Let's take a look at how the Century City condo market did in 2018 building by building.
Century Hill Sold: 14 Average price: $1,343,500- down 6% from 2017 Average price per sq. ft: $583.84 Homeowners dues: $1,630 to $2,217 2 active listings. Century Hill is in a sellers' market
Century Towers Sold: 14 Average price: $1,312,260 - up 9% over 2017 Average price per sq. ft.: $905.87 Homeowners dues: $1,313 to $2,180 With 8 active listings Century Towers is a buyers' market
Century Woods Sold: Condos: 4 | Villas: 3 Average Price: Condos: $1,732,978 - down 5% from 2017 | Villas: $6,555,000 - up 33% over 2017 Average Price Per Sq. Ft: Condos: $543| Villas: $891.02 Homeowners dues: Condos: $2,300 to $2,838 Turnover of villas is very low so this is a sellers' market. There were no condo sales over the past six months and with 2 active listings sitting on the market this is a buyers' market.
Le Parc Sold: 14 Average Price: $2,348,571 - up 10% over 2017 Average Price Per Sq. Ft: $994 Homeowners dues: $1,718 to $2,618 7 months inventory - balanced towards buyers' market Park Place Sold: 11 Average Price: $1,100,363 - up 16% over 2017 Average Price Per Sq. Ft: $688 Homeowners dues: $985 to $1,429 4 months inventory - sellers' market
Century Park East Sold: 19 Average Price: $814,105 - up 14% over 2017 Average Price Per Sq. Ft: $802 Homeowners dues: $682 to $1,257 4 months inventory indicates a sellers' market
The Century (Not including penthouses and townhouse) Sold: 8 Average Price: $4,125,000 - down 17% from 2017 Average Price Per Sq. Ft: $1,489 Homeowners dues: $2,600 to $4,657 With 12 active listings The Century is heavily in a buyers' market
Two Eleven Elm - projected sales prices The information provided by the MLS/CLAW deemed reliable but not guaranteed – % changes rounded up or down Overall the Century City condo market favors sellers Buildings with over 7 months of inventory signifying a buyer's market are:
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