Playa Vista Market Report for April, 2010
Although I am very late with this valuable information, as the old saying goes" better late than never" with that here we go.
The Active listing inventory has dropped from the previous month by about 7.5%. This is quite strange, since the spring market is in full force and you would think Sellers would want their properties on the Market.
This of course has a ripple effect, when there are fewer properties on the market to choose from, and then there will be fewer properties in Escrow. For the period in April there were 15 properties in Escrow this is in direct proportion to the active listings. There was a 7.5% drop in the Pending Properties compared to the month of March as well.
Not surprisingly there was an 8.3% drop in the Sold inventory as well. So with that let's hope that the month of May will bring a large increase to these numbers.
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