Century City, CA Market Report for April, 2009
Here we are and the numbers are in for the month of April. Century City, CA has boasted of an improvement month after month in the sales activity, since the beginning of the year. So I am optimistic, but at the same time realistic about the current state of the real estate market, hence I am just as anxious as you to see how it turned out. I have been involved in multiple offer situations last month, so I have a good feeling where the numbers will be.
With this introduction, let's see the numbers.
Currently there are 306 Active Listings which is an increase form March by about 8 listings. There are also 30 properties in Escrow, where the buyers have not removed their contingencies; this is also an increase by 5 over March. I was so amazed in March over the actual in Pending and we have surpassed that in April as well in March there were 38 Pending and in April we had 50 Pending. This is truly a sign of improvement in the Market.
In spite of the tightening of Appraisals and Lending practices virtually the Sales numbers are Identical to the March numbers. In March there were 20 sales and in April 19. As I was being cautiously optimistic about the consumer confidence returning to Century City, CA. This is clear now; these numbers are clear and unaltered. I always said Real Estate was Local and we have micro markets and in this small pocket of Los Angeles, life is returning to the Real Estate Market as the past four months have indicated it.
Should you like other 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,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 EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com