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How is the Century City Condo Market Doing?

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

Century City Condo 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

 

Century City Trend

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.

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

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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9 comments • Jane Peters - Los Angeles Real Estate DRE# 01439865 • February 15 2011 01:44PM

Comments

What a wonderful market report...well done Jane and very detailed. Looks like the market in Century City is doing well for buyers.

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 1 year ago

Sally, thank you.  I think it is a good time for them to jump onboard.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 1 year ago

Love your graphics, Jane!  And, I hope your recent TV appearance is giving you a boost in traffic...

Posted by Peggy Hughes - SF NYC LA (PHA/Peggy Hughes Associates - Professional Moving Organizer) over 1 year ago

Jane - It looks like condos are moving in Century City.  Great information!

Posted by Michelle Gibson REALTOR® Wellington Florida Homes for Sale (Hansen Real Estate Group Inc. ) over 1 year ago

Your graphics are AMAZING!  Definitely looks like Century City Condos are MOVING!

Posted by Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale) over 1 year ago

Fantastic statistics Jane. It certainly looks like a buyers market which is a good time for a buyer to take some time and get a condo which fits their wants and needs.

Posted by Doug Anderson's Tri-Valley Real Estate Views (Executive Brokers Real Estate Group) over 1 year ago

Peggy,  thank you very much.

Michelle, hopefully they will move more if the buyers come out.

Renee,  they could do with some more movement.

Doug,  I absolutely agree.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 1 year ago

Good morning Jane,

Excellent market report Buyers should definitely flock to grab a condo that fits their criteria...never a better time!!

Posted by Dorie Dillard Realtor® Canyon Creek NW Austin TX homes for sale (Coldwell Banker United Realtors) over 1 year ago

Dorie,  thank you.  And I totally agree.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) over 1 year ago

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