The Antelope stampede seems to have moved away from foreclosures to short sales just recently. A total of 63 homes sold in this heavily favored buyer’s market where 93% of all sales are now distress sales. 40 foreclosures and 19 short sales closed escrow this month along with just 4 non-distressed homes. But short sales gained the most year over year: 375%! Foreclosure sales are up 8.1% which lead one to think that maybe the lenders are agreeing to more short sales now that the buyer’s market refuses to let up. Non-distressed home sales have suffered a decline of 71.4% year over year.

Average sold price per square foot is down 13.5% year over year. It is currently $122.29 down from $141.41. The average sales price tells the same story: down 20.2% for the same period, from a high of $247,913 to currently $197,919. Median sales price is at $196,000 – also down 20.3% from last year’s $246,000. But the average home sold was also 8% smaller this February, so the most accurate number here is the average sold price per square foot.

Inventory is at 3.6 months no matter how you look at it.

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