Century City Condos June 2014 Market Report

How is the Century City condo market doing? Let’s take a look.

Together with the Wilshire Corridor, Century City has one of the few concentrated collections of full-service high-rise communities and, unlike the Corridor, gated ones, with grounds in which to walk.

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The comparison is between the 1st Qtr 2014.

Building Sold +/- Median % +/- Avg. Price per S/F Active Median Pending
The Century* 11 +2 $3.225,000 -10.42 $1,296.83 18 $5,600,000 1
Century Hill 1 +1 N/A N/A $400.93 9 $1,450,000 0
Le Parc 4 +2 $1,850,000 +22.51 $703.51 7 $1,599,000 1
Century Woods 1 +1 N/A N/A $542.82 0 N/A 0
Century Towers 4 = $845,000 -35.24** $690.86 6 $1,297,000 2
Park Place 3 -5 $675,000 -4.26 $487.97 7 $1,100,000 3
Century Park East 6 +3 $654,500 +3.31 $559.64 10 $634,250 4

 

Sellers’ Market Stable Market Buyers’ Market
Less than 5 months inventory 5 to 7 months inventory More than 7 months inventory

Information provided by the MLS/CLAW deemed reliable but not guaranteed

*The Century does not report all its sales on the MLS, so this is an estimate.

** This drop in median price is because of a one-bedroom sale this quarter.

The Century is close to selling out its inventory and is already beginning resales by owner.

Century Hill continues with slow sales. Park Place and Century Towers remain a sellers’ market and the rest a balanced one.

Other Century City market reports

Condos for sale in Century City

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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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