Century City Condominium Market Report for the Month of April, 2011
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 Northwest, hence the Geography Stretches for the Real Estate search parameters a great deal.
The true Century City will have landmarks such as high-rise buildings on Avenue of the Stars Century Park East and the blending of high-rise buildings on Wilshire Boulevard in Westwood will be included in these statistics.
Now with that said let us look at how the month of April’s numbers turned out:
There were 287 Active Condominiums on the Market for Sale compared to the previous months of 291.This does not seem to be that much different still a number we need to monitor.
This month there were 39 properties what were accepting Backup Offers compared to the previous months 22. This is significantly higher and noteworthy.
There were 5 on Hold Status vs. 0 the previous month an indication of Short Sale activity waiting for Lender approval.
The Sold numbers are very interesting for this month there were 43 Sold vs. the previous months 38. This is equally significant. This is an indication of a positive trend and a sign that the Spring Market is in full force. Let’s hope this trend continues.
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 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.
