our MLS, Lancaster 331.  These numbers should be alarming in many ways; first without enough homes available to buyers bidding wars are coming back, bad for buyers. Secondly builders should see this as a signal to start building new homes, but with the economy not growing as well as we would like we could see them slow to pull the trigger. Lastly sellers are still under water, selling short is 30% of the market.  Add in bank owned homes, we are at 45% of the market which adds downwards pr...
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