I hope everyone has enjoyed a wonderful Thanksgivings weekend. Mine was great as well, hence the delay of this important report.
This reporting period covers the Condominiums which sold from October 28th 2008 to November 28th,2008. The Pending (in Escrow) as well as the Back - Up (in Escrow contingencies not removed) to date. Also I have included the Condominiums which are currently active on the Market to date.
Last month we had 18 sold vs. this month we had only 14 sold. Keep in mind traditionally when the holiday season enters, normally there is a drop in the Sales Activity for Real Estate. A large majority of the consumer is focusing on activities other then Real Estate Sales.
The Highest Priced Sale was $1,450,000.00 the least expensive sale was $351,000.00.
There are 15 Pending Sales and 10 accepting Back up Offers. So for comparison to last month almost identical numbers (last month 25 were pending). The Highest Priced Pending is $1,599,000.00 (list price) and the least expensive pending is $399,900.00
There are currently on the market, for sale 197 Condominiums vs. last month's 199.
I hope you find these numbers not only interesting, but valuable as well. I would like to wish all my readers a wonderful Holiday Season and a Happy New Year and I will try to give next month's and the year to year comparison figures at the beginning of the New Year.
If you are a consumer who is considering buying or selling investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Beverly Hills ,Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites http://www.endrebarath.com