Endre Barath,Jr.

The Market Report for August 2009 for Playa Vista, CA. is quite different from the previous month. There is a larger inventory to choose from. There are currently 40 Active listings about a 7.5% increase in the inventory from previous month.

The Pending inventory consists of 15 buyers who have not removed their contingencies and 11 who have for a total of 26 which is an 8.5% decrease from the previous month.

There has been a 7% drop in the Sold as well month over month. This is the first time in eight months we have seen a decline.

Playa Vista community is different from the neighboring communities, since it is a Planned Urban Development and it is a very new project. Hence you either love it or you don not. Interestingly this community is the next door to Marina Del Rey, where for the eight month in a row the numbers have increased.

I just want to remind everyone, that the first time buyer's Tax credit is nearing its end. Therefore do not miss out on it.

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

I have compiled the Marina Del Rey Condominium Market report for August.

The numbers seem very consistent with July’s Active Listings. Currently there are 184 Active Condominiums on the Market, compared to July it is one more.

Properties that are in Escrow and Accepting Backup offers as well as Pending are amazingly similar as well. There are 26 properties where the Buyers have not removed their contingencies and there are 37 that have removed all their contingencies. The numbers are virtually identical.

I just read somewhere that the Pending Sales Index has only been tracked since 2001. This I found quite interesting, since the Pending numbers are the indication what the following month will look like. As I look at these numbers I can see that the momentum continues for the better and I anticipate a robust sales numbers for the month of September as well.

The most important number outside predicting next month is the Sold numbers. Last month there were 26 Condominiums that changed hands in Marina Del Rey, CA. that is an increase of 8 per cent again. Compared to the national statistics, Marina Del Rey, CA has had an increase month over month in sales now for the past 8 months vs. the national numbers have been six months in a row in creasing.

I just want to remind everyone do not wait too long, since the tax incentive for buying will be ending on November 30th. That means you have less then 60 days to take advantage of this great benefit.

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

Marina Del Rey, CA Condominium Market Report for July 2009. I have been covering three different micro market areas on the West Side of Los Angeles and the trends are very similar. Month over month since January the volume of sales have increased.

This is interesting news for the over well being of the Real Estate Market. I am particularly interested in the Marina Del Rey Condominium Market, since not only do I sell here, but I live here as well.

Currently as of July 31^st 2009 there are 183 Active Condominiums on the Market

Accepting Back Up Offers are 26 Condominiums

There are 33 Condominiums where the buyers have removed all contingencies and are solidly pending.

For the month of July we had 22 Condominiums that Sold.

If you compare to the month of June you will be pleasantly surprised that the sales almost tripled month over month. I find that quite impressive, in spite of the Fourth of July celebration, when Real Estate activity ceases in Marina Del Rey. There are street closings all over Via Marina, the Peninsula and Pacific Ave to name a few.

If you would like to see the previous statistics I have enclosed the Midyear Report's Link for your convenience ( http://activerain.com/blogsview/1141254/midyear-assessment-of-the-condominium-sales-in-marina-del-rey-ca )

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

Here is the Playa Vista, CA. July 2009 Real Estate Market Report. I have been extremely busy and grateful for it, hence the delay in my monthly Real Estate Market Report for Playa Vista, CA. I finally started seeing in various media headlines about the Real Estate Market getting some life into it.

I find it ironic and rewarding at the same time. Ironically I have been saying this with my monthly Real Estate Market Reports since January of this year, that month over month I have seen this trend and the numbers prove that there have been steady increases.

I find it rewarding, that finally the Media is publishing the information which I have been saying, since the beginning of this year i.e.: That there have been increases month over month in sales. I am some what disappointed that now the information that is stated in the media is that the past five months the Real Estate Sales have been increasing. Why did they not just as I reported the Statistics? Why could the Media not do the same? (That of course is a subject of another post)

Now with this introduction:

There were 40 Active Listings in Playa Vista, CA as of July 31, 2009.

There were 13 Properties where the buyers have not removed their contingencies.

As well as 17 Escrows where the buyers have removed their contingencies and the properties are solidly pending.

July we had 10 Closed Sales transactions in the Playa Vista CA community.

If you would like to compare last months' numbers or for the past six months statistics, feel free to visit the enclosed link and you will be pleasantly surprised. In spite of the fact that July has traditionally been a slower month due to the Fourth of July Celebration, as well as the fact that many people take summer vacations.( http://activerain.com/blogsview/1141281/playa-vista-ca-midyear-market-report )

Feel free to comment, your thoughts and input are welcome.

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

Century City, CA. Market Report for July 2009. Well here we are and another month just flew by. I have been quite busy and productive, hence the delay of my monthly market report.

Since the beginning of 2009 you have read my reports and I have been showing the numbers and you could see that the Real Estate Market has been improving month over month in Century City, CA. The volume of sales has been quietly increasing from the previous month as well as year. So it should not come as a surprise to any of my loyal readers what now the media has started to bring up, such as headlines "...Is the Real Estate Bear Market Beginning to Bottom Out?"....Signs of Life in the Los Angeles Real Estate Market...." I could go on and on.

So let's see how Condominium Market for the month of July fared in Century City, CA. :

There were 314 Active Condominium Listings as of July 31, 2009

There were 34 Condominiums in Escrow where the buyers have not removed their contingencies and the Sellers were looking for back up Offers.

There were 43 Condominiums were the buyers removed all their contingencies, i.e.: solidly pending.

Now let us look at the Sales, there were 35 Closed Transactions. Keep in mind this month had many detractors such as Summer Vacations and the Fourth of July celebrations. These all historically cut into the Real Estate sales. So feel free to visit the enclosed link and you will be pleasantly surprised with this month statistics vs. last month's (http://activerain.com/blogsview/1141582/century-city-ca-midyear-market-report)

So in conclusion I am very optimistic that we will continue to have a robust summer into the Fall Real Estate Season.

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