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June 28th, 2010 3:15 PM

Overall new home sales are down 32.7% this May.  Only 300,000 units sold, down from 446,000 units in April. It's a shame, but new home sales have fallen 78% from July 2005 when they were at the their peak.  However, resales now have less time on the market. The inventory of resales on the market dropped 3.4%.  As for Playa Vista 16 Playa Vista Homes have sold in June at a medium sold price of $533,000. The average price per sq ft was $429,150, with the average sq foot being 1,524.56.
Posted by Dale Ross on June 28th, 2010 3:15 PM

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