Although my report is late again, it is still interesting. The Century City Condominium Market Report for September 2009 is amazing.
The Active Listings went up by a small margin from the previous month. Currently we had 313 Active Condominium listings as of October 1st 2009 vs. 309 from the month before.
The Condominiums that are in Escrow waiting to remove contingencies have increased as well from the previous month. The previous month there were 34 and in September there were 39 waiting to remove their contingencies. The properties that were pending in the previous month were at an all time high since the Economic Meltdown. There were 56 pending and as the large number of Pending Condominiums indicated the numbers were still high for September, it was amazingly 48 properties.
Here are some interesting comparisons between September 2008 and September 2009
Let me know if you have any observations or questions.
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Median Sales Price
|
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No.
|
Area
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Sep 2008
|
Sep 2009
|
Aug 2009
|
2009 To Date
|
2008 To Date
|
|
5
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Westwood - Century City
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$685,194
|
$645,000
|
$648,500
|
$631,000
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$680,000
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Number of Listings and Days on Market
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|
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#Sold
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#New
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#A
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#B
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#P
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#E
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#W
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No.
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Area
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%
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Mth
|
Dom
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Ytd
|
Dom
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%
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Mth
|
Ytd
|
Ytd
|
Dom
|
Mth
|
Dom
|
Mth
|
Dom
|
Mth
|
Dom
|
Mth
|
Dom
|
|
5
|
Westwood - Centu
|
16.25
|
39
|
70
|
240
|
87
|
11.22
|
71
|
633
|
378
|
154
|
31
|
85
|
19
|
107
|
40
|
248
|
15
|
10
|
|
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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 Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.
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