Century City Condo Market Report 2011

Let’s see how the Century City real estate market performed in 2011 by building.

Century City Condos for Sale, Buying a Condo in Century City

Century Hill

Sold:  7 / = to same period previous year
Median Price:  $900,000 / +2.86 over same period last year
Average Price Per Sq. Ft:  521.79
Active Listings:  22
Absorption Rate*:  16 months

Century Towers – 2220 & 2222 Avenue of the Stars

Sold:  10 / -3 over previous year
Median Price:  $707,500 / -9.18 over same period previous year
Average Price Per Sq. Ft:  $619.33
Active Listings:  16
Absorption Rate*:  23.88 months

Century Woods

Sold:  3 / +3 over previous year
Median Price:  $1,150,000
Average Price Per Sq. Ft:  $575.198
Active Listings:   0

Le Parc

Sold:  5 / = to previous year
Median Price:  $1,500,000 / +9.09% over previous year
Average Price Per Sq. Ft:  $576.74
Active Listings:  2
Absorption Rate*:  11.76 months

Park Place

Sold:  11/ -5 over previous year
Median Price:  $650,000 / -12.04 over previous year
Average Price Per Sq. Ft:  $450.36
Active Listings:  4
Absorption Rate*:  4 months

The Century (The Century does not record all sales on the MLS, so this is an overview)

Sold:  11 / +5 over previous year
Median Price:  $3,400,000 / +19.30% over previous year
Average Price Per Sq. Ft:  $1,157.09
Active Listings: 19
Absorption Rate*:  22.89 months

Century Park East

Sold:  24 / + 13 over previous year
Median Price:  $407,500 / +19.85% over previous year
Average Price Per Sq. Ft:  $410.51
Active Listings:  10
Absorption Rate*:  5 months

Data provided by MLS/CLAW.  Deemed reliable but not guaranteed

*Absorption rate is the number of months it will take to sell the current inventory (in this case based on the past 6 months’ sales).  6 months is a balanced market, below 6 months is a sellers’ market and above 6 months a buyers’ market.
All but Park Place, are heavily into a buyers’ market and even this building has seen a drop in the number of sales and median price.
Century Towers, is seeing the least movement, together with The Century.  Century Woods  has very little turnover.
If you are thinking of buying a Century City condo, now would be a great time.

Search Century City Condos for Sale

See all Century City Condos for Sale.
(all data current as of 8/22/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,773 sq ft
    Lot size: 13.53 ac
    Year built: 1989
    Days on market: 1
  2. 2 beds, 3 full baths
    Home size: 1,994 sq ft
    Lot size: 18.08 ac
    Year built: 1980
    Days on market: 1
  3. 2 beds, 2 full baths
    Home size: 1,080 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Parking spots: 1
    Days on market: 8
  4. 2 beds, 2 full baths
    Home size: 1,070 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Days on market: 10
  5. 1 bed, 1 full bath
    Home size: 835 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Days on market: 13
  6. 1 bed, 1 full bath
    Home size: 835 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Days on market: 13
  7. 4 beds, 5 full, 1 part baths
    Home size: 9,343 sq ft
    Lot size: 3.71 ac
    Parking spots: 2
    Days on market: 15
  8. 4 beds, 5 full, 1 part baths
    Home size: 9,343 sq ft
    Lot size: 3.71 ac
    Parking spots: 2
    Days on market: 15
  9. 2 beds, 2 full baths
    Home size: 1,080 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Days on market: 16
  10. 2 beds, 2 full baths
    Home size: 1,334 sq ft
    Lot size: 4.08 ac
    Year built: 1964
    Days on market: 16
  11. 1 bed, 1 full bath
    Home size: 832 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Days on market: 16
  12. 2 beds, 2 full, 1 part baths
    Home size: 2,372 sq ft
    Lot size: 18.08 ac
    Year built: 1980
    Parking spots: 3
    Days on market: 16
  13. 2 beds, 2 full, 1 part baths
    Home size: 3,234 sq ft
    Lot size: 18.08 ac
    Year built: 1980
    Parking spots: 3
    Days on market: 16
  14. 2 beds, 2 full baths
    Home size: 1,080 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Days on market: 16
  15. 2 beds, 2 full baths
    Home size: 1,334 sq ft
    Lot size: 4.08 ac
    Year built: 1964
    Days on market: 16

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

More Posts - Website - Twitter - Facebook - LinkedIn - Pinterest - Google Plus - YouTube

Add Comment Register



Speak Your Mind

*

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

The information being provided by CARETS (CLAW, CRISNet MLS, and/or i-Tech MLS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS and/or i-Tech MLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR) and i-Tech MLS (Glendale AOR/Pasadena Foothills AOR)

Date last updated: 8/21/14 11:56 PM PDT

This IDX solution is (c) Diverse Solutions 2014.