century city market report: Century City Condos 1st Quarter 2013 Market Report
- 04/13/13 06:32 AM
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.
century city market report: Century City Condos. How is the Market Doing so Far This Year?
- 03/05/13 02:37 AM
In many areas of Los Angeles the year got off to a slow start in terms of real estate sales and certainly new homes coming on the market. One of the more desirable neighborhoods is Century City, and last year showed that the market was geared towards sellers. Let’s see how the first two months treated the Century City condo market. Information provided by the MLS/CLAW deemed reliable but no guaranteed *The Century does not report all its sales on the MLS, so this is an estimate. Based on sales over the past six months, the Century City condo market is stable (11 comments)
century city market report: Century City Condos. A Year in Review
- 01/09/13 04:43 AM
Century City condos offer you a variety of options. You have the options of high rise living a little away from the hustle and bustle, and also low-rise buildings with lots of open grounds. Below is an example of one of the spectacular views you get from the Century Towers buildings at 2220 and 2222 Avenue of the Stars:
We should check in and see how the market performed in 2012 as compared with the previous year. Information provided by the MLS/CLAW deemed reliable but no guaranteed *The Century does not report all its sales on the MLS, so this is an (12 comments)
century city market report: Century City Condos Market Report October 2012
- 11/11/12 04:26 AM
Century City continues to be a popular neighborhood for those seeking full service buildings, with amenities and plenty of outdoor space. As with many other neighborhoods, inventory is low, but let’s see what happened in October as far as sales and new listings:
Information provided by MLS/CLAW presumed accurate but not guaranteed *Where no sales occurred in October, the price per sq. ft. reflects previous months sales. **The Century sells in house also, so figures may not be accurate. With the exception of the upscale Century and Century Hill, Century City condos reflect a Sellers market. Previous Market Reports Century City Condos for (7 comments)
century city market report: Century City Condos for Sale | Half-Yearly Market Report 2012
- 08/19/12 08:29 AM
If you are looking for a Century City Condo for sale, let’s check out the market so far this year. The figures in the 2011 and 1st Qtr columns are the differences over the previous period. All information from the CLAW/MLS is deemed reliable but not guaranteed The Century City condos market is definitely improving. Sales are up over the same period last year and the first quarter of 2012. The median price is mostly steady or up slightly and except for The Century and Century Hill, the buildings are in a sellers’ market. The ?? status means there is not enough information to establish which way those buildings (10 comments)
Century Hill Sold: 6 = +5 in 2nd QuarterMedian Price: $1,030,000Average Price Per Sq. Ft: 414.93Active Listings: 20Units Under Contract: 2 Century Towers – 2220 & 2222 Avenue of the Stars Sold: 4 - +3 in 2nd QuarterMedian Price: $825,500Average Price Per Sq. Ft: $534.92Active Listings: 12Units Under Contract: 4 Century Woods Sold: 3 - +2 in 2nd QuarterMedian Price: $759,900Average Price Per Sq. Ft: $463.59Active Listings: 1 Le Parc Sold: 5 - +2 in 2nd QuarterMedian Price: $870,000Average Price Per Sq. Ft: $426.65Active Listings: 1Units Under Contract: 1 Park Place Sold: 6 - +1 in 2nd QuarterMedian Price: $972,500Average Price Per Sq. Ft: $461.78Active (14 comments)
Number sold: 22, a 29.41% increase over the same period last year. Median Price: $738,700, a 26.27% increase over the same period last year. There are 76 active listings and with an average sale of 7.33 per month over the past 3 months the absorption rate is 10.37. This means it will take that long to sell the existing inventory based on the previous average. A balanced market is a six months absorption rate. Anything more points to a buyers’ (12 comments)
Century Hill Sold: 7 / = to same period previous yearMedian Price: $900,000 / +2.86 over same period last yearAverage Price Per Sq. Ft: 521.79Active Listings: 22Absorption Rate*: 16 months Century Towers – 2220 & 2222 Avenue of the Stars Sold: 10 / -3 over previous yearMedian Price: $707,500 / -9.18 over same period previous yearAverage Price Per Sq. Ft: $619.33Active Listings: 16Absorption Rate*: 23.88 months Century Woods Sold: 3 / +3 over previous yearMedian Price: $1,150,oooAverage Price Per Sq. Ft: $575.198Active Listings: 0 Le Parc Sold: 5 / = (8 comments)
If you are buying a condo in Century City let’s see what is available for purchase. Century City condos for sale right now, run from $272,000 for a 1 bed, 1 bath, 500 sq. ft. unit at Century Park East to $8 million for a 4 bed 5.5 bath, 4,497 sq. ft. unit at The Century. (Century Park East has not been featured in this blog at this point because of the pending assessment still required to be paid off on each unit.) Here is a breakdown of Century City condos for sale by price: Under $500,000 Century Park East (2 comments)
If you are considering buying a Century City condo check out the market below. Be sure to click on each image for more detailed results: Overview of Century City condo sales over past year to February 2011 The statistics to take note of are, in this case February 2010 vs February 2011 as these take seasonality out of the equation: February 2010 had one sale - February 2011 had 3. June 2010 had the highest number of sales - 12 Average days on the market of Century City condos sold is up 36% from 84 to 115. The median list (7 comments)
Century City is a commercial and residential community on the westside of Los Angeles. The borders are Santa Monica to Pico and Century Park East to Century Park West. Century City condos are among the most desirable in the city, and some of the complexes sit on some of the most prime real estate in Los Angeles. Below are the Century City condo sales statistics for 2010. These figures will be updated on a monthly basis. All information from the CLAW/MLS is deemed reliable but not guaranteed *Some of the units at The Century are being sold in-house and we (7 comments)
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