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Blog: Century City Condo Market Improves

Check out the Century City condo market so far this year. Is it stable, is it going up?

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 first quarter columns are the differences over the previous period.

Building Sold 2011 1st Qtr Median Avg. Price per S/F Active Escrow
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 E  15 +6 +3  $513,000  $435.00  9  4

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.

Related posts:

Century City Condos | Market Report 1st Qtr. 2012

Century City Condo Market Report 2011

Century City Condos for Sale

Read more here.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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