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Great News: the Median Sold Price of Condominiums Month by Month in Century City CA have increased!

Posted on Jan 25, 2014 by in Active Rain | 0 comments

Great News: The Median Sold Price of Condominiums Month by Month in Century City/Westwood have increased again!

As most of you who read my Blog Posts know that I love writing about Westwood /Century City, so I would be remiss if I did not give a Month by Month Median Sold Price Report of the Condominiums in Westwood/ Century City.

December 2012 the Median Sold Price for Condominiums was a fantastic value at $611,000. Well needless to say not surprising to me the Median Sold Price for Condominiums was $720,000. Clearly this increase of $109,000 translates to an 18% increase!

 Century City,CA Condominiums, Endre Barath

The demographics of the buyers were clearly foreign nationals, because they understood the value. Needless to say those who were local buyers and were on the sidelines will be very disappointed when they see these statistics.

So please do not take offence when I tell you it is still a good time to buy, because we anticipate price increases for 2014 as well. Maybe not in double digits but in the single digit figures, hence I strongly encourage you to buy now!

 

If you are considering buying or selling a luxury home, an ultra luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I am a pet friendly realtor and I contribute a portion of my commissions to local animal rescue organizations. –  

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