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

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Real Estate Agent with Power Brokers Int'l BRE# 01439865

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.

Related Posts

Century City Condos | Market Report 1st Qtr. 2012

Century City Condo Market Report 2011

Century City Condos for Sale

 

 

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Rainmaker
739,051
Larry Brewer
Benchmark Realty LLc - Nashville, TN
Nashville Real Estate

It looks like the condo market in Century City seems to be improving, and I think it's going to improve even more as the year goes on.

Aug 19, 2012 05:26 PM #1
Rainmaker
908,121
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Larry,  I think so too.

Aug 19, 2012 05:28 PM #2
Rainmaker
1,259,796
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jane - I love how you color coat the buyer's market and seller's market.

Aug 19, 2012 05:51 PM #3
Rainmaker
908,121
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Michelle, thank you.

Aug 19, 2012 05:52 PM #4
Rainmaker
1,230,705
Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
RE/MAX Realty Services Inc. - Brampton, ON

Very enlightening market report Jane. Interesting how the lowest price point condos and the top end (almost) were the busiest for sales. You definitely know the market in Century City.

Aug 20, 2012 04:21 AM #5
Rainmaker
908,121
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Al & Peggy, thank you.

Aug 20, 2012 09:46 AM #6
Rainmaker
556,060
Cherise Selley
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor

Jane,

Great use of the color-coded scheme.  The same type of parameters for market absorption apply to our market as well... g

Aug 20, 2012 10:26 AM #7
Rainmaker
908,121
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Gordon,  and the low inventory, I am sure.

Aug 20, 2012 10:47 AM #8
Rainmaker
739,051
Larry Brewer
Benchmark Realty LLc - Nashville, TN
Nashville Real Estate

Hi Jane - it looks like Century City condos are moving into a sellers market, and I'm sure that buyers are not happy. For me, it's a lot easier to work in a sellers market because the buyers have to decide if they want to buy or not, the property in question won't be available very long.

Aug 21, 2012 08:01 AM #9
Rainmaker
908,121
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Larry,  not long at all.

Aug 21, 2012 09:04 AM #10
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Rainmaker
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Jane Peters

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