Century City Condos Half Yearly Market Report June 2012

Century City Market Report / By / July 16, 2012

How are Century City condo sales doing?

Century Hill

Sold:  6 = +5  in 2nd Quarter
Median Price:  $1,030,000
Average Price Per Sq. Ft:  414.93
Active Listings:  20
Units Under Contract:  2

Century Towers – 2220 & 2222 Avenue of the Stars

Sold:  4 – +3 in 2nd Quarter
Median Price:  $825,500
Average Price Per Sq. Ft:  $534.92
Active Listings:  12
Units Under Contract:  4

Century Woods

Sold:  3 – +2 in 2nd Quarter
Median Price:  $759,900
Average Price Per Sq. Ft:  $463.59
Active Listings:   1

Le Parc

Sold:  5  – +2 in 2nd Quarter
Median Price:  $870,000
Average Price Per Sq. Ft:  $426.65
Active Listings:  1
Units Under Contract:  1

Park Place

Sold:  6 – +1 in 2nd Quarter
Median Price:  $972,500
Average Price Per Sq. Ft:  $461.78
Active Listings: 7
Units Under Contract:  2

The Century (The Century does not record all sales on the MLS, so this is an overview)

Sold:  7 – +4 in 2nd Quarter
Median Price:  $3,100,000
Average Price Per Sq. Ft:  $1,030.48
Active Listings: 12
Units Under Contract:  1

Century Park East

Sold:  15  – +9 in 2nd Quarter
Median Price:  $513,000
Average Price Per Sq. Ft:  $435
Active Listings:  9
Units Under Contract:  6

Century City Condo sales increased in the 2nd Quarter of 2012 over the 1st Quarter.

The buildings with more than 6 months’ inventory are Century Hill, Century Towers, Park Place and The Century.

The rest, Le Parc and Century Woods especially, favor the seller.

The median sales price in Century City is up around 18% over the same period last year.

There were 16 more sales over the same period last year

The sales vs list price is up slightly.

Overall the Century City condo market is heading in the right direction.

Previous Market Reports

Century City Condos | Market Report 1st Quarter 2012
Century City Condo Market Report 2011

Condos for sale in Century City

Condo Condo
Land Land
Rental Rental
Single Family Single Family
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