Los Angeles Living

You are thinking of buying a Century City condo and are wondering how the market is doing. Is it a buyers’ or sellers’ market?

The comparison to December Century City Condo sales is as follows:

An increase of 11 new listings

An increase in sales of 1

An increase in under contract units of 8

So, how is the Century City condo market doing?

The $18,900,000 high price at The Century skews the figures, and the median price does not tell us much. Ignoring the 1 month figures, the average days on the market is increasing, and we have a 13 month inventory. 6 months is a balanced market.

Truth be told, it is not doing too well from the seller side. Los Angeles home buyers should be out there looking at Century City condos.

Century City is a commercial and residential community on the westside of Los Angeles. The borders are Santa Monica to Pico and Century Park East to Century Park West. Century City condos are among the most desirable in the city, and some of the complexes sit on some of the most prime real estate in Los Angeles. Below are the Century City condo sales statistics for 2010. These figures will be updated on a monthly basis.

All information from the CLAW/MLS is deemed reliable but not guaranteed

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There is a new listing in Century City at Le Parc on Empyrean Way.

This is a 2 bed 2.5 bath, 2,240 sq. ft. unit listed for $2,350,000.  The HOA dues are $1,643 per month.

5 units have sold over the past year for a median price of $1,375,000.  Average days on the market were 65.

There are 3 units on the market for a median price of $1,495,000.

Search Century City Condos for sale and lease

The Century at Century City is the ultimate in luxury living.

I had the pleasure of a private tour of this building on Thursday and all I can say is the wow factor reigns supreme.

By the time I had arrived through the guard gate to the concierge desk four people had greeted me by name, and I was immediately offered a bottle of water while I waited for the tour.

Related, the developers of this project, also built the new Time Warner Center in New York.  Built on 4 acres, rising 41 stories, with 140 units, this art deco building boasts as one of its most famous tenants, Candy Spelling who paid $47 million for the penthouse which it has been said has a conservatory, rose garden and swimming pool. The cost of bulding, $300 million.

Amenities include a full screening room, wine storage, library (called the Assouline Culture Lounge after France's most famous publisher of art, photograpy and fashion books, and furnished with many copies of ), Equinox fitness center, children's playroom, office suites, and on-site restaurant which caters to parties and also offers room service.  24/7 valet parking, concierge and doorman, and a beautiful pool complette with cabanas are part of the package.

The staff are on hand for the slightest detail.  Full concierge services are provided and should the staff see you heading out of your apartment your car is waiting for you at the door.

Models and pricing information.

There is a new listing in Century City at Le Parc, Empyrean Way.

This is a 2 bed 2.5 bath, 1,978 sq. ft. unit for $1,250,000.  HOA dues are $1,650 per month.

4 units have sold over the past year for a median price of $1,622,500.  Average days on the market were 89.

2 units are under contract.

There are 4 units for sale for a median price of $1,592,000.

Search homes for sale and lease at Le Parc

There is a new listing in Century City at Century Hill. 

This is a 2 bed 2.5 bath, 2,357 sq. ft. unit for $705,000.  The HOA dues are $1,308 per month.

12 units have sold over the past year for a median price of $979,203.  Average days on the market were 88.

No units are under contract.

There are 17 units for sale for a median price of $1,549,000.  Average days on the market is 249.

Search condos for sale at Century Hill in Century City