Playa Vista, CA Market Report for March 2009
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Even though it is April 1st, 2009, this is not an April Fools Joke. These are the actual numbers for the Month of March 2009. As I reported last month there has been an increase of Active Listings compared to the January numbers. The trend continues. Currently there are now 60 Active Listings compared to 55 Actives Listings in February. This is an increase of by 9.2% (see last months Market Report http://activerain.com/blogsview/960983/Playa-Vista-CA-Market-Report-for-February-2009 ) As you see the inventory is continuing to get larger. Now let us focus on the number of properties that are in Escrow and the ones that closed: Currently there are 5 accepting back up offers vs. last month there were 4 and in January only 2. As you can see this trend is on the upswing as well. These ...
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