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Century City Condos 2014 2nd Qtr Market Report

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

How is the Century City condo market doing? Let's take a look.

Century City condos 2nd Qtr 2014 market reportTogether 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.  The comparison is between the 1st Qtr 2014.

Building Sold +/- Median % +/- Avg. Price per S/F Active Median Pending
The Century* 11 +2 $3.225,000 -10.42 $1,296.83 18 $5,600,000 1
Century Hill 1 +1 N/A N/A $400.93 9 $1,450,000 0
Le Parc 4 +2 $1,850,000 +22.51 $703.51 7 $1,599,000 1
Century Woods 1 +1 N/A N/A $542.82 0 N/A 0
Century Towers 4 = $845,000 -35.24** $690.86 6 $1,297,000 2
Park Place 3 -5 $675,000 -4.26 $487.97 7 $1,100,000 3
Century Park East 6 +3 $654,500 +3.31 $559.64 10 $634,250 4

 

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 drop in median price is because of a one-bedroom sale this quarter.

The Century is close to selling out its inventory and is already beginning resales by owner.

Century Hill continues with slow sales. Park Place and Century Towers remain a sellers' market and the rest a balanced one. Other Century City market reports

Condos for sale in Century City

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Comments(3)

Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Jane, by the looks of this report, there is some inventory in the Century City condo market. Mind you, the prices are....well scary to me, but I'm sure the market in LA! 

Great report! I just don't like doing these!

Jul 19, 2014 10:14 PM
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

What a great market report on the Century City Condos! I really like the fact that you explained the price was down due to a one bedroom, this is crucial information for a buyer to understand.

Jul 20, 2014 11:44 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Thom, you would provide such great info on the Midtown Atlanta condo market.  Do it!

Shannon, thank you kindly.

Jul 21, 2014 07:50 AM