Playa Del Rey, CA Condominium Market Report for February 2012

Playa Del Rey, 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.

 One of the main reasons I love Playa Del Rey is because it is a bit remote, or should I say off the beaten path. You cannot get to it directly from Marina Del Rey and it is surrounded on the north  side by a Channel and Wetlands as well as on the South side is the LAX and on the West side is the Pacific Ocean and on the East side is more Wetland. Hence it is a destination one has to seek out otherwise one will not know about it.

That same ocean view condominiums that you will find in Marina Del Rey, Venice or Santa Monica you will find in Playa Del Rey as well only for a significant discount and the best part unlike the three other communities I mentioned you will seldom find Tourist traffic. Once would think you would be willing to pay extra for that.

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

There were 47 Active Listings, Accepting Backup Offers were 7, Pending 4 and Sold 7. Very similar to the past two months, check out the link to the previous numbers http://actvra.in/sPy

I have noticed an increase of inventory from the previous month and a decrease of Sold properties as well as Pending.

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 https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.