Looking for a Century City Condo? How is the Market Doing?

Originally posted on February 15, 2011

Century City Condo Market, Century City Real Estate Market TrendYou are thinking of buying a Century City condo and are wondering how the market is doing. Is it a buyers’ or sellers’ market?

Century City Condos Market Sales and Leases, Century City Real Estate Market Trend

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.

Century City Condo Market Trend, Century City Condo Sales, Century City Real Estate

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

View Century City Condos in a larger map

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