Playa Vista,CA Market Report for April 2009
Playa Vista,CA Market Report for April 2009
Here we are April has come and gone. Let’s look at the statistics. I have a little gait in my step, since this is the third area which I have been monitoring very closely and I have good news to report.
Since January every month I had good news to share with you. These are not imaginary numbers to believe, rather they are actual hard numbers taken form the Multiple Listing Service for the month of April.
There are 58 Active listings in the MLS as of May 1st, 2009 compared to last month it is virtually identical. There were 60 active listings in March.
Currently, there are 7 Escrows that are accepting back up offers vs. 5 last month. These are small increases, nevertheless reassuring. There are 8 properties that are pending also a small increase over last month’s 7 pending properties.
The Sales I am excited to report showed a dramatic increase, in spite of Lenders continuing to tighten the purses via appraisals and credit verifications. We had 7 properties that Sold in April compared to the 4 which sold in March.
I am leading a crusade here to set the record straight, as you all have seen me write many times, that Real Estate is Local and not National. We have micro markets even on the West Side of Los Angeles. As you can see this little micro market of Los Angeles, known as Playa Vista has shown steady improvement since January of this year.
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,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 https://www.endrebarath.com
