Century City Condominium Market Report for March 2010.This has been an amazing month for Century City, the inventory has increased so buyers have more choices. The most interesting statistic is the Pending properties on the market; there has been a phenomenal increase over last month. There are 31 Condominiums that have not removed their contingencies and sellers are accepting Back up Offers, more telling is that there are 47 properties in Escrow just waiting to Close. This is sending a strong message that the spring home-buying season is very robust.
These statistics are more interesting nowadays then the Sold statistics. Previously we used to focus on Sold Properties. Nowadays because Mortgage Originators are taking a longer time to close, this is skewing the numbers, hence it makes more sense to look at the Pending Statistics, and how the Real Estate Market is actually performing. The sold numbers are very impressive as well. There were 24 Sold transactions reported for the month of March, 2010.
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 a portion of my commission to Local Animal Rescue Organizations.
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