Century City Condos. How is the Market Doing?

In many areas of Los Angeles the year got off to a slow start in terms of real estate sales and certainly new homes coming on the market.  One of the more desirable neighborhoods is Century City, and last year showed that the market was geared towards sellers.

Let’s see how the first two months treated the Century City condo market.

Building Sold +/- 2012 Median +/- 2012 Avg. Price per S/F Active New Median Pending
The Century* 4 +2  $2,925,000 +10.38%  $964.17 10 N/A $4,025,000 0
Century Hill 2  +2  $1,005,000 N/A $388.41 7 1 $1,550,000 4
Le Parc 3 +2  $1,325,000 N/A $511.82 5 4 $1,595,000 4
Century Woods 0 -1  N/A N/A N/A 2 1 $1,847,500 1
Century Towers 3 +3 $1,000,000 N/A $606.38 7 4 $939,000 3
Park Place 1 = $750,000 +11.54% $555.56 3 3 $769,000 2
Century Park East 4 +1 $450,000 -20.30%  $429.87 7 7 $645,000 4

 

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

Information provided by the MLS/CLAW deemed reliable but no guaranteed

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

Based on sales over the past six months, the Century City condo market is stable with the exception of The Century which favors buyers and Park Place which favors sellers.  Where reported, the median sales price is up except for Century Park East.

Quite a few listings came on the market in January and February, maybe a sign that Century City condo sellers are testing the waters?

Century City condos for sale

 

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