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Century City Condos for Sale 3rd Qtr 2014 Market Report

Posted by janepeters on October 22, 2014
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It’s time to take a look at how the Century City condo market is doing.

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 in which to walk.

Let’s see how the 3rd Qtr fared.

Century City Condos Market Report

 

The comparison is between the 2nd Qtr 2014.

Building Sold +/- Median % +/- Avg. Price per S/F Active Median Pending
The Century* 9 -3 $5,000,000 +50.04 $1,364.17 13 $8,950,000 3
Century Hill** 2 +1 N/A N/A $466.81 12 $1,349,500 5
Le Parc 4 = $1,647,500 -10.95 $708.62 5 $1,499,000 1
Century Woods 0 -1 N/A N/A $542.82 0 N/A 0
Century Towers 6 +2 $1,032,500 +22.19** $714.98 7 $1,294,000 2
Park Place 4 +1 $900,000 +33.33 $549.97 8 $794,000 0
Century Park East 9 +3 $549,500 -16.04 $573.65 10 $654,500 3

 

Sellers’ Market Stable Market Buyers’ Market
Less than 5 months 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.

** This rise in the median price is because of a one-bedroom which sold last Quarter which dropped the median price.

The Century has now moved into a fairly balanced market and prices in the building are increasing and a couple of the sales are resales.

Century Hill continues with slow sales.

Le Parc and Century Park East have moved into a sellers’ market.

There has been no action at all in Century Woods.

Century Towers continues in a sellers’ market.

Park Place has moved into a more balanced market.

Other Century City market reports

Condos for sale in Century City

 

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