Playa Vista, CA Market Report for February 2009

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

 

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  

 

 

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Rainmaker
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Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

ToulaRosebrock.comHi Endre:

You have more pending, which is great!

Let's hope it keeps up in your area.

Mar 01, 2009 10:42 PM #1
Rainmaker
3,086,526
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Toula, I hope your words will be prophetic

Mar 04, 2009 11:29 AM #2
Ambassador
1,951,206
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Endre, when California is on the upswing, the rest of the country will follow eventually.  Let's take this as a good sign!

Mar 07, 2009 12:13 PM #3
Rainmaker
3,086,526
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Silvia, hope your words be prophetic:))

Mar 08, 2009 11:24 AM #4
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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