Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 18% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 22%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 280-thousand dollars. The number of units sold decreased 12% year-over-year, and decreased 12% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lancaster, CA
Area Information for Lancaster, CA
Population:164,523
Median Age:33.72 yr
Median Commute Time:31 mins
Educational Climate*:3
Sales Tax:0%
Population Density:1,745/sq mi
Population Change Since 2000:43.19%
Closest Airport:Bob Hope
Closest College:Los Angeles Mission College
Closest Jr. College:Antelope Valley College
Median Household Income:$56,675
Annual Residential Turnover:0%
Median Home Sales Price:$410,000
Closest Major Sports Team:Lancaster Jethawks (a)
Change Avg. Household Income Since 2000:43.92%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Lancaster, CA
Median Age: 33.72Married: 34%Number of Households: 49,436Households with Children: 18,389
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.