The Playa Vista Condominium Market Report for the Month of August 2011
Now that the long weekend of Labor Day is behind me I am catching up with my Market Reports. So as you all know last month was very turbulent in the world as well as US Economic Markets. Hence it was refreshing for me to see that the Real Estate activity was not affected a lot and people were still listing and selling condominiums in Playa Vista as in the previous month. The numbers are very similar. There has been a drop in the Pending States month over month. The Active and Sold numbers are virtually identical
Currently there are 28Active Condominiums on the Market available for purchase. The least expensive one is a One Bedroom One Bath of approximately 685 square feet of living space for the asking price of $295,000. At the other extreme, the most expensive Luxury Condominium is a two bedroom and three and bath with 2,845 square feet of living space for $999,000.00.
There were 5 Properties in Backup-Status, where the buyers still have not removed their contingencies. There was 1 Condominium in Hold Status; this is an indication of Short Sales, where buyers and sellers are waiting for Lender Approval. Interestingly there are 3 Properties that are Pending- Status. This is where the buyers are just waiting for funding and Escrow to close. The Sold statistic consisted of 8 Condominium that closed during the month of July.
If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.
Comments(0)