The First Quarter of 2013 is already over and we should take a look at how Century City condos did in that Quarter compared with the last Quarter of 2012.
Together with the Wilshire Corridor, Century City has one of the few concentrated collections of full-service high-rise communities and, unlike the Corridor, gated ones, with grounds on which to walk.
So, how did Century City do?
|Building||Sold||+/-||Median||+/-||Avg. Price per S/F||Active||Median||Pending|
|Century Park East||6||+3||$450,000||-3.43%||$443.18||10||$612,000||8|
|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 Park Place, sales were up. Century Wood’ sales remained at 1.
Overall, Century City is still a buyers’ market or balanced between buyers and sellers.
If you are interested in renting a condo in Century City, there are currently 32 properties available at a median price of $3,888 a month, the low being $2,350 for a one-bedroom in Century Park East, and $13,500 at The Century (private rental as the property does not offer units for lease).
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