We are already into the Third Quarter of 2015. How is the Century City condo market doing?
Let’s take a look and compare sales to the First Quarter.
|Building||Sold||+/-||Median||% +/-||Avg. Price per S/F||Active||Median||Pending|
|Century Park East||12||+7||$590,000||-1.50||$613.17||10||$664,000||0|
|Sellers’ Market||Stable Market||Buyers’ Market|
|Less than 5 months inventory||5 to 7 months inventory||More than 7 months inventory|
TheInformation provided by the MLS/CLAW deemed reliable but not guaranteed
The items in red show the last Quarter statistics where there are none this Quarter.
*The Century does not report all its sales on the MLS, so this is an estimate. Out of the 18 listed on the MLS 10 are already resales.
Overall the median price is down even though sales picked up slightly. However there is still a shortage of inventory in Le Parc and Century Woods both of which have low turnover.
Century Park East condos continue to sell steadily.