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.
The comparison is between the 2nd Qtr 2014.
|Building||Sold||+/-||Median||% +/-||Avg. Price per S/F||Active||Median||Pending|
|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.
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