You are thinking of buying a Century City condo and are wondering how the market is doing. Is it a buyers’ or sellers’ market?
The comparison to December Century City Condo sales is as follows:
An increase of 11 new listings
An increase in sales of 1
An increase in under contract units of 8.
How is the Century City condo market doing?
The $18,900,000 high price at The Century skews the figures, and the median price does not tell us much. Ignoring the 1 month figures, the average days on the market is increasing, and we have a 13 month inventory. 6 months is a balanced market.
Truth be told, it is not doing too well from the seller side. Los Angeles home buyers should be out there looking at Century City condos.
Map of Century City Condos
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