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 prepared to purchase now rather than later.
There are 5 properties on hold this is where there are 5 properties that have accepted offers, but the property is in Short Sale and needs Lender Approval, hence the Hold Status.
The number of Pending Sales dropped from 40 to 38 for the month of October.
Of course the most important number is the Sold, interestingly unchanged from September to October, the number is identical 26! These are definitely reassuring numbers.
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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