Century City Condo Market Report 2011

Century City Market Report / By / February 20, 2012

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

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

Condo Condo
Land Land
Rental Rental
Single Family Single Family
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) 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, DAMLS, CRMLS, i-Tech MLS and/or VCRDS 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), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
All properties are subject to prior sale, changes, or withdrawal.
This site was last updated Dec-01-2022 11:03:18 am.
Rover IDX
 

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top