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Playa Vista, CA Condominium Market Report for February 2012

Posted on Mar 9, 2012 by in Active Rain | 0 comments

Playa Vista, CA Condominium Market Report for February 2012

Recent data suggest that the worst may be over and that the housing sector has begun to stabilize. This was on MSN.com a widely read portal on the internet.

“While we still have a long way to go back to normal, the latest numbers are one more indication that housing is slowly turning the corner,” Bob Nielsen, chairman of the National Association of Home Builders, said recently. David Crowe, the association’s chief economist, added, “We anticipate continued, slow improvement in housing starts and sales through 2012.”

Comments like this are being mentioned more often than what we have been used to seeing in the past two years. Now with that said I am still a firm believer that Real Estate is Local and in the Local statistics there are even Micro Markets.

Playa Vista Planned community newest community in Los Angeles

 One of the main reasons I love Playa Vista, CA since it is one of the latest Planned Communities that were built in Los Angeles in the past 50 years. Hence everything is new, well planned and pleasant to walk thru or drive thru. There are sidewalks, green parks for children and pets to enjoy, their own community library, community center with a state of the art Gym, and Olympic Size swimming pool. And if you want to go to the ocean it is only 1.5 miles to it.

 

So let us look how the Real Estate Activity fared in Playa Vista, CA

 

February: There were 25 Active Listings, Accepting Backup Offers were 5, Pending 6 and Sold 5.

 

I have noticed an increase of inventory from the previous month and an increase of Sold properties as well as Pending. This is a good sign well see it for yourself:

 

January:  there were 17 Active Listings and only 2 Pending and 6 Sold

 

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 310.486.1002or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

 

 

 

 

 

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