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century city luxury condominiums in ca: The Century City Condominium Market Report for the month of September 2011 - 10/02/11 09:58 PM
The Century City Condominium Market Report for the month of September 2011
Every month as I am about to write my Condominium Market Reports, I am a bit nervous and wondering how the particular pocket of the  area fared, since I am unable to gage the activity based on the news media’ s observations. I am confident based on the activities of the past couple of months that we are heading in the right direction.
Interest rates are at an all time low and the Stock Market has been a Roller Coaster Ride, hence a perfect recipe to go to the … (10 comments)

century city luxury condominiums in ca: The Century City Condominium Market Report for the month of August 2011 - 09/10/11 06:38 PM
The Century City Condominium Market Report for the month of August 2011
I have been so busy with Real Estate and my personal life that I have to mention that my report is late again.  The turbulent economic picture around the Globe and in the US should make this report very interesting.

Currently there are 300 Active Condominiums on the Market available for purchase. This is a slight decrease from the previous month. The least expensive one is a Studio of approximately 188 square feet of living space for the asking price of $49,000.   At the other extreme, the most … (0 comments)

century city luxury condominiums in ca: What is your favorite Marketing Moment? Here is mine in Century City,CA - 08/27/11 04:49 AM
What is your favorite Marketing Moment? Here is mine in Century City,CA. I had these benches as advertisements at all major intersections. These happen to be on Santa Monica Boulevard in front of 10100 Avenue of the Stars. Near luxury condominiums from a price point of $400,000 to $20,000,000. I had about five of them marking my territory. Attorneys, Asset Managers and anyone who passed by saw them.

 I look back fondly at this pictures.
 
 My parents and my in-laws loved it. These were Bench Advertisements in Century City,CA. Did I get business? Nothing tangible, lot's of calls from clients … (21 comments)

century city luxury condominiums in ca: Century City/ Westwood, CA Condominium Market Report for the month of July, 2011 - 08/05/11 09:23 AM
Century City/ Westwood, CA Condominium Market Report for the month of July, 2011. Finally the Debt Ceiling cloud is resolved for now and buyers and sellers of luxury Condominium in Century City/ Westwood, CA can return to what we call the ‘normal real estate market’. When I say ‘normal’, I am referring to the new “normal” in today’s turbulent economic times.

The long term ramifications are unknown at this time. Once thing is clear there will be an economic slowdown for a number of reasons. One important reason is the Economic uncertainties in Europe, particularly Greece, Spain and Italy. You … (11 comments)

century city luxury condominiums in ca: The Century City Condominium Market Report for the month of June 2011 - 07/10/11 08:43 PM
The Century City Condominium Market Report for the month of June 2011

The month of June was very active for me, many listing appointments, and a lot of viewing of my listings. Hence I am a bit late with my Market Report. As most of you who read my Market Reports consistently will notice that my focus is always on the Trends.
I have been reading a great deal about higher interest rates being on the horizon. This is based on the premise that, the Federal Reserve's second round of quantitative easing (QE2 that it is referred to) has ended … (2 comments)

century city luxury condominiums in ca: Century City Condominium Market Report for May 2011 - 06/07/11 07:57 PM
Century City Condominium Market Report for May 2011

As most of my regular readers know I am a firm believer that you have to look at a Real Estate Market Report not just as a snap shot of the previous months activities, but rather as what the Trend is. If we observe and monitor the trend, than we can make educated predictions of activity for the near future of the Real Estate activity in a particular pocket.
Unfortunately there are events that are beyond our control that will impact the local Real Estate activity. Last month there was a slowdown … (3 comments)

century city luxury condominiums in ca: Century City Condominium Market Report for the Month of April, 2011 - 05/04/11 09:47 PM
Century City Condominium Market Report for the Month of April, 2011

I have decided to give a little Geographical clarification for my readers who are not familiar with Century City. The actual site is about 176 acres of residential and commercial properties on the Westside of Los Angeles. The boundaries are Westwood on the west Beverly Hills on the north east and Cheviot Hills and Beverlywood on the southeast. That is the true geographical Century City.
Now for Real Estate Purposes we include Westwood as well, hence the boundary becomes West Los Angeles on the West and Brentwood on the … (4 comments)

century city luxury condominiums in ca: Century City Condominium Market Report for March 2011 - 04/09/11 08:17 PM
Century City Condominium Market Report for March 2011
As most of  you know who read my Blog regularly, I monitor and report on Three Beach Communities' Condominium Markets. They all were very busy during the month of March. So I am very interested how this Micro Market did for the month of March.
As I mentioned last month that Credit has loosened up a bit and consumer confidence is on the road to recovery. Keep in mind it is still a very fragile confidence and as long as there are factors which create fear, these factors can derail this recovery. Some of … (7 comments)

century city luxury condominiums in ca: Century City / Westwood, CA Condominium Market Report for February 2011 - 03/05/11 06:26 PM
Century City / Westwood, CA Condominium Market Report for February 2011. As you know I have been a big proponent of Looking at Housing Trends, I find that is the key to getting the correct picture. It is important to look at the Monthly numbers, but we should not be caught up with the Headlines. There have been delays due to Lenders, Appraisers and other unforeseen reasons.
Now with that said I am very excited to report that The Active Listings for February have increased month over month from 257 to 271. The larger the selection the more Realistic the Sellers … (7 comments)

century city luxury condominiums in ca: Century City, CA Condominium Market Report for January 2011 - 02/07/11 08:31 PM
Century City, CA Condominium Market Report for January 2011. Before I go and give you this market report I would like to let you know, just in case you have not been keeping up with the news. Two of the nation's largest mortgage lenders have raised their minimum required credit score by approximately 20 points.
 What does this mean to you? The answer is: 1. it will be harder to get a loan, 2. it will be more expensive to get a loan, and 3. most importantly it will eliminate potential buyers to step back into the market. The long term … (0 comments)

century city luxury condominiums in ca: Century City Condominium Market Report for December 2010 - 01/08/11 08:38 PM
Century City Condominium Market Report for December 2010. It was an interesting year some areas did poorly others did well. So let us see how Century City fared.
There were 240 Active Condominiums on the Market for the month of December 2010. This was a 3% drop over the December 2009 numbers. Not significant but worth monitoring what the trend will be for the next few months.
Supply is down 3 per cent and Demand is up 2 per cent. That is a very interesting number. This is a small increase in the confidence of buyers another number we should watch … (5 comments)

century city luxury condominiums in ca: Century City Condominium Market Report for October 2010 - 11/05/10 03:20 AM
 Century City Condominium Market Report for October 2010. I cannot believe how fast the month has started out.  Everyone I talk to is busy, listing presentations, negotiating offers. I suspect now that the elections are over, people are focusing on buying.
Now let us look at the numbers for October and see how they compared to September.
The Century City Condominiums that were for Sale, Available dropped from 307 from the previous month to 291 Active Listings.
The properties that are accepting Backup offers increased from 27 to 31. This is quite an increase, the indication is an increase in buyers … (5 comments)

century city luxury condominiums in ca: Wordless Wednesdays: Heidi Dreaming of Beach Life! - 10/13/10 09:46 PM
This is an older picture  of Heidi, before we moved to Marina Del Rey. Heidi lived in Century City, CA and as you can tell she has been dreaming about an Ocean View Home for a long time.
 
  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 … (27 comments)

century city luxury condominiums in ca: Century City, CA Condominium Report for the month of September 2010 - 10/03/10 09:34 PM
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 … (2 comments)

century city luxury condominiums in ca: Did you hear that the National Bureau of Economic Research declared that the Recession is over? - 09/24/10 11:17 PM
Did you hear that the National Bureau of Economic Research declared that the Recession is over?  I was so amazed when I heard this I had to do some research. Where these people are located, who came up with this statement?  I found out they are headquartered in Cambridge Massachusetts. Now do not start rolling your eyes, I know, I used to live in Boston, MA.
I do not know about you, I am confident based on the people that I talk to the Recession is not over yet. My little unofficial survey might not be considered scientific, by asking the … (24 comments)

century city luxury condominiums in ca: Century City/Westwood, CA Condominium Market Report for August, 2010 - 09/01/10 05:46 PM
Century City/Westwood, CA Condominium Market Report for August, 2010
The strength of the Real Estate Market is a great deal affected by the overall confidence of the consumer as well as the news they are inundated with via the news and now the internet. There are trends that must be looked at and noted in the decision making process whether to buy or sell.
So here we are the month of September has started. Now let us look at how the Condominium Market fared for the month of August in Century City/Westwood.  As I blogged last month that we need to … (0 comments)

century city luxury condominiums in ca: Century City, CA Condominium Market Report for July 2010 - 08/05/10 09:41 PM
Century City, CA Condominium Market Report for July 2010
As we reflect on how the Real Estate Condominium Market Activity fared for the month of July, in Century City, CA; I am noticing a universal trend in the markets which I watch very closely. The inventory is increasing and the number of properties which are in Escrow decreasing.
This is partially due to the Tax Credit being eliminated as well as we are in the middle of summer and people are not as focused on buying homes at the moment.
Now with that said, let us look at the actual numbers.  … (2 comments)

century city luxury condominiums in ca: The age old question: What sells a home? - 07/24/10 12:37 AM
The age old question:  What sells a home?  I have read many articles, posts and comments. There is a big school of thought that many agents, brokers believe that the answer is: The Price. I am a firm believer Price is just one of the components. The real reason a house sells is the Realtor®. The Realtor® recommends the price and the marketing strategy.
What is the Marketing Strategy? It is Staging, Open houses, broker's open houses and internet exposure.
Staging is critical, sellers who do not agree to that, I tell them it will take a great deal longer to … (19 comments)

century city luxury condominiums in ca: Century City, CA Condominium Market Report June 2010 - 07/09/10 06:40 PM
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 … (2 comments)

century city luxury condominiums in ca: Century City Condominium Market Report for May 2010 - 06/13/10 04:10 AM
Century City Condominium Market Report for May 2010. As we look at the snapshot from May1st 2010 to May 31st, 2010, we will notice that there were 277 Condominiums on the market for sale. This is an increase of approximately 9% from the previous month. I find this very beneficial; it will allow buyers to have a larger selection to choose from.
The gap between the super rich is widening and it is very clear. The highest priced condominium on the market is a Penthouse on Wilshire Boulevard; the asking price is $19,000,000.00. It consists of 6 bedrooms and 9 bathrooms … (8 comments)