I am so amazed how quickly February went by. Part of it I attribute, since I have been very busy with buyers as well as sellers trying to find out what their property is worth in today' market. Not taking into consideration that the month is three days shorter then the others.
It is very interesting to see now that the numbers are in. For the month of February there were 185 active condominium listings on the market that is a 9.7% increase of the inventory over January. There were 13 condominiums accepting back up offers and 15 condominiums that were pending that is a 27% increase over the January numbers. That is just amazing. There was a decline in the Sold numbers. For the month of February there were only 7 Condominiums Sold. This is a huge decline by about 63%. (See last months Report: http://Activerain.com/blogsview/913102/Marina-Del-Rey-Condominium-Market-Report-for-January -2009 )
The Pending numbers indicate March & April will have a huge upswing in the sales, since that is the indicator of what will happen in the next 30 to 60 days.
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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