Century City, CA Real Estate Market Report for March 2009
Well here we are April 1, 2009. The month of March 2009, data is now available. This is not an April Fools joke, these are the actual figures.
Before I will give you the figures, for your convenience I am enclosing a link to the February Market Report so you can compare it easier to the current numbers. (http://activerain.com/blogsview/962925/Century-CityCA-Real-Estate-Market-Report-for-February-2009 )
There is almost no difference in the Active Listing inventory month over month between February and March 2009. The Multiple Listing Service had 294 Active Listings.
Interestingly there has been an increase of Properties that are in Escrow accepting back up offers. For the month of March there are 25 properties in Escrow, where buyers have not removed their contingencies yet.
Then what is even more amazing there are 38 Escrows which are pending. This is a major swing from last month. This number is just staggering. Last month there were only 10 properties pending. Evidently a lot of buyers got their confidence back during the month of March.
Now to the best news of all the sold numbers went up as well. For the month of March there were 20 closed sales transactions vs. 14 for the month previously. I am pleasantly surprised at this numbers. It appears that consumer confidence is starting to return in Century City Real Estate.
Should you like sales information/data about any other part of Los Angeles, please feel free to contact me directly.
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, 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