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.