Century City (Los Angeles, CA) Real Estate News

Century City Condos 1st Quarter 2013 Market Report

Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l)

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
The Century*	4	+2	$2,925,000	-18.18%	$1,1,67.57	13	$4,500,000	0
Century Hill	3	+3	$1,000,000	N/A	$407.79	9	$1,495,000	3
Le Parc	3	+2	$1,325,000	N/A	$511.82	5	$2,200,000	2
Century Woods	1	=	$1,850,000	N/A	$459.63	2	$1,595,000	1
Century Towers	5	+2	$1,000,000	+17.65%	$587.54	9	$995,000	3
Park Place	1	-8	$750,000	N/A	$555.56	3	$1,050,000	3
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).

Condos for sale in Century City

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the CONTACT FORM or call me at 310-473-6919

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Buying or selling real estate in Los Angeles can be an overwhelming process. Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

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Century City Condos. How is the Market Doing so Far This Year?

Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l)

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.

Building	Sold	+/- 2012	Median	+/- 2012	Avg. Price per S/F	Active	New	Median	Pending
The Century*	4	+2	$2,925,000	+10.38%	$964.17	10	N/A	$4,025,000	0
Century Hill	2	+2	$1,005,000	N/A	$388.41	7	1	$1,550,000	4
Le Parc	3	+2	$1,325,000	N/A	$511.82	5	4	$1,595,000	4
Century Woods	0	-1	N/A	N/A	N/A	2	1	$1,847,500	1
Century Towers	3	+3	$1,000,000	N/A	$606.38	7	4	$939,000	3
Park Place	1	=	$750,000	+11.54%	$555.56	3	3	$769,000	2
Century Park East	4	+1	$450,000	-20.30%	$429.87	7	7	$645,000	4

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 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 with the exception of The Century which favors buyers and Park Place which favors sellers. Where reported, the median sales price is up except for Century Park East.

Quite a few listings came on the market in January and February, maybe a sign that Century City condo sellers are testing the waters?

Century City condos for sale

Showing properties 1 - 15 of 39. See more Century City Condos for Sale.
(all data current as of 3/5/2013)

$2,975,000 : 10102 EMPYREAN WAY, Unit 201, Los Angeles

3 beds, 5.0 baths

Home size: 3,242 sq ft

Lot size: 10.66 ac

Year built: 1979

Days on market: 4
$1,535,000 : 10120 EMPYREAN Way #101, Los Angeles

2 beds, 3 full baths

Home size: 2,269 sq ft

Lot size: 10.66 ac

Year built: 1979

Parking spots: 4

Days on market: 15
$1,595,000 : 2179 CENTURY WOODS WAY, Los Angeles

2 beds, 1 full, 2 part baths

Home size: 2,487 sq ft

Lot size: 5.92 ac

Year built: 1983

Days on market: 18
$669,000 : 2170 CENTURY PARK EAST, Unit 506, Los Angeles

2 beds, 2 full baths

Home size: 1,416 sq ft

Lot size: 5.12 ac

Year built: 1966

Parking spots: 2

Days on market: 21
$1,595,000 : 10116 EMPYREAN WAY, Unit 103, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,270 sq ft

Lot size: 10.66 ac

Year built: 1979

Days on market: 25
$699,000 : 2222 AVENUE OF THE STARS, Unit 305E, Los Angeles

2 beds, 2.0 baths

Home size: 1,339 sq ft

Lot size: 4.08 ac

Year built: 1964

Days on market: 26
$2,895,000 : 10102 EMPYREAN WAY, Unit 103, Los Angeles

2 beds, 3.5 baths

Home size: 2,732 sq ft

Lot size: 10.66 ac

Year built: 1979

Parking spots: 2

Days on market: 32
$1,295,000 : 2279 CENTURY HL, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 1,961 sq ft

Lot size: 18.08 ac

Year built: 1980

Parking spots: 3

Days on market: 40
$1,825,000 : 2299 CENTURY HILL, Los Angeles

3 beds, 6.0 baths

Home size: 3,524 sq ft

Lot size: 18.08 ac

Year built: 1980

Days on market: 40
$635,000 : 2170 CENTURY PARK EAST, Unit 708, Los Angeles

2 beds, 2.0 baths

Home size: 1,080 sq ft

Lot size: 5.12 ac

Year built: 1966

Days on market: 42
$450,000 : 2170 CENTURY PARK EAST, Unit 1204, Los Angeles

1 bed, 1.0 baths

Home size: 853 sq ft

Lot size: 461 sqft

Year built: 1966

Days on market: 50
$1,350,000 : 2132 CENTURY PARK LN, Unit 316, Los Angeles

2 beds, 2.5 baths

Home size: 2,488 sq ft

Lot size: 13.53 ac

Year built: 1989

Days on market: 51
$999,000 : 2220 AVENUE OF THE STARS, Unit 702, Los Angeles

2 beds, 2.0 baths

Home size: 1,600 sq ft

Lot size: 4.08 ac

Year built: 1964

Days on market: 52
$1,495,000 : 10112 EMPYREAN WAY, Unit 104, Los Angeles

2 beds, 3.0 baths

Home size: 2,300 sq ft

Year built: 1979

Parking spots: 2

Days on market: 54
$885,000 : 2220 AVENUE OF THE STARS, Unit 1501, Los Angeles

2 beds, 2.0 baths

Home size: 1,601 sq ft

Year built: 1964

Parking spots: 2

Days on market: 57

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Condos for sale in Century City

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Jane Peters, connecting you to the L.A. real estate scene

Century City Condos Market Report October 2012

Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l)

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:

Building	Sold	+/- Sept.	Price Range	Avg. Price per S/F*	Total Active	New Oct.	Under Contract
The Century**	0	=	N/A	$1,086.55	11	N/A	0
Century Hill	2	+1	$987,500 to $1,226,254	$401.70	12	3	0
Le Parc	0	-1	N/A	$426.65	3	1	1
Century Woods	0	=	N/A	$463.59	1	0	0
Century Towers	2	=	$405,000 to $1,245,000	$451.56	9	2	2
Park Place	3	+2	$642,000 to $1,040,000	$455.24	2	2	5
Century Park East	1	=	$370,000	$459.63	4	0	3

Seller’s Market	Stable Market	Buyers’ Market
Less than 5 months inventory	5 to 7 months inventory	More than 7 months inventory

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 Sale | Half-Yearly Market Report 2012
Century City Condos | 1st Qtr Market Report 2012

Century City Condos for Sale

Showing properties 1 - 15 of 45. See more Century City Condos for Sale.
(all data current as of 11/11/2012)

$4,750 : 2220 AVENUE OF THE STARS, Unit 2203, Los Angeles

1 bed, 1.0 baths

Home size: 1,100 sq ft

Lot size: 4.08 ac

Year built: 1964

Parking spots: 2

Days on market: 1
$456,000 : 2170 CENTURY PARK, Unit 206, Los Angeles

2 beds, 2.0 baths

Home size: 1,416 sq ft

Year built: 1966

Days on market: 18
$1,065,000 : 2220 AVENUE OF THE STARS, Unit 1502, Los Angeles

2 beds, 2.0 baths

Home size: 1,339 sq ft

Year built: 1964

Parking spots: 2

Days on market: 20
$1,395,000 : 2221 CENTURY HILL, Unit 169, Los Angeles

2 beds, 2.5 baths

Home size: 2,372 sq ft

Year built: 1980

Parking spots: 3

Days on market: 24
$1,195,000 : 2222 AVENUE OF THE STARS, Unit 2103, Los Angeles

2 beds, 2 full baths

Home size: 1,750 sq ft

Year built: 1964

Days on market: 27
$1,350,000 : 10124 EMPYREAN WAY, Unit 104, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,271 sq ft

Year built: 1979

Days on market: 32
$999,000 : 2463 Century Hill 275, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,372 sq ft

Lot size: 18.08 ac

Year built: 1980

Parking spots: 5

Days on market: 33
$12,750,000 : 1 Century, Unit PH37A, Los Angeles

3 beds, 4.5 baths

Home size: 5,665 sq ft

Year built: 2010

Days on market: 37
$1,129,000 : 2390 Century Hill, Los Angeles

2 beds, 5.0 baths

Home size: 2,651 sq ft

Year built: 1980

Parking spots: 3

Days on market: 38
$1,295,000 : 2220 AVENUE OF THE STARS, Unit 1905, Los Angeles

2 beds, 2.0 baths

Home size: 1,600 sq ft

Year built: 1964

Days on market: 55
$949,000 : 2132 CENTURY PARK LN, Unit 412, Los Angeles

2 beds, 2.0 baths

Home size: 1,580 sq ft

Year built: 1989

Parking spots: 2

Days on market: 59
$869,000 : 2222 AVENUE OF THE STARS, Unit 1003E, Los Angeles

2 beds, 2 full baths

Home size: 1,334 sq ft

Year built: 1964

Parking spots: 4

Days on market: 65
$3,050,000 : 1 Century, Unit 23D, Los Angeles

2 beds, 2.5 baths

Home size: 2,520 sq ft

Year built: 2010

Days on market: 74
$1,000,000 : 2220 AVENUE OF THE STARS, Unit 804, Los Angeles

2 beds, 2 full baths

Home size: 1,600 sq ft

Year built: 1964

Days on market: 81
$699,000 : 2170 CENTURY PARK EAST, Unit 1808, Los Angeles

2 beds, 2.0 baths

Home size: 1,080 sq ft

Year built: 1966

Parking spots: 1

Days on market: 82

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding searvice while utilizing the best practices and systems available.

Westside Los Angeles Real Estate, including, but not limited to:

Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
Culver City Real Estate – Culver City homes
Silver Lake Real Estate - Silver Lake single homes
Echo Park Real Estate – Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Jane Peters, connecting you to the L.A. real estate scene

Century City Condos for Sale | Half-Yearly Market Report 2012

Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l)

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.

Building	Sold	2011	1st Qtr	Median	Avg. Price per S/F	Active	Escrow	Market
The Century*	7	+1	+1	$3,100,000	$1,030.48	11	1
Century Hill	6	+2	+5	$1,030,000	$414.03	17	4
Le Parc	5	+3	+2	$870,000	$426.65	2	1
Century Woods	3	+1	+2	$759,900	$463.59	1	0
Century Towers	4	+1	+3	$852,500	$534.92	8	4	??
Park Place	7	+4	-2	$955,000	$464.42	5	5	??
Century Park East	15	+6	+3	$513,000	$435.00	9	4

Sellers’ Market	Buyers’ Market	Stable Market
Less than 6 months inventory	More than 6 months inventory

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 are leaning.

Overall, will low inventory in the area, if you are thinking of selling a Century City condo, now would not be a bad time.

Century City Condo Market Report 2011

Century City Condos for Sale

Buying or Selling Los Angeles Real Estate

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.a
a
If you are an absentee owner, you’ll neaed someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
Culver City Real Estate – Culver City homes
Silver Lake Real Estate - Silver Lake single homes
Echo Park Real Estate – Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Jane Peters, connecting you to the L.A. real estate scene

SHORT SALE IN LOS ANGELES COUNTY CA

Devona Garrigus - Call Us Now: 1 (888) 9-LIST-IT (Coldwell Banker Kivett-Teeters)

SHORT SALE IN LOS ANGELES COUNTY CA

Garrigus Real Estate is a local Los Angeles County CA Short Sale Team with experienced Los Angeles County CA Short Sale Agents here to assist you.

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We specialize in Short Sales for Los Angeles County CA and Surrounding Southern California Areas

When dealing with a short sale situation in Los Angeles County California, it is not a one-size fits all and it is definitely not the end of the line for you and your family. When you hire us for Los Angeles County CA Short Sale Help, it can be a step in the right direction, and a new beginning. At Garrigus Real Estate, our Los Angeles County Short Sale REALTORS will listen to your particular situation, provide expert advice, and most importantly, answer any questions you may have. Our main goal is to provide you with Los Angeles County Short Sale Help and guidance.

At Garrigus Real Estate, our Los Angeles County Short Sale REALTORS have extensive experience with short sales, the short sale process and processing short sale negotiations with many various banks for short sale approval. Our job is to make sure we can help our clients not only achieve a Los Angeles County short sale, but that the details of the short sale are executed to the best possible advantage for you, the short sale home seller. We want to make sure our Los Angeles County CA clients receive the best short sale approval possible. Not all Los Angeles County CA Short Sale approvals are created equal, and neither are all Los Angeles County CA Short Sale Real Estate Agents.

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Call Now: (888) 9-List-It

That's (888) 954-7848

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More Los Angeles County CA Short Sale Resources:

Get Los Angeles County CA Short Sale Questions Answered

CALIFORNIA SHORT SALE REAL ESTATE AGENTS

LOS ANGELES COUNTY CA SHORT SALE EXPERTS

CALL US NOW TO SELL YOUR HOUSE: 1 (888) 9-LIST-IT

GARRIGUS REAL ESTATE
Foreclosure Agent/REALTOR & Short Sale Specialists
SERVING RIVERSIDE & SAN BERNARDINO COUNTIES
Coldwell Banker Kivett-Teeters Associates

GarrigusRealEstate@yahoo.com
www.GarrigusRealEstate.net <--- Check out our website for useful info and tools!
Devona Garrigus / DRE License # 01844441

IMPORTANT DISCLOSURE in compliance with the FEDERAL TRADE COMMISSION ("FTC") MORTGAGE ASSISTANCE RELIEF SERVICE ("MARS"): Before using this service, consider the following information - Coldwell Banker Kivett-Teeters Associates are not associated with the government and our services are not approved by the government. Seller acknowledges that the Broker/Agent is not qualified to provide financial, legal or tax advice regarding short sale transactions. Therefore, the seller is advised to obtain professional tax advice and consult independent legal counsel immediately regarding the tax implications and advisability of entering into a short sale agreement with their lender/servicer. If you stop paying your mortgage, you could lose your home and damage your credit rating.

Century City Condos - Half-Yearly Market Report, June 2012

Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l)

How are Century City condo sales doing?

Century City Condos Market Report 2012

Century Hill

Sold: 6 = +5 in 2nd Quarter
Median Price: $1,030,000
Average Price Per Sq. Ft: 414.93
Active Listings: 20
Units Under Contract: 2

Century Towers – 2220 & 2222 Avenue of the Stars

Sold: 4 - +3 in 2nd Quarter
Median Price: $825,500
Average Price Per Sq. Ft: $534.92
Active Listings: 12
Units Under Contract: 4

Century Woods

Sold: 3 - +2 in 2nd Quarter
Median Price: $759,900
Average Price Per Sq. Ft: $463.59
Active Listings: 1

Le Parc

Sold: 5 - +2 in 2nd Quarter
Median Price: $870,000
Average Price Per Sq. Ft: $426.65
Active Listings: 1
Units Under Contract: 1

Park Place

Sold: 6 - +1 in 2nd Quarter
Median Price: $972,500
Average Price Per Sq. Ft: $461.78
Active Listings: 7
Units Under Contract: 2

The Century (The Century does not record all sales on the MLS, so this is an overview)

Sold: 7 – +4 in 2nd Quarter
Median Price: $3,100,000
Average Price Per Sq. Ft: $1,030.48
Active Listings: 12
Units Under Contract: 1

Century Park East

Sold: 15 - +9 in 2nd Quarter
Median Price: $513,000
Average Price Per Sq. Ft: $435
Active Listings: 9
Units Under Contract: 6

Century City Condo sales increased in the 2nd Quarter of 2012 over the 1st Quarter.

The buildings with more than 6 months’ inventory are Century Hill, Century Towers, Park Place and The Century.

The rest, Le Parc and Century Woods especially, favor the seller.

The median sales price in Century City is up around 18% over the same period last year.

There were 16 more sales over the same period last year

The sales vs list price is up slightly.

Overall the Century City condo market is heading in the right direction.

Previous Market Reports

Century City Condos | Market Report 1st Quarter 2012
Century City Condo Market Report 2011

Condos for sale in Century City

Showing properties 1 - 1 of 1. See more Century Woods Condos for Sale.
(all data current as of 7/17/2012)

$1,495,000 : 2178 Century Woods Way #40, Los Angeles

3 beds, 4 full baths

Home size: 2,855 sq ft

Lot size: 5.92 ac

Year built: 1983

Parking spots: 4

Days on market: 50

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Westside Los Angeles Real Estate, including, but not limited to:

Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
Culver City Real Estate – Culver City homes
Silver Lake Real Estate - Silver Lake single homes
Echo Park Real Estate – Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919. You may also request a Market Snapshot of your area of interest.

Jane Peters, connecting you to the L.A. real estate scene

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