Here we are February is in the history books. It went by so fast. OK in all fairness it is two to three days shorter then the rest of the months. So let us see how the Century City Condo Market fared.
Let us compare it to January (http://activerain.com/blogsview/910700/Century-City-Condominium-Market-Report-for-January-2009 )
There are some noteworthy changes in the Century City Real Estate Market. For the month of February: there were 295 Active Listings, 20 accepting back up offers and 10 Pending i.e.: solid in Escrow. Also it is very interesting, that 14 Properties Sold in the Month of February.
The statistics show, that there has been an 8.8% drop in the activity we call accepting back up as well as pending in comparison to the January numbers. Also noteworthy is that there has been a 9 % increase in the sold properties.
We could rationalize, that there were fewer days in the month and that made some difference. I actually attribute the fact that Los Angeles has many Micro Markets. I have been an opponent of the Media stating generalizations about the Los Angeles Real Estate Market. Here is living proof, please visit my Playa Vista Market Report and you will see that the numbers have increased month over month, where here they have mixed results.
( http://activerain.com/blogsview/960983/Playa-Vista-CA-Market-Report-for-February-2009 ) Real Estate is Local has been and always will be.
Should you like sales information/data about any other part of Los Angeles, please feel free to contact me directly.
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, 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