Playa Vista Market Report for September 2009

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708

Playa Vista Market Report for September 2009 First I want to let all my readers know there are a few changes I made to the normal monthly market report. I was very intrigued how little the inventory was, so I did a comparison between September 2008 to September 2009 as well as the month to month in between. I found this quite fascinating and I wanted to share it with you

There were only 26 Active Listings. I was just totally amazed. Compared to September 2008 that is a huge change. Even if you compare it July as well as August you will see this is dramatic. I imdediately started to wonder what this will do to the next few months referrence sales?

At the same time I wanted to let everyone know there were 17 Properties that were in Escrow and the Buyers have not removed their investigation or loan contingencies. In addition to it there were  16 Pending, where the Buyers have removed their Investigation Contingencies.

This is truly an indication, that the loans are taking longer and longer, in light of the fact that compared to last months statistics in Escrow should have generated more sales. Instead there were only five(5) sold in the month of September. I am very much interested what October will have to offer with that many in Escrow.

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 310.486.1002 (USA) or email me at EndreBarath@TheMLS.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.

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Rainmaker
985,918
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Great stats! Congrats on another featured post at Condo Benefits.

Oct 06, 2009 11:56 PM #1
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885,790
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

I like your market reports.  Easy to understand and information that is relevant and helpful.  Knowledge is power!

Oct 11, 2009 04:44 PM #2
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Hi Endre, nothing better than a graph to illustrate the impact of numbers.  Hopefully those contingent contracts will turn to pending soon and the pendings to closed sales!  All the best!

Oct 18, 2009 02:36 AM #3
Rainmaker
3,237,525
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Will Thank you for the kind words. Should b e interesting to see how the inventory will progress.

Oct 18, 2009 08:40 AM #4
Rainmaker
3,237,525
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Janna I am glad you like the reports, I agree knowing the number of Active/pending/solds are critical in today's market if we are dealing with buyers and or sellers.

Oct 18, 2009 08:42 AM #5
Rainmaker
3,237,525
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Silvia, I agree with you and hope that the Pendig soon will be closed transactions. Hope your market is as active as here.

Oct 18, 2009 08:43 AM #6
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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