June 2012 Palisades Real Estate Update [Video]

The Palisades market continues to improve and in some areas it is very strong.

The number of homes sold is down slightly (5%) from same time last year but does not reflect the true energy we are experiencing in the marketplace. There are currently 30 homes in Escrow and there have been 25 closings in the past 30 days.

An intersting statististic of the homes sold is the average time on the market which is a comfortable 81 days with a great list to sales price ratio of 98%. This means homes are selling relatively fast and close to the asking price.

Another important statistic, inventory, is down 20% over the same time last year, helping to keep prices firm and market times low.

All in all it is a great comeback for Palisades Real Estate.

Video market update http://youtu.be/5PpLFy0L8Uo

Check out this Video story that French TV did on my innovative use of video marketing done from remote controlled Helicopters. http://videos.tf1.fr/jt-we/l-ere-des-drones-7333149.html

Bill Kerbox Westside Estate Agency www.billkerbox.com  310-600-4484