Century City, CA Market Report Part #1(2009 summary)

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708

Enclosed here you will find some very interesting Numbers and Statistics for Century City CA Market Report. I broke the report into two parts so you can look at it in more detail. The numbers are not what I was expecting. One of the most interesting Fingure was the Median Sold Price by Month. Virtually there is no change between December 2008 and December 2009. To me a 2% drop  was a true suprize.. The buyers that bougth properties in March, April and  July were the ones that got some fantastic deals.

 

 

 Equally interesting is the Median Price for Sale vs. Median Sold Price.

As I mentioned above there was only a 2% decline December 2008 vs. December 2009. Not suprizing based on this figure that the Median for Sale price actually increased by 9%. This shows how desirable the Location is to existing buyers even in such uncertain times.

 Just as I noticed in another part of Los Angeles, The activity was much higher then we are accustomed to around the holidays such as November and December.

There was a 156% increase year over year this December. As you can see, since September the volum has really skyrocketed.

 

 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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Ambassador
1,982,228
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Hi Endre, stopping in to wish you a happy and successful 2010 in your market!   The numbers in your report show a much different story than the media want us to believe. 

Jan 05, 2010 10:00 AM #1
Rainmaker
985,918
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Thanks much! Featured post at Condo Benefits.

Jan 05, 2010 11:17 PM #2
Rainmaker
530,615
Jonathan Hall
William Pitt Sotheby's International Realty - Danbury, CT
Realtor - Danbury,CT Area Real Estate~203-417-0523

Love the broker metrics chart. My brokerage bought all agents the license for the software about a month or so ago, and I love the software.

Jan 06, 2010 02:16 AM #3
Rainmaker
3,220,482
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Will Thank you as always

Jan 06, 2010 08:08 AM #4
Rainmaker
3,220,482
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jonathan, it is agreat program, I love it. I have received listings as well as acurate price for listings. Sellers have an easier time relating to the statistics with the Charts

Jan 06, 2010 08:10 AM #5
Rainmaker
3,220,482
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Silvia, even with this the Media will try to pick the worst month vs the overal trend:)

Jan 06, 2010 12:07 PM #6
Rainmaker
230,670
Haris Dedic
RE/MAX Villager 847-878-2588 - Glenview, IL
Glenview Real Estate - Chicago North Shore

Your market summary with charts are always great. I need to do some 2009 charts for the areas I serve.

Jan 06, 2010 12:17 PM #7
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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