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Century City 2nd Quarter 2013 Real Estate Market Report

Posted by janepeters on August 15, 2013
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As we approach the 3rd Quarter, my how time flies, let’s see how Century City condos fared in the 2nd Quarter compared with the lst Quarter of 2013.

Together with the Wilshire CorridorCentury City has one of the few concentrated collections of full-service high-rise communities.

Century City Condos Market Report

Let’s take a look:

Building Sold +/- Median +/- Avg. Price per S/F Active Median Pending
The Century* 0 -4  N/A N/A N/A 25 $4,500,000 3
Century Hill 6  +3 $1,069,500 +6.95% $446.16 5 $1,450,000 4
Le Parc 3 =  $1,850,000 +39.62% $728.66 7 $1,900,000 0
Century Woods 1 =  $1,800,000 N/A $366.75 1 $1,595,000 0
Century Towers 5 = $775,000 -22.5% $550.59 8 $995,000 3
Park Place 5 +4 $800,000 +6.67% $495.05 1 $929,000 3
Century Park East 8 +2 $590,000 +31.11%  $474.86 12 $612,000 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.

With the exception of The Century sales were up over or equal to the 1st Qtr.

Overall, Century City has moved into a sellers’ market, with the exception of The Century and Le Parc. Century Park East is balanced between a buyers’ and sellers’ market.

If you are interested in renting a condo in Century City, there are currently 20 properties available at a median price of $5,100a month, the low being $2,495 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 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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