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Playa Vista Condominium Market Report for October 2010

Posted on Nov 3, 2010 by in Active Rain | 0 comments

Playa Vista Condominium Market Report for October 2010. I had to go back and look at September’s numbers, then I had to double check see if I did the search parameters right. I had a difficult time accepting the numbers. They were totally amazing, almost identical numbers for the month of October 2010 as for September 2010.

There were 35 Active Condominiums on the Market compared to 33 the previous month.

There were a total of 22 Pending Listings consisting of 11 Accepting Back Up Offers and 2 on Hold (Short Sales) and 9 Pending   compared to the previous month’s 22 Pending.

There were 8 Sold Condominiums for the month; yes you guessed it there were 8 Sold the month before as well.

The way I see it the buyers were cautious, but steady. They see that the prices have remained low as well as the interest rates. I have noticed the past two days there has been a lot more activity on my listings and I have been communicating with buyers who are prepared to buy NOW not next month.

I anticipate a strong and active November for the Playa Vista Condominium Sales. The buyers for luxury condominiums are out there as well as even the buyers who are looking for REO’s. They have Cash and do not need loans, eventhough the Loan intrest are at a 45 year low.

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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