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Century City, CA Condominium Market Report June 2010

Posted on Jul 10, 2010 by in Active Rain | 0 comments

Century City, CA Condominium Market Report June 2010.The month of June is now in the history books, so let us look at how it fared overall. There have been a lot of people looking and cautiously waiting how the Real Estate Market will fare due to the Tax Credit’s disappearance.

So let us look at the numbers. The Active listings inventory has increased from 277 the previous month to 293. I find this as a positive, because this will keep sellers pricing the properties correctly in order that they could sell their Condominiums and at the same time, this will give more choices to buyers. This ultimately will lead to a purchase, because the inventory is not limited and the likely hood is higher that the buyer will find his criteria easier.

The Condominiums which are in Escrow have increased as well last month there were 28 properties pending, now there are 16 Accepting Back up offers and 39 are solid pending waiting to close.

Then of course the most interesting number is the sold. This has decreased a small amount. Last month there were 41 Sold condominiums. For the month of June this dropped to 36. All in all I think this month was a success.

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 homes@endrebarath.com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.  

 

 

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