Video: Real Estate Community Tour for Playa Del Rey, CA
See Real estate community tour for Playa Del Rey, CA
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was up 57% from one year earlier, and up 10% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just over 560-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 28%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 670-thousand dollars. The number of units sold increased 50% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.