Playa Vista,CA Midyear Market Report
As we look at month over month we have seen life come into the Real Estate market. Now let us review and see what the true numbers are vs. the perception.
January February March April May June
Active: 51 55 60 58 50 42
Pending: 3 10 7 8 12 17
Accepting Backup: 2 4 5 7 13 11
Sold: 3 3 4 7 12 12
As I look at these numbers, I find it very interesting that the active inventory has dropped almost 20 percent from January to June. The Pending as well as the Accepting Back Up Offers, which are an indication how the buyers are responding shows a phenomenal increase of almost 500%. Equally reassuring is the actual closed transactions. This number is what actually closed. This is a phenomenal increase of 400% over June over January.
As you see, this is not weird spike in the Real Estate Market, rather a steady increase of Activity. The buyers are recognizing a good value and they are taking advantage of the price decrease.
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 http://www.endrebarath.com