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Playa Vista, CA Condominium Market Report for September 2010

Posted on Oct 4, 2010 by in Active Rain | 0 comments

Playa Vista, CA Condominium Market Report for September 2010

 As many of you know Playa Vista is the newest Planned Urban Development in Los Angeles since the past fifty years, hence it is a new and dynamic community with the needs and wants of a modern consumer wanting to live close to the Beach on the West Side of Los Angeles. The streets are wide; there is a park like setting with a community pool and club house just to mention a few of the amenities.

Anyway with that said let us see how the Activity was for the month of September.

There were 33 Active Condominiums for Sale on the Market. This has been a downward trend for the past three months. The inventory   of homes for buyers to choose from has been dwindling.

There has been a huge increase in the Pending & Accepting Back up Offers.  For the month of September there were a total of 22 properties which were in Escrow and evenly divided among Pending and Accepting Back up Offers. This is a good indication that buyers are out there are seeing the values of living in this community, coupled with the low interest rates and low prices. Hence the increase of Properties in Escrow will assure an increase in closings for the month of October.

There were 8 Sold Condominiums for the month of September. This is a decrease of the previous month’s numbers. Keeping in mind the huge increase in Pending could be an indication that some of the closings were delayed due to slower bank processing of the paperwork.

 

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

 

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