For January 2009

Existing Home Sales: fell by 5.3% to 4.49 million. It has declined by 8.6% over the past year.

Single-Family Existing Home Sales: declined by 4.7% to 4.05 million. It dropped 7.1% over the past year.

Condo/co-op Sales: tumbled by 10.2% to 440k. It dropped 20.3% over the past year.

Inventory of Homes Available for Sale: declined by 2.7%.

Average Home Price: fell 13.3%

Median Home Price: declined by 14.8%

If you need real estate advice, feel free to contact me or visit www.westsidehomefinder.com. If you are interested in seeing if now could be a good time to refinanance your home, or get pre-qualified for a loan to purchase a property, don't hesitate to contact me or visit www.realpromortgage.com.

Source: National Association of Realtors

Happy New Homeowners

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To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

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2 Comments on Real Estate Economic Blog: Sales Decline, Prices Drop

FEB
25
105,176 Points Outside Blog

Cali, Arizona, Nevada, Florida, The big 4! wohoo. I can't complain we are only down 10% from the high.

Johnathan

8:37pm • #1
MAR
01
129,110 Points Outside Blog

Josh,

I would love to repost this information on my blog. Please consider unlocking it. Thanks

11:15pm • #2

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Joshua Barre Broker/Owner Westside Properties

Pacific Palisades, CA

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Westside Properties

Address: 881 Alma Real Drive Suite T25, Pacific Palisades, CA, 90272

Office Phone: (310) 459-8191

Cell Phone: (310) 923-1157

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