Let’s take a look at how the Century City condo market did in 2018 building by building.
Century Hill
Sold: 14
Average price: $1,343,500- down 6% from 2017
Average price per sq. ft: $583.84
Homeowners dues: $1,630 to $2,217
2 active listings. Century Hill is in a sellers’ market
Century Towers
Sold: 14
Average price: $1,312,260 – up 9% over 2017
Average price per sq. ft.: $905.87
Homeowners dues: $1,313 to $2,180
With 8 active listings Century Towers is a buyers’ market
Century Woods
Sold: Condos: 4 | Villas: 3
Average Price: Condos: $1,732,978 – down 5% from 2017 | Villas: $6,555,000 – up 33% over 2017
Average Price Per Sq. Ft: Condos: $543| Villas: $891.02
Homeowners dues: Condos: $2,300 to $2,838
Turnover of villas is very low so this is a sellers’ market. There were no condo sales over the past six months and with 2 active listings sitting on the market this is a buyers’ market.
Le Parc
Sold: 14
Average Price: $2,348,571 – up 10% over 2017
Average Price Per Sq. Ft: $994
Homeowners dues: $1,718 to $2,618
7 months inventory – balanced towards buyers’ market
Park Place
Sold: 11
Average Price: $1,100,363 – up 16% over 2017
Average Price Per Sq. Ft: $688
Homeowners dues: $985 to $1,429
4 months inventory – sellers’ market
Century Park East
Sold: 19
Average Price: $814,105 – up 14% over 2017
Average Price Per Sq. Ft: $802
Homeowners dues: $682 to $1,257
4 months inventory indicates a sellers’ market
The Century
(Not including penthouses and townhouse)
Sold: 8
Average Price: $4,125,000 – down 17% from 2017
Average Price Per Sq. Ft: $1,489
Homeowners dues: $2,600 to $4,657
With 12 active listings The Century is heavily in a buyers’ market
Century Plaza Hotel and Residences – projected sales prices
Two Eleven Elm – projected sales prices
The information provided by the MLS/CLAW deemed reliable but not guaranteed – % changes rounded up or down
Overall the Century City condo market favors sellers
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