Well here we are February 2009 is in the history books. So let's see how it fared compared to January as well as last year.
The Active inventory has had a slight up tick, compared to the previous month. Currently there are 55 Active Listings compared to 51 Active Listings in January. I consider this interesting, since it is a 9% increase. Some would consider it insignificant. To put it in a different perspective, if your income would increase by 9% then I am sure you would consider that significant.(see last months Market Report http://activerain.com/blogsview/917511/Playa-Vista-CA-Market-Report-for-January-2009 )
Now let us look at the number of properties that are in Escrow:
There are 4 accepting back up offers vs. last month there were 2 that were accepting back up offers. Let us look at how many properties are there that were Pending last month vs. this month. There were 3 Pending last month and this month 10 Pending. This is truly amazing. I did not expect these figures. This is a pleasant surprise. What a large increase in the activity.
Now I could hardly wait to find out how the sales fared. Actual Closings were unchanged. Three properties Sold in January and three properties Sold in February. The only thing I can say is not bad for a short month. If there is any indication of the Pending Properties looks like March will be an interesting month.
Should you like sales information/data about any other part of Los Angeles, please feel free to contact me directly.
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, 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