If you’re a homebuyer looking for a house in Antelope, you’re one of the (very) few buyers in the area, at least according to the sold statistics from last month. Year over year, monthly real estate sales in the Antelope area fell almost 47% – just 50 homes sold this September as compared with 94 in September of 2008! Add to that the fact that there was no change in the non-distressed property sales but short sales fell 27.8% year over year and foreclosures fell an even larger number of 62% for the same period.

Average sold price per square foot remains fairly consistent at $115.44 which is a drop of 10.3% year over year. Interestingly enough, homebuyers also bought houses 7% smaller than they did last September. Average sales price is now $183,930 which is 16% lower than it was a year ago from a high of $219,705. However, because homes sold were also smaller on average, the more accurate picture here is given by the average sold price per square foot.

Inventory is at 4.1 months based on the last year of sales and 4.4 months based on the last six months of sales, pointing to the slowdown.

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