The Palms and Mar Vista housing report statistics below are taken from the MLS CLAW and are for single family homes only. They do not include condos, income property, or private sales.
Home sales in Palms and Mar Vista, show a rosy picture for April, probably partly due to the federal home buyers tax credit due to expire at the end of the month. Althought the number of homes sold was down slightly, the number of homes under contract was up by 23%. The median price was up and the median sales price vs listed price took an upward spike. Also, the number of days on the market for homes sold was down. All in all, a good month.
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3 Months supply of inventory? So your listings are generally selling in 3 months? Wow. I'd LOVE it if our listings sold that fast! We still have over a year's worth of inventory =( But it's better than our 2007 stats, when we had 2.5 years of inventory!
From this market report it looks like your region is doing pretty nicely.
Wishing you continued success!
Lisa, not sure how they figure this stuff out. It does seem rather short.
Craig, thank you.