Century City,CA. Condominium Market Report July 2009

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

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  

 

 

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Topic:
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Rainmaker
663,898
Will Nesbitt
Nesbitt Realty is a family-run brokerage.
Nesbitt Realty at Condo Alexandria

Good stuff. Congrats on the featured post.

August 05, 2009 05:27 AM
Rainmaker
956,389
Endre Barath, Jr.
Realtor - Los Angeles Home Sales 310.486.1002
Berkshire Hathaway HomeServices

Will Thank you for the kind words let's hope this trend continues thru the Fall not just in Century City, but around the country.

August 05, 2009 03:22 PM
Rainmaker
175,015
Christina (Asad) Cavins
www.DaytonOhioHouse.com Search Ohio Homes For Sale
Irongate Inc. REALTORS

Interesting stats, my monthly market report for the Dayton, Ohio area shows prices are increasing!

Christina Asad Edwards

August 13, 2009 10:21 AM
Rainmaker
956,389
Endre Barath, Jr.
Realtor - Los Angeles Home Sales 310.486.1002
Berkshire Hathaway HomeServices

Christina I am glad to hear that your prices are on the rise, what about the sales?

August 14, 2009 01:30 AM
Anonymous
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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