century city condominium market report: The Century City, LA, CA 90067 Condominium Market Report is published
- 06/30/17 07:10 PM
The Century City, Los Angeles, CA 90067 Condominium Market Report is very interesting. If you look at the Sales Prices you will immediately see my point:
In the past three years prices have dramatically increased, and part of it is location and the other part is supply and demand.
Another important area to focus on is the Days on Market:
As you can see it is incredible for the price point to be such a fast market. Just based on these two factors you can tell it is a Sellers Market and Buyers need to be properly prepared if they want to have an opportunity … (0 comments)
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century city condominium market report: The Median Sold Price by Month in Century/City Westwood is up 15%!
- 02/28/15 03:11 PM
The Median Sold Price by Month in Century City/Westwood is up 15%!
I find this fascinating in January 2014 the Median Sold Price was $675,000. There were many buyers on the fence not wanting to buy. We kept telling them that the only direction we see prices and interest rates going is up.
Well I guess we were half right, since interest rates have been artificially kept low, but prices have increased. The Median Sold Price by Month for January 2015 has been $775,000. That is an increase of $100,000.00 or better said 15%!
I just blogged about the … (8 comments)
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century city condominium market report: The Monthly Supply of Inventory in Westwood/Century City is up by 39%!
- 02/28/15 02:27 PM
The Monthly Supply of Inventory in Westwood/Century City is up by 39%!
This is a very interesting data since November 2014 and December 2014 these numbers have been climbing. One would think this would have a negative effect on the Prices. The more inventory the bigger the competition.
Once we look at the data we realize that Century City/ Westwood have a huge price range even in the Condominium Market. From the low end of mid four hundred thousand dollars to the high of almost $29 million. The inventory is varied in all price points, hence there is still a shortage … (5 comments)
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century city condominium market report: Century City Condominium Market Report for the month of November 2011
- 12/05/11 12:41 PM
Century City Condominium Market Report for the month of November 2011
Here we are, the last month of the year is just buzzing by. So let’s look how the November real estate activity fared comparatively. The month has been quite mixed with good news and bad news. Every time I looked on the internet I either saw that there was bad economic news in Italy, Spain, Ireland and Portugal or there was good news that Germany will help out the European Financial Crisis. This roller coaster good news, bad news in my opinion is manipulating the World Economy… Sadly not in … (13 comments)
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century city condominium market report: The Century City Condominium Market Report for the month of September 2011
- 10/02/11 02:58 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)
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century city condominium market report: The Century City Condominium Market Report for the month of August 2011
- 09/10/11 11:38 AM
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)
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century city condominium market report: Century City/ Westwood, CA Condominium Market Report for the month of July, 2011
- 08/05/11 02:23 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)
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century city condominium market report: The Century City Condominium Market Report for the month of June 2011
- 07/10/11 01:43 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)
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century city condominium market report: Century City Condominium Market Report for May 2011
- 06/07/11 12:57 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)
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century city condominium market report: Century City Condominium Market Report for the Month of April, 2011
- 05/04/11 02:47 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)
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century city condominium market report: Century City / Westwood, CA Condominium Market Report for February 2011
- 03/05/11 10:26 AM
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)
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century city condominium market report: Century City Condominium Market Report for December 2010
- 01/08/11 12:38 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)
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century city condominium market report: Century City Condominium Market Report for the Month of November 2010
- 12/13/10 12:31 AM
Century City Condominium Market Report for the MOnth of November 2010.
The long awaited November Condominium Market Report for Century City, CA is finally here. As some of you know I have and am out of the country as this is being written. I have noticed there was a huge drop from the Active Listings from the Previous Month. I was quite surprised we went from 291 to 249 this has been a downward trend for the past two months. Part of it is cyclical due to the winter sales cycle, fewer sellers place their homes on the market, part of … (0 comments)
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century city condominium market report: Century City Condominium Market Report for October 2010
- 11/04/10 08:20 PM
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)
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century city condominium market report: Century City, CA Condominium Report for the month of September 2010
- 10/03/10 02:34 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)
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century city condominium market report: Century City/Westwood, CA Condominium Market Report for August, 2010
- 09/01/10 10:46 AM
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)
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century city condominium market report: Century City, CA Condominium Market Report for July 2010
- 08/05/10 02:41 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)
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century city condominium market report: Century City, CA Condominium Market Report June 2010
- 07/09/10 11:40 AM
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)
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The Century City, Los Angeles, CA 90067 Condominium Market Report is very interesting. If you look at the Sales Prices you will immediately see my point:
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