Antelope Real Estate Market Update: April 2009
A total of 60 homes sold this month in the Antelope area and there have been some interesting changes in the real estate landscape. For one thing, the overall unit volume is down 27% year over year. And for another, foreclosure sales are down for what is perhaps the first time in months. Overall foreclosure sales are down 48% year over year.
As for the numbers: 33 foreclosures sold this April along with 15 short sales and 12 non-distressed homes. Currently 4 out of 5 homes are distress sales and while that number might not be too different from last month or even a year ago, the difference is that short sales have doubled year over year!
Price per square foot is currently at $114.21 - that’s down 17.5% year over year from a high of $138.50. The current average sales price is $183,288 down 25% year over year from a high of $243,829. Median sales price is currently $186,989, down 22.3% for the same period.
Inventory is at 3.3 months based on the last 12 months of sales and 3.8 months based on the last six months of sales. Foreclosure inventory is at 0.5 months and 0.6 months respectively.
