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Century City, CA Condominium Report for the month of September 2010

Posted on Oct 4, 2010 by in Active Rain | 0 comments

Century City, CA Condominium Report for the month of September 2010

 Los Angeles has long been considered having two Downtowns, one the “real” Downtown and the other being Century City, CA.  If you look at the Hollywood Hills hillside properties ” City Views” are considered more valuable than” Canyon Views”. The most valuable of the view homes are the one that have both Downtowns framed in the view. This is quite different from most Cities in the United States.

 Corner of Century Park East and Olympic Boulevard, Century City, CA

Now with that said let us look at how the Activity fared for the Month of September. There were 307 Active Condominiums for Sale. This is a drop by 10 from the previous month’s numbers.

This month there were no properties on Hold. This is an indication that the Short Sale properties that were in Escrow either closed or the Lender foreclosed on them

There was an increase in the Accepting Back up Offer category. From the previous month’s 19 this increase was to 27. This would seem large, provided you add in the Pending Sales and they remain favorable. Otherwise it becomes noteworthy to watch. In this instance no reason for concern, since the Pending Sales only decreased from 48 of the previous month to 40 for the month of September.

Now what is interesting that the Sold Condominium numbers increased a great deal from 19 sold in August to 26 sold in September?  A good sign for the Real Estate Market, that the trends indicate that the buyers see a value and are buying the good opportunities.

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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