It’s time to check in on the Century City condo market and see how the 3rd Quarter compared with the 2nd Quarter of 2013.
Together with the Wilshire Corridor, Century City has one of the few concentrated collections of full-service high-rise and gated communities.
So what happened in the 3rd Qtr:
| Building | Sold | +/- | Median | +/- | Avg. Price per S/F | Active | Median | Pending |
| The Century* | 7 | +7 | $4,000,000 | N/A | $1,155.34 | 24 | $4,625,000 | 2 |
| Century Hill | 3 | -3 | $1,422,500 | +33.0% | $534.20 | 5 | $1,450,000 | 2 |
| Le Parc | 1 | -2 | $1,750,000 | N/A | $770.93 | 6 | $1,744,500 | 4 |
| Century Woods | 0 | -1 | N/A | N/A | N/A | 1 | $1,595,000 | 0 |
| Century Towers | 9 | +4 | $983,000 | +26.84% | $634.28 | 7 | $1,250,000 | 3 |
| Park Place | 3 | -2 | $950,000 | +18.75% | $503.44 | 9 | $775,000 | 1 |
| Century Park East | 4 | -4 | $480,000 | -18.64% | $473.78 | 11 | $599,000 | 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 not guaranteed
*The Century does not report all its sales on the MLS, so this is an estimate.
The Century shows a rise in sales over the 2nd Qtr. but is still in a buyers’ market as is Le Parc where sales and the median price are down.
Century Woods, Century Hill and Century Towers remain in a sellers’ market with Park Place and Century Park East in a stable one.
If you are interested in renting a condo in Century City, there are currently 14 properties available at a median price of $6,098 a month, the low being $2,200 for a one-bedroom in Century Park East, and $30,000 at The Century (private rental as the property does not offer units for lease).
Related Posts
Century City 2nd Qtr 2013 Real Estate Market Report
Century City Condos 1st Qtr 2013 Sales
Century City Condos. The Year in Review
Century City Condos for Sale | Half Yearly Market Report 2012
Century City Condos | Market Report 1st Qtr. 2012
Century City Condo Market Report 2011
Condos for sale in Century City
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