Submarket Snapshot: Single-family homes in Century City and Westwood

Los Angeles /
Mar.March 04, 2016 05:00 PM

In the combined submarkets of Century City and Westwood, 40 single-family homes traded hands in the fourth quarter for an average of $2.1 million, up almost 16 percent from the average of $1.8 million in the same period a year earlier.

The median home price increased almost 16 percent to $1.8 million.

The average price per square foot rose almost 5 percent to $834.

Despite these increases, homes sat on the market for 11 percent longer than they did in the fourth quarter of 2014. Homes spent an average of 40 days waiting for buyers.


Related Articles

arrow_forward_ios
Michael Rosenfeld,,Simon Reuben and David Reuben, with a rendering of Century Plaza (Credit: Presley Ann/Getty Images, and Dave Benett/Getty Images)

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza
Century Plaza Towers (Credit: Minnaert via Wikipedia)

Here’s what tenants pay at 2.4M sf Century Plaza Towers

Here’s what tenants pay at 2.4M sf Century Plaza Towers
Matthew Perry and the apartment (Credit: Kevin Winter/Getty Images and Compass)

Matthew Perry slashes price on massive Century City penthouse

Matthew Perry slashes price on massive Century City penthouse
Michael Rosenfeld and a rendering of Century Plaza (Credit: Presley Ann/Getty Images for THR)

Inside Michael Rosenfeld’s $1.8B odyssey at Century Plaza

Inside Michael Rosenfeld’s $1.8B odyssey at Century Plaza
From left: The Century tower and a Sierra Tower

LA condo sales had been improving in Q1: report

LA condo sales had been improving in Q1: report
Belmont Village CEO Patricia Will and a rendering of the Westwood project (Credit: City of Los Angeles via Urbanize)

Senior housing and church complex planned in Westwood

Senior housing and church complex planned in Westwood
Woodridge Capital Partners’ CEO Michael Rosenfeld and Sales Director Mary Ann Osborn with a rendering of the project

A $2.5B litmus test for the Century City luxury market

A $2.5B litmus test for the Century City luxury market
Jordana Woodland and the condo (Credit: Getty Images)

The Naked Princess sells Westwood penthouse for record price

The Naked Princess sells Westwood penthouse for record price
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...