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25 Apr

Antelope Real Estate Market Update: March 2010

Posted April 25th, 2010 | View Comments

71 homes closed escrow in Antelope in the month of March, an overall unit volume increase of 12.7% year over year. In other good news for the area of Antelope, foreclosure sales are down 17.1% year over year. Short sales seem to be gaining ground (22 sales this March over 13 last March) and so are non-distressed sales (15 sales this March over 9 sales last March), both overall increases of close to 70% year over year.

Average sold price per square foot remained almost the same at a 5% decrease for the same period from $112.40 last year to $118.06 this March. Average sales price fell from $203,240 to rest at $186,627; that’s a decline of 8.2%. Median sales price however fell roughly 7% from $204,000 to $190,000.

Inventory in Antelope is at 4.8 months based on the last year of sales and 5.3 months based on the last six months of sales. Foreclosure inventory is around 1.5 months and short sale inventory remains at right around a year.

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