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 10/21/2014)

  1. 2 beds, 2 full baths
    Home size: 1,334 sq ft
    Lot size: 4.08 ac
    Year built: 1964
    Days on market: 5
  2. 2 beds, 4 full baths
    Home size: 2,524 sq ft
    Lot size: 18.08 ac
    Year built: 1980
    Parking spots: 3
    Days on market: 13
  3. 2 beds, 1 full, 2 part baths
    Home size: 1,955 sq ft
    Lot size: 10.66 ac
    Year built: 1979
    Parking spots: 2
    Days on market: 14
  4. 1 bed, 1 full bath
    Home size: 805 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Days on market: 19
  5. 2 beds, 2 full baths
    Home size: 1,300 sq ft
    Lot size: 13.53 ac
    Year built: 1985
    Days on market: 19
  6. 2 beds, 2 full baths
    Home size: 1,080 sq ft
    Lot size: 5.12 ac
    Year built: 1966
    Parking spots: 2
    Days on market: 21
  7. 2 beds, 3 full, 1 part baths
    Home size: 2,524 sq ft
    Lot size: 18.08 ac
    Year built: 1980
    Parking spots: 3
    Days on market: 22
  8. 2 beds, 1 full, 2 part baths
    Home size: 2,011 sq ft
    Lot size: 10.66 ac
    Year built: 1979
    Parking spots: 2
    Days on market: 28
  9. 2 beds, 2 full, 1 part baths
    Home size: 2,702 sq ft
    Lot size: 18.08 ac
    Year built: 1980
    Days on market: 29
  10. 2 beds, 2 full baths
    Home size: 1,580 sq ft
    Lot size: 13.53 ac
    Year built: 1989
    Days on market: 29
  11. 2 beds, 2 full baths
    Home size: 1,350 sq ft
    Lot size: 13.53 ac
    Year built: 1985
    Parking spots: 2
    Days on market: 32
  12. 2 beds, 2 full baths
    Home size: 1,339 sq ft
    Lot size: 4.08 ac
    Year built: 1964
    Days on market: 36
  13. 2 beds, 2 full, 3 part baths
    Home size: 2,651 sq ft
    Lot size: 18.08 ac
    Year built: 1980
    Parking spots: 3
    Days on market: 39
  14. 3 beds, 4 full, 1 part baths
    Home size: 6,080 sq ft
    Lot size: 3.71 ac
    Year built: 2010
    Parking spots: 2
    Days on market: 41
  15. 3 beds, 3 full, 1 part baths
    Home size: 2,649 sq ft
    Lot size: 10.66 ac
    Year built: 1979
    Days on market: 47

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

Buying or Selling Los Angeles Real Estate

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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.

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