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Century City Condo Market Report 2018

Posted by Jane Peters on February 19, 2019
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Let’s take a look at how the  Century City condo market did in 2018 building by building.

Century City condos for saleCentury 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

Buildings with over 7 months of inventory signifying a buyer’s market are:

More Century City condo market reports

Check out live updates of the Century City condo market

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