Market Reports - Antelope Valley
Keller Williams continues to lead the market in Total Residential sales, with Re/Max All Pro conceding the #2 spot to Prudential Troth YTD 2013. Century 21 Doug Anderson and Coldwell Banker - A Hartwig Company are in a dead heat for the fourth spot to round out the Top 5 Residential Brokers.
2013 Total Sales per month are holding stead in the 450-500/month range, but continue to trail 2012 sales. This is likely due to limited inventory and the percentage of Short Sales as a percent of overall market share. Expect inventory to loosen up in the coming months.
Standard Sales continue to climb quickly with Short Sales growth slowing and REO's continuing to decline. Expect to see these trends continue. Short Sales will likely begin a decline in 2Q or 3Q 2013.
Average Home Sales Price also continues to climb, realizing over a 20% gain since the beginning of the year, with the biggest jumps occurring during the Spring selling period. With rising interest rates, expect to see a slight leveling off in price gains until the Spring 2014.