Century City, CA. Market Report for July 2009. Well here we are and another month just flew by. I have been quite busy and productive, hence the delay of my monthly market report.
Since the beginning of 2009 you have read my reports and I have been showing the numbers and you could see that the Real Estate Market has been improving month over month in Century City, CA. The volume of sales has been quietly increasing from the previous month as well as year. So it should not come as a surprise to any of my loyal readers what now the media has started to bring up, such as headlines "...Is the Real Estate Bear Market Beginning to Bottom Out?"....Signs of Life in the Los Angeles Real Estate Market...." I could go on and on.
So let's see how Condominium Market for the month of July fared in Century City, CA. :
There were 314 Active Condominium Listings as of July 31, 2009
There were 34 Condominiums in Escrow where the buyers have not removed their contingencies and the Sellers were looking for back up Offers.
There were 43 Condominiums were the buyers removed all their contingencies, i.e.: solidly pending.
Now let us look at the Sales, there were 35 Closed Transactions. Keep in mind this month had many detractors such as Summer Vacations and the Fourth of July celebrations. These all historically cut into the Real Estate sales. So feel free to visit the enclosed link and you will be pleasantly surprised with this month statistics vs. last month's (http://activerain.com/blogsview/1141582/century-city-ca-midyear-market-report)
So in conclusion I am very optimistic that we will continue to have a robust summer into the Fall Real Estate Season.
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